Govt subsidy on new technology to give a boost to plastic packaging sector

Over the last 3 decades, the rigid plastics packaging market in India has literally grown by leaps and bounds. The increasing demand for bottled water, beverages, personal care and household items has immensely contributed to this explosive growth. Today the Indian packaging industry is valued at $ 13 billion and rigid plastics packaging market is expected to grow at 15 percent annually.

The packaging sector is among the high growth industries in the country, and globally, India is on a path to becoming a preferred exports manufacturing hub for the packaging industry. Currently the 10th largest sector of India's economy, the