Save Plastic Processing Industry

Save Plastic Processing Industry

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Kranti Potluri started this petition to Government and

Plastic Industry in India constitutes 50,000 plus plastic processing units of which 90% + units are MSME. It employs more than 50 lakh people and contributes more than Rupees. 3 lakh crores of country's GDP. 

Plastic Resin Raw material manufacturers in India (to number account to only about 16 to 17 large private PSU companies) have exponentially increased the raw material prices over the past 5 months making it extremely difficult for the MSME units to understand the reason for uptrend and manufacture and supply their products at affordable prices. 

Below is the gist of how the raw material prices have increased over the past 5 months and these are at their life time highest.

  1. Poly Vinyl Chloride (PVC)            - 60%
  2. ABS                                              - 140%
  3. PC                                                - 111%
  4. HDPE                                           - 25%
  5. LDPE                                             - 40%
  6. LLDPE                                           - 26%
  7. PP                                                   - 30%
  8. PPCP                                             - 31%
  9. GPPS                                            - 43%
  10. HIPS                                            - 48%
  11. PET                                              - 20%

Indian resin manufacture companies are able to supply only 50% of the countries resin requirement. In addition, to this supply demand gap, the anti-dumping duties have been imposed on import raw material.

Anti-dumping duties and non- availability of resin in International market and high price of raw material by Indian manufacturers in addition to COVID situation is making it extremely difficult for plastic processing MSME units to survive in manufacture and trade plastic components .

The plastic processing industry which is trying really hard to stand back and survive during this pandemic is jeopardized due to these drastic increase in raw material and to left in vain by succumbing to these monopoly prices.

Kindly sign the petition so adequate representation can be made to the Government of India, the large scale PSU resin manufacturers and we, MSME, plastic processing industry survive if not flourish.

 

 

 

 

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