Plastic exporters see huge potential in African markets, eye 20% growth in exports in FY14

Plastic exporters see huge potential in African markets, eye 20% growth in exports in FY14
Plastic exporters see huge potential in African markets, eye 20% growth in exports in FY14
Plastic exporters see huge potential in African markets, eye 20% growth in exports in FY14

MUMBAI: Indian plastic exporters foresee a huge growth potential in Middle East and African markets and eyeing nearly 20 per cent growth in shipment of plastic products and 22 per cent in machinery in the upcoming financial year (2013-14).

Plastics Export Promotion Council (PEPC) Executive Director Ranjan Kalyanpur said, “There is huge potential in the African countries where a lot of industrial growth is taking place. We are currently present in seven countries in the continent and are planning to expand our footprint in Africa.” Last year, India exported nearly USD 7.1 billion plastic products and USD 150 million machinery accounting for 2.3 per cent of the total exports to countries like the US, China, European Union, the Middle East and Africa.

“We are expecting about 20 per cent growth (in) plastic products and 22 per cent in machinery exports in FY14,” he added. Apart from intensifying its penetration in African market, the PEPC is also planning to explore opportunities in the Commonwealth of Independent States (CIS) countries, Romania and Poland, Kalyanpur added.

In the ongoing economic scenario, the exports continue to be strong and the international demand remains. The four-day ARABPLAST 2013 will witness the participation of about 150 companies from India. The ARABPLAST 2013 is a trade show for the plastics industry in the Middle East, starting from January 7, 2013.

Satish Khanna, general manager, Al Fajer Information and Services said, “…ARABPLAST 2013 will help Indian companies…with a wide number of stakeholders from the entire Middle East and the African region visiting the event.”

Source..

5 comments

471150 127897It was any exhilaration discovering your site yesterday. I arrived here nowadays hunting new issues. I was not necessarily frustrated. Your suggestions right after new approaches on this thing have been useful plus an superb assistance to personally. We appreciate you leaving out time to write out these items and then for revealing your thoughts. 583645

273197 336958Oh my goodness! an superb post dude. Several thanks Nevertheless We are experiencing problem with ur rss . Dont know why Not able to sign up to it. Could there be anybody acquiring identical rss dilemma? Anyone who knows kindly respond. Thnkx 919223

593068 715471Aw, this is an incredibly nice post. In thought I would like to put in spot writing like this moreover – spending time and actual effort to create a excellent article but exactly what do I say I procrastinate alot by way of no indicates seem to get something accomplished. 176076

Leave a Reply