Industry wants AP govt to speed up proposed 'Plastics Park'

Image
Press Trust of India Hyderabad
Last Updated : Dec 04 2013 | 5:27 PM IST
With the per capita consumption of plastics in Andhra Pradesh likely to reach more than double in next five years, the plastics industry today requested the government to expedite its process on setting up a 'Plastics Park' in the state akin to Gujarat and Uttar Pradesh.
"If the state has to retain its self-sufficiency, then it is critical that the development of proposed plastics park is expedited and is operational soon," the All India Plastics Manufacturers Association (AIPMA) said here.
Addressing a press conference, Raju Desai, Chairman of Plastivision India 2013, being organised by AIPMA, said five plastic parks have been announced by the Centre in different parts of the country.
"Two of these will be coming up in Dahej and Sanand (Gujarat) besides three others at Panipat, UP and MP," he said.
Andhra Pradesh Plastic Manufacturers Association President V Anil Reddy said there is a need for establishing a plastics park in AP on the lines of Gujarat and Uttar Pradesh.
"We are requesting the government to at least provide minimum of 500 acres for the proposed plastics park. The process is underway to locate it. The APIIC has identified some land in Ranga Reddy district."
Desai said plastic prices have gone up by more than 20 per cent in the last three months owing to rupee depreciation against dollar and rise in crude oil prices.
The per capita plastic consumption in India is 8.5 kg as compared to 24 kg world average, while the per capita consumption is 100 kg per person in developed countries, he said.
Plastic is largely used in packing and pipes and it constitutes 50 per cent of demand, he said adding there are about 50,000 plastic manufacturers in the country and the current production is around 10 million tonnes and it is growing at 15-20 per cent per annum.
The AIPMA is organising Plastivision India 2013 at Mumbai from December 12-16.
*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Dec 04 2013 | 5:27 PM IST

Next Story