Plastics and Polymers Driving Economic Growth through Plastics
The Indian plastics industry is at par with its global counterparts. It has been growing at an increased pace despite challenging economic conditions. President, PlastIndia Foundation and Managing Director, Kadakia Plastics & Chemicals, Subhash K Kadakia talks about the industry and how it can boost the growth of other sectors in the country... Discover the views of an industry stalwart on the current scenario of the plastics industry!
PROCESS: Indian plastics exports have grown at a rate of 19.9 per cent since 2007–08. How does PlastIndia Foundation help to retain this rate of growth?
SUBHASH K KADAKIA: PlastIndia Foundation takes up various initiatives with the common objective to promote the growth of plastics industry and assist the development of plastics and related materials and products. The use of plastics has gained prominence in almost every sector from consumables to architecture. The International Plastics Exhibition & Conference, for instance, is a key activity in helping promote latest innovations and technology for growth.
This exhibition is organized once every three years. The Plasticulture is another initiative, amongst others, by the Foundation to showcase the use of plastics in agriculture and communicate its benefits to the sector. The initiative has been to create a special vehicle to demonstrate the use of plastics in natural resource management (NRM), which enables conservation of water – a very important facet of agriculture.
This is done through the use of micro-irrigation systems and other Plasticulture innovations creating a direct impact on the agricultural produce of India; enhancing the shelf-life of yield; and thereby becoming an integral part of the second Green Revolution in India and leading to sustained promotion of plastics in the field of agriculture.
PROCESS: How does the Foundation help in honing the right talent? Are there any initiatives being taken?
KADAKIA: Another venture that the Foundation is pushing for is attracting the right talent. To ensure this, a unique initiative is being taken by the industry for upgradation of manpower. There is no academic institution, currently, that has addressed need of polymer segment and its processing fundamental needs. ‘PlastIndia International University’ will be the first-of-its-kind initiative, which will encompass fundamentals, practical knowledge, hands-on training, research and innovation and right to intellectual properties.
Trained graduates will be able to contribute to polymer industry as they will be trained for industrial needs from day one. The university will have a graduate and masters program, with a research facility for about 1,200 students. The total cost estimated for this project is about `150 crore.