Arvind Goenka

Pre-budget: FTAs favour plastic imports, not exports

PLEXCONCIL for new trade pacts

Plastic exports body wants Government to frame an attractive PLI scheme for boosting polymer production and becoming AtmaNirbhar

MUMBAI, Jan 12 (The CONNECT) The existing Free Trade Agreements do not favour the plastic exports, Plastics Export Promotion Council of India (PLEXCONCIL) says.

Arvind Goenka, newly elected chairman of PLEXCONCIL, said India is losing on exports of Valueadded plastic goods to USA, UK, WANA regions in the absence of Free Trade Agreements. The country is also not benefitting under the ASEAN & SAARC FTA’s as they were not negotiated favouring plastic finished goods exports. Rather, they favour imports of plastic finished at NIL or highly preferential rates. Share of imports from India is less than 2% in case of UK & USA and less than 1% in case of EU-27 & ASEAN. Share in Africa’s imports is 4% and that with SAARC is only 15% for plastic goods.

It would be his endeavor, Goenka said, to bring this to the knowledge of the policy makers and request that existing FTA agreements be negotiated favoring plastic exports from India and new agreements be forged with importing blocs to increase presence of India’s plastics goods in the world market.

He said, “Plastics are perhaps one of the most versatile products and are being increasingly used in a wide range of applications. We request Government to frame an attractive PLI scheme for boosting polymer production and becoming AtmaNirbhar. A PLI scheme is very important to enable manufacturers invest in plant & machinery and increase their capacity. Backed by strong government support-planned investment of over USD 50 million, as many as 10 plastic parks with state-of-the-art infrastructure are being set up to boost domestic production, employment and achieve environmentally sustainable growth.”

He explained “I have made it my mission to focus on the Council’s primary objective of expanding our membership multi-fold in a 50,000 strong processing industry if we are to achieve our US$ 25 billion target. We have also identified 50 specific product groups that have immense export potential. The Council will provide credible information about export markets to its members regularly by way B2B exhibitions, seminars, participation in foreign exhibitions and also by way of setting up warehouses & permanent exhibitions in markets like USA & Europe.”

PLEXCONCIL, the apex trade body for plastics exports sponsored by the Union Ministry of Commerce & Industry, announced the appointment of Goenka (RMG Polyvinyl India Ltd.) as Chairman and Hemant Minocha (Rajiv Plastics Pvt Ltd.) as Vice Chairman of its newly constituted Committee of Administration (COA) after its recently held AGM.

The Regional Chairmen are as follows:  Regional Chairman WEST - Saurabh Kalani (Flexituff Ventures International Ltd.; Regional Chairman EAST - Prasan Lohia (Merino Industries Ltd.); Regional Chairman SOUTH - Y.V. Raman (POCL Enterprises Ltd.); and Regional Chairman NORTH - Vikram Bhadauria (Alok Maslebatches Pvt Ltd.).

The Panel Chairmen are:   Jagdish Gupta (Stylam Industries Ltd.) - Panel Chairman Floor Coverings, Leather Cloth & Laminates; Pradip Thakkar (Mechemco Industries) - Panel Chairman FRP Products; Dhruv Sayani (Crystal Plastics & Metallizing Pvt Ltd.) - Panel Chairman Consumer & Houseware; Benjamin Cherian (Raj Hair International P.Ltd.) - Panel Chairman Human Hair & Related Products; Vimalchand Rathod (Flair Pen and Plastic Industries Pvt Ltd.) - Panel Chairman Writing Instruments; Rajiv Chitalia (Electrofocus Electricals Pvt Ltd.) - Panel Chairman Miscellaneous Products; P. Mohan (Sakkthi Polymers) - Panel Chairman Pipes & Fittings; and Dr. S.S. Rajpathak ( Garware Technical Fibres Ltd.) - Panel Chairman Cordage & Fishnets.

Members of PLEXCONCIL have suggested that the Government should reduce the lead time for refunds (MEIS / GST) for exporters; reinstate GSP and sign an FTA with major export destinations particularly the United States; increase the rate of Drawback; simplify manufacturing and customs laws; improve the import clearance assessment systems; and work towards improving the Ease of Doing Business in India.

Recent News