{"id":14715,"date":"2023-05-22T09:40:10","date_gmt":"2023-05-22T09:40:10","guid":{"rendered":"https:\/\/newsnetworks.co.in\/en\/2023\/05\/22\/plexconnect-attracts-global-national-attention\/"},"modified":"2023-05-22T09:40:10","modified_gmt":"2023-05-22T09:40:10","slug":"plexconnect-attracts-global-national-attention","status":"publish","type":"post","link":"https:\/\/newsnetworks.co.in\/en\/2023\/05\/22\/plexconnect-attracts-global-national-attention\/","title":{"rendered":"Plexconnect attracts global, national attention"},"content":{"rendered":"
\"\"<\/div>\n

Leading plastics players, including Supreme Industries, Jain Irrigation, Garware Technical Fibres, Big Bags Internationa, Rajeev Plastics, Flair Industries, Alok Masterbatch, Blend Colors, Welset, RR Plast, Mechemco, RMG Polyvinyl, GemcorpRecylcing, etc. confirm participation<\/em><\/p>\n

Mumbai (Maharashtra) [India], May 22:<\/strong>\u00a0With over 550+ global buyers from 70+ countries and 10,000 visitors expected to be a part of the country\u2019s first-ever export-oriented plastics exposition, Plexconnect 2023 to be held in less than a month in Mumbai, is all set to break business records.<\/p>\n

Leading processors of the Indian plastics fraternity have already confirmed their participation, and many more are expected to join soon.<\/p>\n

Being held by the\u00a0Plastics Exports Promotion Council of India (Plexconcil) under the aegis of the Union Commerce Ministry from\u00a0June 15-17, 2023, at the Bombay Exhibition Centre (NESCO), the event has evoked an enthusiastic response, the organisers said.<\/strong><\/p>\n

Presently, 572\u00a0<\/strong>International\u00a0buyers<\/strong>\u00a0from across 73\u00a0countries\u00a0<\/strong>have registered for the Reverse Buyer Seller Meet at Plexconnect 2023. In addition, Trade delegations from several countries such as Uzbekistan, Korea, Israel, Kyrgyzstan, Indonesia, & Brazil will also interact with participants in the show that is slated to attract a global audience as over80+ Indian embassies and high commissions have been promoting this government-supported event.<\/p>\n

Plexconnect 2023 will also host participation of State Pavilions from Tamil Nadu, Telangana, and Chhattisgarh and anticipate finalization of the same from Uttar Pradesh, Maharashtra, Gujarat, Madhya Pradesh, Punjab& Himachal Pradesh.<\/p>\n

Conservative estimates are that the size of the global export market for plastics is about USD 1.2 trillion, and India\u2019s share is just about 1.1%, said\u00a0Hemant Minocha, Chairman of Plexconcil,\u00a0<\/strong>and expressed the confidence that the country has the potential to garner 3% of the world market share in two years<\/p>\n

The Council has been in contact with over 100 foreign missions, in coordination with the Ministry of External Affairs (MEA), to create buyer interest from their respective countries, he said.<\/p>\n

Post Covid, there have been great disruptions in the global supply chains, and \u201cwe believe that rather than being the alternative to sourcing from China, our industry has the resources and the capabilities to become the world\u2019s leading hub to source plastics,\u201d Minocha said. It is in this context that Plexconnect 2023 assumes added significance, he added.<\/p>\n

\u201cConsidering the fact that 90% of the country\u2019s plastics units are MSMEs, Plexconcil is in touch with the government to extend the benefits under the PMS Scheme to our exporters,\u201d\u00a0Sribash Dasmohapatra, Executive Director, Plexconcil, s<\/strong>aid. This will help facilitate their participation at very minimal or no cost to them.<\/p>\n

The recent signing of the Economic Cooperation and Trade Agreement (ECTA) with Australia and the Comprehensive Economic Cooperation Agreement (CEPA) with the UAE are bound to be harbingers of increased role for the Indian plastics industry in international trade. \u201cWe are keenly looking forward to many more such agreements in the near future,\u201d he said.<\/p>\n

\u201cThe new Foreign Trade Policy (FTP) released on March 31 places renewed thrust on emerging areas like e-commerce, streamlining of the SCOMET policy, provision for merchanting trade, and encouraging overseas transactions in INR with an aim to make it a global currency are highly appreciated by the industry as such\u201d,\u00a0Dasmohapatra said<\/strong>.<\/p>\n

India\u2019s plastics export has been growing at a\u00a0CAGR of 6.1% in the last five years,\u00a0<\/strong>and PLEXCONCIL plans to double exports to reach\u00a0USD 25 billion by 2025<\/strong>.<\/p>\n

India currently exports to over 200<\/strong>\u00a0countries globally, including\u00a0China, the US, UAE, Bangladesh, Nepal, the UK, Turkey, Germany, Italy and the Netherlands.<\/strong><\/p>\n

\"\"<\/p>\n

ABOUT PLEXCONCIL<\/strong><\/p>\n

The Plastics Export Promotion Council (PLEXCONCIL) \u2013 which acts as a bridge between the Industry and the Government – was established by the Ministry of Commerce & Industry, Department of Commerce, Government of India on 15th July 1955, as a non-profit organisation. It was one of several Export Promotion Councils (EPCs) launched by the Government to project India’s image abroad as a reliable supplier of high-quality products in order to give a boost to the country\u2019s exports.<\/p>\n

PLEXCONCIL is the apex body of the plastics industry in India and represents over 2,800 exporters who manufacture\/export plastics products ranging from plastics raw materials to semi-finished and finished items. The Council has its headquarters in Mumbai and regional offices in New Delhi, Kolkata, Chennai and Ahmedabad,<\/p>\n

Products from the Indian plastics industry are exported to over 200 countries across the globe.<\/p>\n

For updates:\u00a0https:\/\/plexconcil.org\/<\/a><\/p>\n

If you have any objection to this press release content, kindly contact pr.error.rectification[at]gmail.com to notify us. We will respond and rectify the situation in the next 24 hours.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

Leading plastics players, including Supreme Industries, Jain Irrigation, Garware Technical Fibres, Big Bags Internationa, Rajeev Plastics, Flair Industries, Alok Masterbatch, Blend Colors, Welset, RR Plast, Mechemco, RMG Polyvinyl, GemcorpRecylcing, etc. confirm participation Mumbai (Maharashtra) [India], May 22:\u00a0With over 550+ global buyers from 70+ countries and 10,000 visitors expected to be a part of the country\u2019s […]<\/p>\n","protected":false},"author":1,"featured_media":14716,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[10],"tags":[35],"class_list":["post-14715","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-press-release","tag-news-networks"],"_links":{"self":[{"href":"https:\/\/newsnetworks.co.in\/en\/wp-json\/wp\/v2\/posts\/14715","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/newsnetworks.co.in\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/newsnetworks.co.in\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/newsnetworks.co.in\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/newsnetworks.co.in\/en\/wp-json\/wp\/v2\/comments?post=14715"}],"version-history":[{"count":0,"href":"https:\/\/newsnetworks.co.in\/en\/wp-json\/wp\/v2\/posts\/14715\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/newsnetworks.co.in\/en\/wp-json\/"}],"wp:attachment":[{"href":"https:\/\/newsnetworks.co.in\/en\/wp-json\/wp\/v2\/media?parent=14715"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/newsnetworks.co.in\/en\/wp-json\/wp\/v2\/categories?post=14715"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/newsnetworks.co.in\/en\/wp-json\/wp\/v2\/tags?post=14715"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}