From the Presidents Desk
Vol No. 13, Issue No. 11, May 2025
Dear Members,
Greetings from Organization of Plastics Processors of India!
The International Monetary Fund (IMF), in its World Economic Outlook (WEO) report released in April had said India is expected to be the fourth largest economy in the world with GDP of $4.19 trillion in 2025, ahead of Japan.
According to Niti Aayog, in order to achieve the goal of a Viksit Bharat by 2047, an overall framework for strategic interventions and reforms based on six key building blocks, with a total of 26 themes covered across all the building blocks have been identified. The six key building blocks include – Macro-Economic Goals and Strategy; Empowered Citizens; A Thriving and Sustainable Economy; Technology and Innovation Leadership.
Total plastic exports from India touched $12.5 billion in 2024-25 against $11.5 billion in 2023-24, recording a growth of 8.70 percent.
Plastic films and sheets saw a growth of 15.9 per cent, increasing from $1,750 million to $2,028 million; while woven sacks, woven fabrics and tarpaulin grew by 16 per cent to reach $1,571 million, upfrom $1,355 million.
Floor coverings, leather cloth and laminates recorded an increase of 9.9 per cent, totaling $762 million compared to $693 million in the previous fiscal. India’s plastics export markets include the US, China, the UAE and Brazil.
Global plastic trade is worth $1300 billion, but India’s exports are only $12.5 billion, just 1.1% of the global share.
It is observed that 21 countries are importing more than 70% of plastics products on HSN Code basis across the world.
I appeal to all OPPI members to concentrate on exports.
K 2025 is scheduled from 8th – 15th October 2025 in Dusseldorf, Germany. The hot topics of K2025 are-Circular Economy and Digitalisation.
Organization of Plastic Processors of India has tied up with Tibro Tours for K 2025 packages.
All Companies booking Tibro Packages for K 2025 through Organization of Plastic Processors of India will be eligible for special discount.
With Best Wishes,
Pradeep Rathod
President, OPPI