ahmedabad to boost plastic exports from india and to reduce import dependence industry stakeholders emphasized the need to expand manufacturing capacity of plastics industry across india industry representatives gathered for the inaugural ceremony of plastindia 2018 in gandhinagar on wednesday which was inaugurated by chief minister vijay rupani and state energy minister saurabh patel domestic polymer consumption is expected to double by fiscal 2028 to 30 metric tonnes according to industry estimates which makes the expansion of manufacturing capacity all the more vital packaging electronics agriculture automotive and healthcare sectors are expected to record high growth volumes said m p taparia the chairman of the national advisory board of plastindia foundation indian plastic industry will continue to grow above 810 to keep the growth rate consistent the industry needs an additional capacity of 12515 million tonne every year which is often difficult to achieve estimates of plastics export promotion council plexconcil indicate that despite good growth indias plastic exports account for less than 1 of global exports global plastic exports are worth 850 billion while indias exports stood at a meagre 75bn in fiscal 201617 said sribash dashmohaptra the executive director of plexconcilindustry representatives said that state governments and the centre should draft industryfriendly policies to help boost exports in 2016 china exported plastics worth 138 billion while india only achieved 6 billion to push exports we request the centre and states to become facilitators taparia said we need suitable government policies and we do hope the gst council will consider a low tax rate for the sectorstate chief secretary j n singh who was present at the inaugural ceremony said eighty per cent of plastic manufacturing units across gujarat are msmes which create jobs to fuel the industry further weve announced the establishment of a specialised institution for plastic engineering and technologyexpansion focus on gujaratahmedabad faridabadbased polymer additives manufacturer hpl additives is mulling the establishment of a manufacturing facility in dahej we are looking at an investment of rs 100150 crore in the facility which will manufacture raw materials mainly isobutylene and alkylated phenols for our existing product lines of blowing agents and antioxidants said umesh anand the joint managing director of the company primarily a manufacturer of specialty chemicals and polymer additives the company aims to double its turnover in the next three years said anandbox action in silvassa ahmedabad delhibased masterbatches manufacturer alok masterbatches is seeking to expand its existing manufacturing facility and is in the process of commissioning its sixth plant in silvassa we plan to expand our capacity to 96000 tonnes with the new plant said amit puri the founder of the company a cumulative investment of rs 5075 crore has gone into the plant which is set to be commissioned in march this year as part of the first phase