Arvind Goenka Appointed as New Chairman Of ‘The Plastics Export Promotion Council’

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The Plastics Export Promotion Council, the apex trade body for plastics exports recently appointed their new chairman.

The Plastics Export Promotion Council of India (PLEXCONCIL), the apex trade body for plastics exports sponsored by the Union Ministry of Commerce & Industry, Government of India, announced the appointment of Mr. Arvind Goenka (M/s. RMG Polyvinyl India Ltd.) as Chairman.

Mr. Arvind Goenka, Chairman, PLEXCONCIL, said, "Plastics are perhaps one of the most versatile products and are being increasingly used in a wide range of applications. We request the Government to frame an attractive PLI scheme for boosting polymer production and becoming AtmaNirbhar. A PLI scheme is very important to enable manufacturers to invest in plant & machinery and increase their capacity. Backed by strong government support-planned investment of over USD 50 million, as many as 10 plastic parks with state-of-the-art infrastructure are being set up to boost domestic production, employment and achieve environmentally sustainable growth."

He further added, "I have made it my mission to focus on the Council's primary objective of expanding our membership multi-fold in a 50,000 strong processing industry if we are to achieve our US$ 25 billion target. We have also identified 50 specific product groups that have immense export potential. The Council will provide credible information about export markets to its members regularly by way B2B exhibitions, seminars, participation in foreign exhibitions and also by way of setting up warehouses & permanent exhibitions in markets like USA & Europe."

Talking about the key priorities, Mr. Goenka added, "PLEXCONCIL is of the view that the RoDTEP rates for plastics products should be fixed in line with MEIS rates. Indian processors are not at a level playing field when comparing our cost of production to those enjoyed by our competitors in the ASEAN region. Logistics form a very integral part of export cost to plastics' processors and this must be reduced in line with global average to boost our competitiveness. Logistic costs & Electricity costs are very high in India as compared to NEA countries. Either reasonable rates are offered to exporting units or a reasonable RoDTEP rates are fixed to partly compensate the extra costs. Free Trade Agreements need to be renegotiated to boost plastic exports. India's plastics are mainly exported to Europe, North America and WANA region; and we urge the Government to forge a trade agreement with these regions/countries to increase opportunities and recognition for Indian manufactured products in these regions."

Mr. Goenka, currently serves as the Managing Director of RMG Polyvinyl India Limited, which is India's leading producer of PVC Floorings, PVC leather and PVC Geomembranes, a top exporter of PVC floorings.