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Friday, February 07, 2025 | 01:52 AM ISTEN Hindi

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Crafting operational excellence in plastics industry

Operational excellence can result in about 30% reduction in production cost, says Aakash Borse

IBM and Stanford University collaborate to develop plant-based plastics
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Aakash Borse
The Indian plastics market is comprised of around 25,000 companies and employs 3 million people. The domestic capacity for polymer production was 5.72 million tonnes in 2009. Gujarat in Western India is the leading plastics processing hub and accounts for the largest number of plastics manufacturers, with over 5,000 plastics firms. 

The growth rate of the Indian plastics industry is one of the highest in the world, with plastics consumption growing at 16 percent per annum (compared to annual 10 percent in China and around 2.5 percent annually in the UK). With a growing middle class (currently estimated at 50 million)

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