News On Projects
Products & Services
Projects Database
Tenders Database
E - Newsletter
EPXonline.com
Project Financing
Contracts & Awards
Energy
Electricity
Mining
Oil & Gas
Infrastructure
Airport
Port
Railway
Road
Freezone
Construction
Manufacturing
Cement
Engineering
Automobile
Plastic
Metal
Textile
Paper & Packaging
Leather
Sugar
Edible Oil
Electrical & Electro
Processing
Chemical
Drugs & Pharma
Fertiliser
I-C-T
Communication
IT
Telecom
Water
Pump Station
Water Treatment
Water Supply
Hospitality
Hotel
Restaurant
Resort
Entertainment
Sports
Multiplex
Theme Park
Food & Beverages
Hospital
Service
Social
Science
Irrigation
Government
Policy
Economic Indicators
Company News
Commerce
Miscellaneous
News Uploaded On : Saturday, May 14, 2016 12:20:00 PM IND Back  |  Latest Projects  |  Latest Tenders
 
 E-mail this to a friend        Printable version       Story Viewed 584 Times
Indian plastic manufacturers eye Peru to expand exports.
Indian plastic manufacturers from across sectors, including products, raw materials, equipment and accessories and auxiliary, are exploring business opportunities in one of the Latin America’s fastest growing economies, Peru. As a part of this strategy, nearly 48 leading plastic companies participated in the Expo Plast, which was held from May 3-6, 2016 in the Peruvian capital Lima. The expo serves as the gateway to the plastic industry and related sectors of Peru.

To enhance trade and investment, two important agreements were signed – an MoU between the Organisation of Plastics Processors of India (OPPI) and APPIPLAST (the Peruvian Association of Plastic Industry) and the other between FICCI and the Lima Chamber of Commerce and INCHAM. India and Peru are currently looking to sign a Free Trade Agreement (FTA) to take the bilateral trade from $1.5 billion to $2 billion.

The Expo Plast Peru provided Indian companies an opportunity to explore Peru’s $ 2.5 billion market for plastics and allied products which meets most of its needs through imports. Peru is ranked 42nd globally and 3rd among Latin American countries in terms of ease of doing business. Indian companies can leverage on Peru’s various Free Trade Agreements and alliances which gives easy access to the entire Latin American region and specifically to the Pacific Alliance countries which offer a market of almost 220 million people and contribute almost 60 per cent of Latin America’s global trade.

India has a thriving plastics industry which has expanded at 8 per cent CAGR over the last five years to reach 8.5 million tonne per annum (TPA) and Indian companies have emerged as world class plastic manufacturers serving not just the household consumer durables and packaging sector but also infrastructure, healthcare, agriculture, automobiles and electronic goods.

BS

Post your comments:

Your name: *
E-Mail Id:
E-mail ID will not be published
Comment: *
Maximum 500 Characters
    
Related Stories
Kolon Plastics and BASF to form JV for polyoxymethylene in South Korea.
Corbion to open bioplastic PLA plant in 2018.
Jindal Films to expand BOPP films capacity in Italy.
RELATED PROJECTS & TENDERS
ADVERTISEMENT
MOST POPULAR STORIES NOW
For all enquiries please contact
Tel: 022 - 25961254, 25960909
Mobile: 9821464666/09751178830
Mail: marketing@newsonprojects.com

OUR OTHER PRODUCTS & SERVICES:    Projects Database   |   Project e-Newsletter   |   Tenders Database   |   Commissioned Power Plants   |   Company Index
About Us   |   Contact Us   |   Terms of Use   |   Advertise with Us   |   Privacy Policy   |   Disclaimer   |   Feedback