Chemicals & plastics sector to achieve 15% growth in 3 years: Ananth Kumar

The chemicals & petrochemicals and plastics industry has grown around 12 percent 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 percent growth.”

Central Institute of Plastics Engineering and Technology (CIPET) had organised the awards function in New Delhi. Ananth Kumar commented, “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.”