IANS | 07 Jul, 2023
Commerce minister Piyush Goyal on Friday said that country’s exports
were stalled at around $500 million till 2020, but the scenario has
changed in the last two years and the country has managed to touch the
$776 million mark in the export sector.
Out of the total exports, the plastic industry’s contribution was $12 billion and it has the potential to grow.
“The
sector has the potential to add business opportunities, jobs for young
generation, opportunities in the world and it can help the government to
grow the entire ecosystem of the plastic sector over the next few
years, the minister said while addressing the 2nd Technology Conference
for growth of plastic industry, virtually, held at Mumbai.
Goyal
said that the government is always ready to listen to their suggestions
for the orderly growth of this industry in the near future.
He
informed that two FTAs were finalised with Australia and UAE last year
and currently the government is actively negotiating with many other
countries.
He urged the plastic industry to significantly use
these FTAs and expand their basket, access newer markets and promote
greater exports.
Goyal further pointed out the potential for huge
import in this sector by both UAE and Australia. While underlining the
importance of quality, he said that government is striving for quality
and high standards and will not accept substandard production in this
sector.
Therefore, government is awaiting the suggestions from the
industry to make it more reliable and at par with the global standards
and will implement them immediately.
He assured that the government is very sensitive to the potential of the industry as well as to the problems of the industry.
Goyal
also asked them to identify the ways to contribute to sustainability
and sustainable growth together and how they can contribute to circular
economy and support recycling of plastic waste, reuse of plastic raw
material and make the disposal of plastic waste more effectively and
efficiently.
