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Chennai: Plastics processing sector producing plastics goods for food processing agriculture toys healthcare pharma automotive infrastructure and consumer segments and belonging to micro small and medium enterprises sector are facing acute raw material shortage that may lead to the closure of several thousand units across the country. The plastics processing sector has sought immediate government intervention to ensure raw material supply by Indian petrochemical companies and free imports of raw material that are not produced in the country. “The industry is facing acute shortage of polymers the main raw material for plastics goods production which has varied application in nation-building including Agriculture Healthcare Food sector and Toy sector” said Chandrakant Turakhia – president of The All India Plastics Manufacturers Association. “The increase in raw material costs and its acute shortage in market is leading to escalation in project costs and is adversely impacting the cost competitiveness of MSMEs” said Arvind Mehta chairman Governing Council of The All India Plastics Manufacturers Association. Indian Oil GAIL OPAL Haldia Petrochemicals MRPL to streamline supply of raw materials in adequate quantity to the MSME sector at fair prices.
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