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Hyderabad has great growth potentiality of plastic industry
The South India that too Hyderabad identified has great growth potentiality for plastic industry. Presently there are about 8,000 plastic units in Andhra Pradesh and Telangana states, of which over 6,000 located in and around Hyderabad city with an turnover of Rs 600 crore. It is expected to have growth potentiality of about 20 per cent per year.
South India's business potential is put at US $ 2.6 billion. The projected consumption of plastic is put at 2.5 million tons per annum. The growth of polymer consumption is 18-20 per cent in Telangana and Andhra Pradesh states alone. The present processing capacities is put at 1.2 million tons per annum and there is a scope for additional processing capacities of 1.3 million tons per annum. That shows almost more than double of the present capacity. The market forecast for new processing machines is put at US $ 2.6 billion, says V Anil Reddy, Convenor of IPLEX -14.


The positive market indicators of South India are it is growing faster than India. All major automobile manufacturing companies are based here. Even their ancillary units – auto components manufacturers are also located here. Creation of a new industrial corridor – Chennai – Bangalore, abundant capacities of new Petrochemical and Polymer can be found in South India only.


The production of natural gas in KG basin and prospects for large downstream units in and around of South is more. Large government spending for micro irrigation and water conservation using plastics, excellent academic institutions, world class management institutions all go in favour of Southern region.


Till recently plastic has been seen as a bane and a dangerous entity harming our environment. But offlate it has been identified as a boon to India's economic growth having vast potential for growth. The Government of India has also identified it as one of the growth engine for rapid economic growth of the country.


This was reflected at the overwhelming support received for the IPLEX – International Plastics Exposition recently held in Hyderabad. This was organized by Plastic Associations of Telangana and Andhra Pradesh states, besides Associations of other southern states. It is said it was the biggest exhibition so far held in the south. As many as 220 participated in the exhibition from all over the country, apart from international participation from countries like Japan, Singapore and Taiwan.
Presently India producing 11 mln tones plastic items annually, which is projected to reach 20 mln tones by 2022? That shows almost it would be doubled in seven to eight years, which would have immense impact on the growth of our economy.


Recognising the vast growth potentiality of plastic industry in and around Hyderabad, Union Minister for Chemicals and Fertilizers Ananth Kumar, who inaugurated the exhibition announced to establish `Plastic Park' in Telangana state.


In this regard, it is being recognized by all on the need to wipe out myths spread in the society that plastic is harmful to environment and plastic waste is said to be major harmful wastages that our urban areas now facing. But various studies proves that plastic is most environment friendly and it contributes only about 6 per cent of our municipal waste (MSW) in large metros. It is not of plastic disposal, but of garbage disposal and littering causing more harm to the environment.


Plastic is identified as 100 per cent recycling commodity. Now it is the time for the industry to ensure complete recycling of their products. Union minister Ananth Kumar urged the industry to cultivate `Plastic Social Responsibility' by taking responsibility of total recycling of plastic waste.


On the government part, he said he is proposing to take up a big national campaign as part of prime minister Narendra Modi's Vision of `Clean India Campaign' by setting up `water to compost' units in more than 500 cities all over the country.


Morever, plastic conserves least energy. It shows that the energy it needs to manufacture a plastic bag is 86 per cent less that of a glass and 81 per cent that of a jute bag. Moreover, plastic can be recycled completely unlike other wastages.


Plastics calorific value is also higher than other energy sources. Contaminated plastic is useful in place of coal to generate fuel  and also for making roads. All kind of mixed plastics can be used for the construction of asphalt road, it can be co-processed in cement kilns as a source of energy and can be converted into Hydrocarbon fuel, he added.
Editorial NOTE: This article is categorized under Opinion Section. The views expressed in this article are solely those of the author and do not necessarily represent the views of merinews.com. In case you have a opposing view, please click here to share the same in the comments section.
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