Indian plastics consumption is expected to reach 13.9 billion pounds for the current fiscal year, up from 12.8 billion pounds in the previous year, according to Deepak Lewale, secretary general of the Organization of Plastics Processors of India.
Indian polymer and plastics exports are expected to increase by 10-12 percent, to about $4 billion for the fiscal year ending March 31, he said. India has not seen a dip in either exports or local consumption due to the global economic crisis, he said.
The Indian industry has weathered well the crisis, he said in an interview at PlastIndia in New Delhi.
OPPI represents 200 companies in India, which process about 40 percent of the total plastics used in the country.