|
Indian Plastics Insitutue, the
premier organisation with more than 2000 professional members from
the Indian Plastics Industry, recently organised a function to honour
those members who have contributed significantly to the success
of the Institute over the last few years. The awardees included
three members of the plastemart.com's Advisory Board. The function
also included three presentations on Indian Plastics industry from
eminent personalities;
 |
 |
Mr. Kamal Nanavaty, |
|
|
Mr. K. Agrawal, |
|
|
Prof. Sivaram from NCL, Pune |
Mr. Kamal Nanavaty, President for Cracker and Polymer business,
of the largest Indian petrochemical company, Reliance Industries
Limited, presented a paper on the emerging scenario of plastics
business in India.
Economic reforms were introduced in India in the early nineties.
Since then, from a level of about 1 million tonnes, consumption
has reached a level of almost 4 million tonnes in 2001. The spectacular
growth of about 14% over the last decade compared to 6% GDP growth
in the some period is expected to continue in the coming decade.
This would be because economic reforms will continue the Indian
GDP growth of 6-7%. Mr. Nanavaty forecasted that by 2010, plastics
consumption in India will exceed 12-12.5 million tonnes and therefore
India will emerge as the third largest country in the world after
USA and China.
To answer the question upper most in the minds of most Indian entrepreneurs,
he furnished some basic data comparing China with India. Figures
indicate that China will continue to out perform India even after
the next 3 decades. Certain inherent economic differences are apparent
between the two countries.
China has a GDP greater than US$1 Trillion, compared to India's
US$0.5 trillion, in 2000. Both countries need to provide for almost
the same size of population over the next decades.
This will continue to reflect in atleast 7-8% growth for China on
20 million tonnes compared to 14% on 4 million. It would therefore
be quite difficult to visualise that India will catch up with China
even after 2-3 decades.
The other two presentations made by the very successful processor
Mr. K.Agrawal of Alpha Packaging, India's largest PP TQ film manufacturer
and an eminent research scientist Dr.Sivaram, Deputy Director of
National Chemical Laboratory brought about some interesting parameters
that Indian Plastics Industry needs to adopt in the emerging business
scenario.
Adopting economies of scale in production will enable the Indian
plastics processor to become cost competitive, particularly in the
global scenario. Besides, very efficient financial controls in inventory
levels as well as outstandings are essential for growth in the processing
sector, said Mr. Agarwal.
Statistics provided by Dr. Sivaram highlighted the meagre resources
(<1.5%) alloted for research and development by the Indian plastics
industry. This is particulary low when compared to China that spends
almost 9-10%. To grow it is essential that the industry enhances
these resources siginificantly. He threw light on the outstanding
research and international patents filed by NCL.
We at Plastemart.com are very proud to inform our viewers that the
following 4 members of our advisory board, along with others, were
honoured by Indian Plastics Institute.
|
|
Mr. A.E. Ladhabhoy |
|
|
Mr. Bipin Shah |
|
|
Mr. Jitu Vadodaria |
|
|
Mr. Vijay Merchant |
These and other eminent members of our board have helped plastemart
develop and grow to be India's leading portal for the plastics industry.
Their regular contributions, valuable advice, feedback and support
have helped plastemart grow to its current position.
Previous Article
Next Article
Lohia tape stretching line
| | | |
