TMI BlogAim to increase the turnover of plastic industry to ₹ 10 lakh crore from present level of 3 lakh crore in next 5 years - Shri Piyush GoyalX X X X Extracts X X X X X X X X Extracts X X X X ..... Aim to increase the turnover of plastic industry to ₹ 10 lakh crore from present level of 3 lakh crore in next 5 years - Shri Piyush Goyal - News and Press Release Dated:- 8-12-2021 - News - Aim to increase the turnover of plastic industry to ₹ 10 lakh crore from present level of 3 lakh crore in next 5 years - Shri Piyush Goyal Plastic industry should aim to double the employment ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Shri Goyal Shri Goyal asks the Industry participants to focus on quality; BIS would set up labs wherever needed to ensure best possible testing of plastic materials - Shri Goyal MSMEs must get assured supply of plastic raw material Shri Goyal interacts with plastic industry stakeholders for further boosting the performance and potential of the sector Shri Piyush Goyal asked the Pla ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... stic manufacturing industry to aim to increase their turnover to ₹ 10 lakh crore from present level of 3 lakh crore in next 5 years. He said that huge potential exists to increase the manufacturing of plastic machinery in India and reduce dependence on Imports. Shri Piyush Goyal, Minister for Commerce Industry, Textiles and Consumer Affairs Food and Public Distribution was reviewing t ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... he functioning of plastic industry in the country and heard the views and suggestions of industry stakeholders for further boosting the performance and potential of the sector. Speaking on the occasion Shri Goyal said that plastic industry is one of the biggest generator of employment in the country. It should now also aim to double the employment as well in five years time with the expected in ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... crease in turnover. Shri Goyal asked the plastic industry participants to focus on quality. The Minister added that dependence on using second hand machinery is not the way forward. A less than good quality machinery would only produce substandard products. In order to compete globally, world class machinery needs to be used for all kinds of production . He said that the BIS would set up labs ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... wherever needed to ensure best possible testing of plastic materials. Shri Goyal said we all need to ensure that MSMEs get assured supply of raw material to compete and grow. Maximum support from all stakeholders needs to be given to MSMEs as they generate huge employment and support millions of livelihoods. He asked the industry to commit to create capacities to produce the best in India. This ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... would add muscle to India s Atmanirbhar Bharat Mission as well. The meeting was attended by heads of various Industry and Trade bodies of Petrochemical Plastic sector like All India Plastics Manufacturers Association (AIPMA); FICCI; CII; Organization of Plastics Processors of India (OPPI); Process Plant and Machinery Association of India (PPMAI); PLEXCONCIL and Material Recycling Associat ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ion of India besides senior officers of the Govt. of India from the concerned Ministries. Shri Goyal told the participants that Centre is committed to the holistic and sustainable growth of the sector. - News - Press release - PIB Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
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