Industry overview
The Indian plastics industry has made tremendous strides in
the past few decades and holds the status of being one of the leading
sectors across the country with a very sizable base. The Industry has
gained importance in almost every sphere of activity and per capita
consumption has risen dramatically. Continuous developments in
expertise, processing machinery, cost-effective manufacturing and
polymer technology are rapidly taking over conventional techniques and
materials, creating a need for plastic machinery finance.
Current industry
India’s share in the plastic production industry is nearly
0.5% of the GDP. The export of plastic products also contributes nearly
1% of the country’s total exports. This sector comprises of a large
number of small-scale firms that account for over 50% of the industry
turnover by opting for finance for plastic moulding machines. Currently,
the Indian plastics industry is spread across the country, employing
about 0.4 million people and over 2,000 exporters. The fixed assets of
the plastic processing industry make up approximately INR 100 billion of
the investment, and it operates more than 30,000 processing units, of
which 85% to 90% are small and medium enterprises (SMEs).
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