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Union Minister for Chemicals & Fertilizers and Health & Family Welfare, Dr. Mansukh Mandaviya launched Plastindia 2023-11th International Plastic Exhibition & Conference in the presence of Union Minister of State for Chemicals & Fertilizers and MNRE, Shri Bhagwanth Khuba, here today. Senior officials of the Ministry of Chemicals & Fertilizers and industry representatives were also present in the meeting.

Addressing the event, Dr. Mandaviya stated that “these exhibitions are important because they will attract international plastic players to the country and provide a platform to learn and exchange ideas and technology”.He noted that the government is not only pro poor but also industry friendly as industrial growth promotes wealth creation and is important for generating employment and Nation building. The Union minister highlighted that "India’s Petrochemical Industries has been one of the fastest-growing industries in the Indian economy with high demand growth. India is projected to contribute more than 10% of the incremental global growth in Petrochemicals over the next decades". However, amidst the Petrochemical growth globally, volatility, significant Import dependency and attractive demand growth have been the primary reasons for which India needs Petrochemical assets to meet the domestic and global demand, he added. The Union Minister further stressed that although import dependency of the country has reduced, there is need for a holistic approach to create an atmosphere for the industrialists to be able to compete globally. He suggested the need to create a roadmap for the plastic industry for long term policy support, investment as well as export promotion.