FDI in composites industry to reach Rs 1,000 crore

摘要

The foreign investment in the composites industry,which is currently around Rs 700 crore,is set to cross the Rs 1,000 crore mark in the next four to five years.This forecast was recently made by Pradip Thakkar,chairman of the International Conference & Exhibition on Reinforced Plastics (ICERP).The world reinforced plastics industry is estimated at about 85 billion and there is a huge untapped market for reinforced plastics in India.It is estimated that the volume would go up to 8,00,000 tonne by 2020.