SEPTEMBER, 202519INDUSTRY OPINIONBOOSTING INDIA'S PLASTIC EXPORTS THROUGH STRATEGIC TRADE AGREEMENTSIndia's plastic industry has emerged as a dynamic and rapidly growing sector, contributing significantly to the country's manufacturing output, employment, and international trade. With a diverse portfolio en-compassing raw materials, semi-finished goods, and fin-ished plastic products, India is well-positioned to become a global plastic manufacturing and export hub. However, to fully realize this potential, strategic trade agreements (STAs) play a critical role in enhancing market access, re-ducing trade barriers, and strengthening India's competi-tiveness on the global stage.India's Plastic Export LandscapeThe Indian plastic industry exports goods worth over USD 10 billion annually to more than 200 countries, showcasing its global reach and diversified capabilities. The export portfolio includes a wide range of products from raw materials like polypropylene and polyethene to finished items such as packaging films, household products, moulded components, and precision parts used in the automotive, electronics, and healthcare sectors.With robust manufacturing capabilities and a culture of innovation, India is well-positioned to expand its presence in global markets. Strategic trade agreements are key to unlocking greater potential by easing tariffs, simplifying customs procedures, and creating smoother access to high-growth economies. These partnerships can significantly enhance India's export competitiveness and further elevate its standing in the global plastics trade.Strategic Trade Agreements: Catalysts for GrowthStrategic trade agreements are formal accords between countries designed to promote trade by reducing tariffs, eliminating quotas, and aligning standards and regulations. For India, such bilateral, regional, or multilateral agreements serve as tools to improve access to high-potential markets and level the playing field for domestic manufacturers.Strategic trade agreements such as the India-UAE Comprehensive Economic Partnership Agreement (CEPA), the India-ASEAN Free Trade Agreement, and the India-Australia Economic Cooperation and Trade Agreement (ECTA) enhance India's plastic export potential. The Sribash Dasmohapatra, Executive Director, PLEXCONCILSribash Dasmohapatra, Executive DirectorA dynamic professional with over 30 years of experience with various reputed organizations for strategic business growth & expansion, establishing of systems and procedures and growing revenue streams, Sribash has been helming The Plastics Export Promotion Council as Executive Director since 2017. He has previously held several prominent positions, including Executive Director at the All India Gems & Jewellery Trade Federation, Director and Consultant at the Gem & Jewellery Export Promotion Council (GJEPC), Advisor and General Manager (Corporate Affairs) - Intergold/Rosy Blue Group of Companies, and Advisor - Honorary Consul of the Republic of Armenia in Mumbai.
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