Learn about the companies from the Rubber and plastic industry plant and equipment Sector in India

The growth in the plastic industry of India is quite apparent. A number of foreign investors are entering into the market who are keen on making heavy investments here. This is because of the availability of raw material on a large scale. The labour is available at cheap prices and it is cost effective. Also, favourable market within and outside the country is available at disposal.
The machinery available here comes with international technology that is also operated by qualified and well-trained engineers. Plastics find application in various products and mostly in the packaging sector, and that is why there is a huge demand for plastics. Rubber and plastic are quite important for exports.
The Indian rubber industry has been growing along with the strength and importance, as a part of India’s burgeoning role in the global economy. India is the world’s largest producer of rubber and third largest consumer. The growth rate of this industry is stable at 8 to 9 per cent per annum.
The rubber industry is very old and traditional. It dates back to 1902. Since then, farmers have utilised it to their advantage and today it is a flourishing sector. The rubber industry has 6000 manufacturing units of small, medium and large-scale industries and a turnover of $ 5.6 billion. The employment provided by the sector is up to 4 lakhs. Various related industries are attached to the rubber industry in one way or the other.
The government is proactive when it comes to rubber and plastic industries. Government policies play a significant role to help the industry grow and expand. There are development plans that will add value to the industry and help in providing infrastructure and production. There are plans for quality petrochemical products at competitive prices with eco-friendly technologies.
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