Indian plastics industry officials are looking to build a management and technical training school to combat what they say is a shortage of skilled business managers in the polymers business.
Leaders of the country's PlastIndia Foundation trade group (Booth S4080) are starting an effort to build a $20.4 million educational institute for training industry managers, they said June 23 at NPE2009.
India faces a shortage at the top end of the manpower, said Arvind Mehta, president of the Mumbai-based foundation.
The effort is in the early stages, but Mehta said backers anticipate getting about 50 acres of land from the Indian government in the next few months and plan to continue fundraising efforts.
Though the group has raised only a small part of what is needed, the school could be built within two to three years of PlastIndia getting the land, he said.
The group, which is India's largest plastics industry trade association and also organizes the country's PlastIndia trade show, is seeking partnerships with prominent American polymer industry universities.
Mehta said the academic program could be four or five years long, but details remain undecided. The curriculum would cover machinery technology, materials, mold design and product design.
PlastIndia led a delegation of about 125 visitors and 40 exhibiting companies to NPE, to promote the Indian plastics industry and investment between India and other countries. Mehta said Indian companies are particularly interested in buying or partnering with U.S. companies.
He also said Indian industry will have a strong need for new equipment, roughly doubling its capacity of plastics processing machinery by 2020 and adding 25,000 injection presses, 4,000 blow molding machines and 13,000 extruders.
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