 "According to the Central Pollution Control Board, India generates over 26,000 metric tonnes every day of plastic waste of which 6 per cent is MLP")
Indian plastic exporters are aggressively looking to grab China’s share in the global market as developed countries have started scouting for alternative supply sources, in their bid to exit China. Many of these nations are holding Beijing responsible for unabated spread of the pandemic.
India's share in the $1 trillion global plastic exports market is about one per cent, while China's is as much as 10 per cent. Since Beijing banned the import of plastic scrap, a raw material which works out much cheaper than polymer, about two years ago, China’s cost of production went up.
Consequently, its global market share declined
