Telangana proud of plastics industry, says Jayesh Ranjan

The plastics expo will be held in Hyderabad from August 3 to 6 and will see participation from different companies from the industry.

By Author  |  Business Bureau  |  Published: 11th Jul 2018  10:45 pm
Plastics
Telangana principal secretary (industries) Jayesh Ranjan (centre) at the curtain raiser of Plastics Expo to be held from August 3 to 6 in Hyderabad.

Hyderabad: At a time when other States in India are banning the use of plastic, the Telangana government is looking at responsible disposal of plastics and believes that the problem of littering needs to be addressed and banning is not the solution.

Announcing the plastics expo – IPLAST 2018 – Jayesh Ranjan, principal secretary (industries), said, “Plastics is the oldest industry in the State and Telangana is proud of the industry. Over the years, particularly in the last four years, the industry has shown remarkable progress. Three lakh people are provided employment by this industry and there is a 50 per cent increase in the consumption of raw material by the industry.”

He added that Plastics is an industry with low entry barrier and different community people progressed well in this industry. “The Telangana and Andhra Pradesh Plastics Manufacturing Industry have put forward couple of demands and we have met most of them. As they wanted an exclusive park for Plastics, we have come up with Model Plastic Park. And with the remaining 100 acres land at Mankhal-Thummalur will be allocated to SMEs,” informed Ranjan.

The plastics expo will be held in Hyderabad from August 3 to 6 and will see participation from different companies from the industry. The four-day International Plastics Expo will feature 350 plus exhibitors and attract 30,000 business visitors. It is expected to generate $100 million business.

Speaking on the occasion, Gowra Srinivas, president, FTAPCCI said, “Imagining a world without plastics is nearly impossible. Plastics are increasingly used across the economy, serving as a key enabler for sectors as diverse as packaging, construction, transportation, healthcare and electronics. The global production is surging from 15 million metric tons in 1964 to 311 million metric tons in 2014 and is projected to double to more than 600 million metric tons in the next 20 years. That means, their use has increased twenty fold in the past half century and is expected to double again in the next 20 years.”

Srinivas added that the society must create an effective after use plastics economy and that will become the new cornerstone of the new plastics economy.