Presidents Desk
From the Presidents Desk
Vol No. 13, Issue No. 07, January 2025
Dear Members,
Greetings from Organization of Plastics Processors of India!
The Union Budget 2025 – 2026 will be presented by the Finance Minister on 1st February 2025.
I expect the following proposals to be introduced in the Union Budget 2025 – 2026:-
- Increase in the customs duty on the import of plastic products from 10% to 20%.
- Generating demand through income tax cuts, higher public spending and job creation by providing a thrust to small businesses.
- Reduction in personal tax on income up to Rs. 20 lakh to generate more demand and also slash the excise duty on fuel to cool down inflation.
- Government’s thrust on public capex on physical, social and digital infrastructure to maintain the growth momentum.
- Ease of credit flow to MSMEs.
- Skilling and making life easier through presumptive tax mechanism for small businesses.
OPPI has organized visit to CIPET, Chennai and also to the plant of Shibaura Machine India Pvt. Ltd., Chennai on 11th April 2025. The objective of this visit is to ease the process of sourcing the Plastic Engineers / Technologists. CIPET conducts various courses to meet the requirement of Plastic Engineers / Technologists. I appeal to all members to participate in this visit and seize this opportunity of visiting CIPET, Chennai.
At Shibaura, the participants will be able to observe best practices in manufacturing and automation. They will also gain first-hand exposure to various innovative and good practices that augment the quality and adapt technology to suit the needs in India.
OPPI has also organized delegation to Qatar from 20th April 2025 to 24th April 2025. The advantages of establishing plastic processing factories in Qatar were mentioned in my December 2024 message.
With Best Wishes,
Pradeep Rathod
President