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The acceleration of trade liberalization in the context of accelerated global and regional trade liberalization has contributed to the expansion of the scale of trade in imports and exports and to the promotion of export trade, labor productivity and, ultimately, Income growth.
After the financial crisis in 2008, India's plastic mold industry is indeed a certain degree of impact, especially in key consumer areas such as automotive mold industry demand was sluggish, but with the economic situation improved, the plastic mold industry will be strong growth, the industry's optimism Also more and more high. By 2015, India's plastics production doubles, from an annual output of 7.5 million tons to achieve an annual output of 15 million tons, India will soon become the world's third largest consumer of plastic, plastic mold industry during the exhibition will be ambitious.
India's plastics industry is more dispersed. 5.5 million processing units in about 3/4 of small and medium-sized companies, its production accounted for 25% of total output. About 2,000 (80% of which are small companies) produce textile fibers. The plastics industry is concentrated in the western Indian coasts of Gujarat and Maharashtra, which are close to the raw material suppliers. India is currently ranked eighth in plastic consumption, but it is worth noting that the per capita polymer consumption is only 5-6 kg, well below the international average of 27 kg, is also well below the 17 kg per capita consumption in China Volume, and thus there is a huge potential for development. According to All India Plastics Manufacturers Association predicted that by 2012, India's per capita consumption of plastic will rise to 12 kg. AIPMA had expected double consumption in 2010, but the target was delayed by two years due to a financial crisis and a slump in demand for polymers. The future, household appliances and consumer goods demand growth, will promote the Indian domestic demand for plastics growth. One of the key growth sectors is the packaging industry, particularly food and consumer packaged goods with short shelf-life.
India's packaging industry is still in the early stages of development, the potential is enormous. Moreover, many of India's locally manufactured consumer goods are still sold in very simple packaging. It is noteworthy that most of the Indian polymer extrusion process, rarely used injection molding or blow molding process. Plastic is mainly used in soft inelastic packaging industry, construction, household products, electrical appliances and cables.
India's booming auto industry will boost plastics consumption. According to market research firm Frost & Sullivan predicts that the growth of the Indian passenger car industry has been a direct impetus to the consumption of polypropylene (PP) compound growth. The Indian passenger car market has grown from 200,000 in 2001 to 2 million in 2009, with an average annual growth rate of 13.5%. With the high-volume production of new low-cost cars manufactured by Tata and Bajaj in India, the industry is expected to continue its rapid growth. In fact, many experts believe that India will become the export center of small cars. For example, Tata has been exporting small cars since 2005, while Hyundai Motor and Nissan are also exporting small cars made in India to many importing countries. However, compared with the international consumption, the Indian car in the amount of PP is still low. But with the international car manufacturers such as Volkswagen to India, consumption will now grow from about 35 kg to 55 kg.
Crude oil prices are a challenge for the industry. The price of PP is directly related to the price of crude oil. If the price of PP keeps rising, its cost advantage will be lost. This will make the automobile industry or other industries look for more economical materials to make auto parts. Crude oil price volatility is one of the automotive OEM's biggest concerns, as evidenced by the 2008 financial crisis. In 2010, crude oil prices, such as roller coaster-like changes, from January's crude oil 74 US dollars per barrel in April rose to 85 US dollars, and then to June and fell to 78 US dollars, in August began to rise.
Government of India to encourage the plastics industry to develop new technologies for the industry to provide practical support and concessions. India's Planning Commission has approved the establishment of the country's first Advanced Plastics Processing Technology Center (APPTC), which will be located along the coast of Orissa, India. According to Indian officials, the authority of the Indian Institute of Plastics Engineering Technology (CIPET) will be in accordance with the Indian government chemicals and petrochemical products, the direction of the project supervision. About 70 per cent of Orissa's plastics industry is located in and around Belasore, which is why the Indian government decided to establish a technology center in the coastal area. In the plan, the Orissa government agreed to share 50% of the costs and provide land for the construction of APPTC.
With the deepening of India's economic globalization, India in the development of the domestic market, but also eager to develop export markets. According to the Indian government calculations, the next few years will be here to build more than 100 plastic processing plants and "plastic park." Chemicals and Chemical Fertilizer Minister SrikantJena recently said that the technology center will meet the plastics industry's growing demand for skilled personnel. In fact, APPTC will complement the shortage of highly skilled personnel in eastern Orissa by implementing a variety of time-based training programs in the plastics processing technology sector.
Another attractive area is the availability of raw materials for the plastics industry in the Balasore region, which ensures sustainable development. At the same time in the neighboring port of Paradeep, is also building a petrochemical complex, by the Indian oil company development.
India's consumption-driven economic growth, but also on the domestic plastic mold and machinery and equipment industry to promote the role. India RajooEngineers manufacturing mold for the processing of consumer goods to benefit from strong consumer spending growth. Sunil Jain, president of RajooEngineers, chairman of the Machinery, Tooling and Tooling Council of the All India Plastics Manufacturers Association, has been urging Indian industry to develop export markets because of the financial crisis that has hit major rivals in the US, Europe, Japan and South Korea.
India's machines and molds have a competitive advantage due to strong growth in the plastics industry because they are cheap, although many critics say they are not as advanced as their counterparts in Western countries. But this is the right time for India to sell its products in international markets, especially in Africa, Latin America and the Middle East. On the other hand, the rise in polymer consumption in India will be accompanied by an increase in the demand for machinery and raw materials, semi-finished products and finished products. From 2009 to 2011, about 30,000 sets of new plastics processing equipment will be needed. Billion dollars.
Foreign suppliers of all kinds of plastic machinery are also benefiting from the strong growth of the Indian plastics industry. Indian-German Chamber of Commerce in India, Bernd Steinruecke, said that India is a "very promising" market for foreign machinery suppliers. India's plastics market is growing, and other industrial applications related to plastics applications, such as automotive, aerospace, telecommunications and other needs will also increase the demand for plastic molds and mechanical equipment will be greater.
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