Plastic Statistics
The Plastic Sector is considered
as Sunrise Industry and has been exhibiting a consistent export growth
rate in the past. Exports of Plastics during the past few years as as
under:-
| Value |
| Year |
Rs.in
Crores |
In
US$
Mln. |
%
of growth |
| 97-98 |
2338.75 |
620.35 |
7.28% |
| 98-99 |
2141.21 |
514.48 |
(-)17.07% |
| 99-00 |
99-00 |
2570.00 |
16.17% |
| *Source - Plexconcil statistics |
Major export products include the Plastic Moulded Extruded goods,
Polyester Film, Raw materials, Laminates, Moulded/ Soft Luggage items,
Writing Instruments, Plastic Woven Sacks and bags, PVC Leather Cloth and
Sheeting.
The Top 10 Trading Partners for our Plastic products include USA, UAE,
Italy, UK, Belgium, Germany, Singapore, Saudi Arabia, China & Hong
Kong
| Regionwise
exports of plastic are as under:- |
| E.U. Countries &
West Europe |
27% |
| Gulf &
Middle East Region |
19% |
| USA, Canada,
LAC Region |
22% |
| Far East &
South East Asian |
12% |
| African
Countries |
10% |
| CIS &
Russia |
02% |
| Others |
08% |
| Total |
100% |
| Export
analysis statement annexed . |
Projection of Exports:
Abundant availability of various polymers has also played a pivotal
role in ensuring the growth of our industry. India meets a very large
part of requirements through indigenous production and is a net exporter
of certain polymers, besides, the finished goods.
India's export growth amounted to 16% during the last year and touched
a figure of US $ 600 million during 1999-2000.
The expected growth of exports for the next five years is projected as
under:-
| PROJECTION
OF EXPORTS |
| 2000-2001 |
720 US $ MLN |
| 2001-2002 |
900 US $ MLN |
| 2002-2003 |
1125 US $ MLN |
| 2003-2004 |
1250 US $ MLN |
| 2004-2005 |
1500 US $ MLN |
| 1.17 |
SALES
TAX:
Uniform rate of Sales Tax: Sales tax varies from state to state.
|
Implementation of Uniform & Vatable Sales
Tax rate immediately i.e. 1.4.2001. We have suggested that there
should be uniform rate of sales tax throughout India. The Chief
Ministers Conference held on 17.11.1999 realising the disparity
between states in sales tax rate and to encourage business have
suggested to have uniform rate of sales tax which we welcome by
adopting VAT system. Everybody will have to pay duty and the
government will get more revenue. |
The present rate of Sales Tax in various
States is given in Annexure. It will be easily seen that the rate of
Sales Tax in Maharashtra is highest and SSI units located in
Maharashtra are in a very very disadvantageous stage and this needs
immediate implementation of uniform rate of Sales Tax. To face
incoming challenges of imports due to WTO agreement it is need of
the hour to have Uniform & Vatable Sales Tax from 1st April 2001
otherwise local manufacturers will badly affect. |
|
