24-Mar-26 Inauguration Of Plastiworld
Plastiworld, a B2B exhibition cum fair meant for promoting export of Plastic end products had a grand opening today at Jio World Convention Centre, a premier state-of-the-art event venue in Mumbai’s Bandra Kurla Complex
Plastiworld event was inaugurated by Shri Vikas Pansare, IAS, MD, MSSIDC who was the chief guest
Dignitaries present for inauguration were sitting on the dais were
S/Sh
1.Vikas Pansara, IAS, MD, MSSIDC, Chief Guest
2.Ramu S Deora, Past Chairman, FIEO
3.Ravikant Kapoor, Vice President, FIEO
4.Arvind Goenka, Chairman Northern Region, FIEO
5.Sunil Shah, President AIPMA
6.Arvind Mehta, Chairman, Governing Council, AIPMA
7.Kailash Murarka, Charman, Plastiworld
8.Ravish Kamat, President, Plast India
9.Ajay Desai, Chairman, Export Delegation, AIPMA
The inaugural function started with lighting of the lamp followed by Felicitation of Guests S/Sh Vikas Pansare, Ravikant Kapoor, Arvind Goenka, Ramu Deora and Ravish Kamat.
In his welcome address Sh Sunil Shah. President AIPMA briefed about the activities of AIPMA and highlighted the Advocacy related work being done from AIPMA office in the north. He also talked at length abbot other two signature events of AIPMA i.e. Plastivision and GCPRS and emphasised that AIPMA does not only promote manufacturing of Plastics goods but also responsible growth through circularity. AMTEC is another initiative which provides skilled manpower to large industry houses who uses plastics in their products. He appreciated the Plastiworld to provide decisive global export engagements to the MSME sector. And curated dedicated plastic export platform. Plastiworld is [providing verified buyer access and empowering the MSME by giving direct access to global buyers. There are preschedule B2B meeting and buyer will act as ambassadors of Indian Plastic industry in foreign markets,
Shri Arvind Goenka, Northern Region Chairman, FIEO in his address said that plastics product export market s US$ 825 Bn growing at 6% and Indian exports are US$ 12.5 Bn growing at 4.5%. The recent FTA with UK, Australia, Oman and EU will open up the exports market in these countries as it will open up 98-99% of tariff line related to Plastics products and make them duty free. He also highlighted the various products in Packaging, Agriculture, Automobile, Consumer products, FOBC, Pet Bottles, Syringes Pipes etc which have good export potential. Plastiworld is providing a one stop sourcing destination to over 200 buyers. These three days will open doors for new collaborations.
Shri Arvind Mehta, Chairman Governing Council, AIPMA described how the idea of Plastiworld was conceived by getting inspiration from the vision of Hon’ble Prime minister to make India a US $ 5 Trn economy and vision of Hon’ble commerce minister to take Indian exports to 20% of Indian GDP. He also acknowledges the guidance received from Sh MP Taparia of Supreme Industries and Sh Kamal Nanavaty of Reliance Industries in giving a shape to Plastiworld. AIPMA had taken up a massive exercise to identify 21 top countries importing Plastic products under 9 different HSN codes. Then to make use of the data, Canton Fair in China was used as a bench mark for buyer seller meets. The present exports from India are just 1 % of global Plastic product export at US $12.5Bn. AIPMA has a vision to take it to US$ 50 Bn in three years. He also thanks FIEO for their immense contribution of bringing about 160 verified buyers to this meet. He also thanked the MSME minister for extending help to 60 MSME buyers for setting up the stalls. AMTEC is helping the MSME for bringing the prototype to market in few days which used to take six months from concept to product. He announced that next step is to take the MSME delegation to overseas countries. Plastiworld has for the first time published a directory which gives the names of foreign buyers.
Ravikant Kapoor, Vice President of FIEO said that Plastiworld is ready to scale up the MSME to Global levels in exports. It is finding innovative ways to find export markets. MSME has to compete with the best in quality for exporting and also be cost competitive. FIEO also help exports to put the surplus products in export markets. India is going to be sourcing country of the world in the future. The Govt has recently announced RELIEF which will help the exporters. He also appreciated the efforts on Indian plastic industry which is recycling app 60% of plastic world which is highest in the world and Indian Industry in conscious of sustainability.
Mr Ravish Kamat, President Plast India praised Plastiworld for increasing credibility of Indian Products in international markets. The current Plastic consumption in India is 25 MMTA growing at 12-14% will reach 40MMTA in three years. India is strongly placed to become the new sourcing Hub for plastic products. He highlighted the potential for divarication in neighbouring countries and highlighted the plastics product countrywide which have export potential. He also talked about the resilience of Indian Industry which has maintained exports in spite of Tariffs by US and Geo Political events. Plastiworld will go a long way in in boosting Indian Exports.
Kailash Murarka, Chairman Plastiworld also emphasised that MSME is helping circularity and thanked MSME Ministry for financial help to MSME for pitting up the stalls. The Plastiworld show has been funded by AIPMA through their own funds of App Rs 6 Crs. HE FIEO helps in getting the buyers to the B2B meet. explained that the meetings between buyers and sellers have been planned very meticulously. Other than direct buyers about 40 buying agents also participating in this event. In addition, institutional buyer like Lulu mall, Flipkart and Walmart are also present.
Our Chief guest Sh Vikas Pansare, IAS, MD, MSSIDC said Indian Plastics Industry has evolved significantly over the years . It has transitioned from being largely consumption drivrn to becoming an export oriented and innovation led industry. Platforms like Plastiworld provide an excellent opportunity to showcase this transformation to the global community,
Plastiworld is a reflection of Indian growth in trade. He was pleased to see the participation of foreign buyer which shows their increasing confidence of global markets in the Indian plastics Industry. He was also appreciative of responsible consumption and circular economy. He said that future belongs to who balance growth with sustainability. He committed his full support to the growth of MSME for upgradation of technology and export. He says that MSSIDC can act a catalyst of growth of export by MSME. MSSIDC is already working on initiatives like export acceleration, cluster based manufacturing, Sustainability driven manufacturing and digital market access to empower MSME.
Sh Ajay Deasi, Charman of Expert Delegation pf AIPMA thanked each and all dignitaries present on the dais for gracing the occasion. He thanks Se Vikas Pansare policy and Govt encouragement, Sh Ravikant Kapoor for his insights for going to the market, Sh Arun Goenka for his hand holding, Sh Ravish Kamat for his thoughts and support, Sh Sunil Shah and Sh Arvind Mehta who have made the show a success, Sh Kailash Murarka for giving him an opportunity to get associated and the AIPMA team who has worked tirelessly in the back ground.
The Buyer Seller meet started on a good note
About Plastiworld
Plastiworld is a unique event which brings the Indian MSME plastics product producers and international buyer on a single platform to conclude business deals for exports. The event is organised by AIPMA, The All-India Plastics Manufacturers Association as a service to the Plastics fraternity in the country and AIPMA bears all the expense for the event.
AIPMA has partnered with FIEO – the Federation of Indian Export Organisations, which has a strong global network and expertise in identifying verified and credible buyers across the world.
The concept Plastiworld was inspired by vision of Hon’ble Prime Minister Shre Narendra Modi for making India a US$ 5 Trn economy and the vision of Hon’ble Commerce and Industry Minister to take India’s export share in GDP to 20%.
Plastiworld will be open for three days from 23rd Mar to 25th March. In this edition of Plastiworld over 100 sellers have registered and over 210 buyers from 47 countries are identified. App 4000 one to one B2B meetings have been set up for the three days duration for discussing business deals. In addition, over 50 sourcing agents and institutional buyers have also been invited. Major retail brands from India like Reliance Retail, Ikea, etc are also participating.
More than 160 international buyers from oversees have been identified. They have been invited by offering free travel and accommodation at own cost of AIPMA without any financial assistance from Government. Plastiworld is solely financed by AIPMA with own funds for organising it.
It is interesting to note that AIPMA took up a massive exercise of analysing the data related to Imports of plastics good by 21 countries under 9 HSN codes to find out where the export potential lies and for which products. Export potential for Indian plastic finished products market opportunities in the top 21 importing countries were identified. These top countries included USA, China, Germany, Mexico, France, Italy, UK, Canada, Poland, Netherland, Türkiye, Japan, Spain, Belgium. UAE. Brazil, Chile, Ethiopia, Ghana, Kenya and Nigeria. Through this study, market size in the top 21 countries were identified and also identified the top 25 high-potential products in each country being imported.
The global trade in plastic finished products is valued at nearly 1.3 trillion US dollars.
India’s exports, however, are currently around 12.5 billion dollars which was less than 1 percent. The aim of AIPMA is to grow the export of Plastics end Products four times in three years.
Plastiworld is a step in that direction of four-fold growth of Indian Plastics products.
Plastiworld is on the lines of Canton Fair in China organised twice a year at very large scale for various products by the Commerce Ministry of China. Plastiworld is a mini-Canton fair in India for Plastics products.
We are thankful to the Ministry of MSME, Government of India, who has extended financial support to encourage participation of MSME in this event. 60 MSME exhibitors will receive subsidy of up to Rs 1.5 Lac per participant covering up to Rs 1.25 Lac for stall and up to Rs 25K for contingency charges. This initiative will make it much easier for smaller companies to enter global markets.
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