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5th Editon of CAPINDIA 2019 organised under the aegis of the Department Of Commerce Union Ministry of Commerce and Industry Department of Chemicals and Petrochemicals

02 Dec 2019

Smt. Meeta Rajivlochan, IAS, Additional DGFT, Mumbai, who was the Chief Guest at the event, speech, said, "Plastics sector has grown up by over 16 percent on FY'19, from over $15Mn to $19Mn, however there is still further lot of scope to grow our exports further. India has largest base of scientific and IT qualified professionals, however the IT solutions are offered offshore to international countries to the domestic consumption in countries abroad. The MSME sector which employees to over 445 Mn workforce which is over 72 percent of working population in India. The IT solutions, Internet of Things and Artificial Intelligence is yet to be implemented in its full scale in the MSME sector."

Mr. Ravish Kamath, Chairman, PLEXCONCIL, said, “5th CAPINDIA 2019 is a very significant calendar event for international buyers, who can meet existing and new aspiring Indian exporters including MSMEs. Globally plastics is a 1 trillion-dollar economy and this is just enough to demonstrate the vast potential that the segment holds for our fraternity. The plastics industry in India today, is one of the most significant contributors to the world’s economic development and its application has diversified to include a variety of key segments such as automotive, construction, electronics, healthcare, textiles, FMCG, and more. India is exporting to more than 210 countries, across the globe and India’s plastics industry employs over 5 million people and comprises over 50,000 manufacturing units. The developed western markets are ripe for disruption and with nearly USD 15 billion Chinese exports in chemicals and plastics subject to US tariffs, India is set to gain market share in the US market.”

Mr. Ajay Kadakia, Chairman, CHEMEXCIL, said, “Indian chemical industry is currently valued at around USD 163 bn and expected to touch USD 325 bn by year 2025.  The export performance of CHEMEXCIL’s items for the period April to March, 2019 was USD 19091 million as against USD 15927 million of the corresponding period of last year, registering a growth of around 20%.  In the current year, the exports have increased by 0.68% i.e. from USD 10986.44 million in April-October, 2018 to USD 11060.97 million in April-October, 2019.” He further added, “MSME exporters are concerned about existing export incentives and recent Trade Remedy measures initiated on import of basic inputs. Exporters also seek clarity on the proposed RoDTEP scheme and forthcoming Foreign Trade Policy which will auger well for exports."

Mr. R. Veeramani, President, CAPEXIL, said, “The export target fixed for CAPEXIL products is US$ 25.57 billion for the year 2019-20 which marks a substantial growth in exports compared to US$ 22.24 bn in 2017-18. The Capexil’s Product Sector contains different group of products broadly Mineral and Non-Mineral Sector.  Exports of Minerals and Ores have grown 9.39% and Non-Minerals Products have grown 22.42% respectively compared to 2017-18. The top five export destination for Minerals and Ores products are China, Malaysia, Korea Rep, Turkey and USA, during 2018-19.  The major five export destination for Non-Mineral products are USA, UAE, Saudi Arabia, Nepal and Turkey. The main products being exported under Chemical based Allied Products during 2018-19 are Aluminium Ingot, Auto Tyres, Granite, Graphite Electrodes, Paper & Paper board, Ceramic Tiles, Iron Ores, Calcined Alumina, Furniture and Pigments & Colouring materials.  The Chemical based Allied sector assumes significance as it contributes over 7 per cent in the country's total merchandise exports.”

Mr. Ashvin K.Nayak, Chairman, SHEFEXIL, said, “The importance of such a mega networking and sourcing fair such as CAPINDIA 2019 on Indian soil can be gauged from the fact that since the global demand pattern for goods and services in general is showing a downward trend, this could be a tremendous opportunity for Indian manufacturing sector to turn the attention of discerning international trading community towards Indian capabilities. On the need to push manufactured products’ sourcing from India, I strongly feel that events like these assume great significance considering the present global economic scenario:. He felt that the need of the hour was  to find ways to scale up trade collaborations and create a world class networking event in India to benefit Indian industry and particularly export of India-specific value-added forest products promoted by SHEFEXIL. Indian manufacturers should capitalise on such events through greater participation in the proposed Buyer-Seller meet at CAP INDIA 2019.” He added, “SHEFEXIL products’ exports grew by 11.59% in 2018 as compared with 2017. “If we consider Panel-wise exports, export of all Panels showed a growth in 2018, except the Other Vegetable Materials (OVM) panel”. According to him, the principal export market for Shellac Wax was Germany and Nigeria in 2018. In case of Lac Dyes, India’s export markets in 2018 were Korea and Taipei-Chinese.”