Financial Daily from THE HINDU group of publications
Sunday, Mar 13, 2005
Financial Daily from THE HINDU group of publications Sunday, Mar 13, 2005 |
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Industry & Economy
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Petrochemicals Increased export of processed polymer urged Our Bureau
Kolkata , March 12 THE Chief Executive of Haldia Petrochemicals Ltd, Mr Swapan Bhowmik, has made out a strong case for increased export of processed polymers. He also outlined the scope for growth of the domestic plastic and polymer industry. At a function here to showcase the potential of PlastIndia 2006, scheduled to be held in New Delhi next February, Mr Bhowmik said: "I expect more exports of processed polymers and less of unprocessed polymers." According to him, the growth rate of the domestic plastic and polymer industry was good but the total domestic consumption at four million tonnes a year was low. "There is tremendous scope for growth since plastics and polymers are replacement items for steel, glass and wood," he said. According to the President of the Indian Plastics Federation, Mr J.C. Agarwal, India's consumption of plastics at four million tonnes a year was poor compared with China at around 25 million tonnes. It is estimated that domestic consumption would go up to 12.5 million tonnes by 2010.
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