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>Plastics consumption upsurge continues/Petrochemical centres under construction/Processors troubled by price hikes and profit stagnation/Booming infrastructure propels spending
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Plastics consumption upsurge continues/Petrochemical centres under construction/Processors troubled by price hikes and profit stagnation/Booming infrastructure propels spending
Encouraged by continuously high growth,India's plastics industry has increasingly been asserting itself in the market.The significant potential of this segment of Indian industry was noted at this year's specialist events such as "Plastvision India" and "IPLEX 05".In 2007,Indian plastics consumption is predicted to hit 7.3m t.After 2010,annual demand is expected to amount to more than 12.4m t,which would make India the third largest consumer nation after the US and China.
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