Chemicals & Plastics Sector to accomplish 15 percent growth in 3 years: Ananth Kumar
New Delhi, India: The chemicals & petrochemicals and plastics industry has grown around 12 per cent this year, defying all claims of a slowdown in the economy post the demonetisation drive, according to Ananth Kumar, Minister for Chemicals & Fertilizers. Speaking at an awards function for technology innovation in petrochemicals and downstream plastics processing industry, the Minister said, "In the next three years, this sector would achieve 15 per cent growth.

Central Institute of Plastics Engineering and Technology (CIPET) had organised the awards function in New Delhi. Ananth Kumar mentioned, "The institution is playing a pioneering role in skilling the youth of India, who in the times to come would be the torch bearers of the Skill India, Start-up India and Make in India missions of the government in this sector. The government has already increased the number of CIPETs from 23 to 39 in two and half years and is determined to take this number to 100 as per Prime Minister Narendra Modi's vision. Due to the efforts of CIPET, for the first time in elections, the containers for electronic voting machines(EVMs) were made of plastic instead of metals, which made them light, durable and easy to carry to far flung areas." Talking about the challenge of plastic waste management, Kumar said, "Plastic is both an opportunity as well as a challenge, which needs a special strategy and a behavioural change in the common man to sustainably use it for the advantage of the masses. Biodegradable plastic is the ans wer to this challenge ."

He noted that the award scheme incentivises meritorious innovations and inventions in the field of polymeric materials, products, processes and other areas of national and social importance.

The national awards are given for outstanding contribution to R & D leading to less energy consumption, better plastic waste management, increase in product life cycle, development of innovative new products, quality standards, recycling and other emerging areas. These awards are also intended to enhance innovative capacities to the level of international recognition. The ultimate objective is to develop and maintain the petrochemical industry as a globally competitive industry using eco-friendly processes & technologies.