PLASTINDIA 2006
“Access
Opportunities” for
Bottom-line Growth
Integration of global markets and healthy
outlook for world economy offer immense
potential for plastics industry. PLASTINDIA
2006 is an opportunity to access this for
business, networking and sustainable bottomline
growth.
Rapidly integrating global markets
and stable outlook for
world economy offer healthy
prospects for plastic industry. Major
contributor to future growth would be
sustained economic developments in
India and China. These large markets,
comparable in size of their population,
would hold the key to future growth
of global economy.
Macroeconomic reforms initiated
in India during early nineties have
started showing results. During past few years the country has
been witnessing high
GDP growth. This, with
leadership in major agricultural
and industrial
commodities, has catapulted
India into second
position
amongst world’s
growing economies.
Increasing disposable
income, easy access to goods and
services meeting global standards,
proclivity to spend are all leading to
“Explicit Consumerism”. By 2010 over
a billion Indians would have annual
income in excess of US$ 1,000. Nearly
200 million more will join the productive
age group by 2013 resulting in a
quantum leap in Indian consuming
class. This is a huge market to excite
global player into participating in this.
Global competitiveness in terms of
productivity and intellectual capabilities
has transformed India into a strong
manufacturing base and a global
“Knowledge Hub”. India has also
emerged as a leader in global cost and
quality. It is amongst the leading entrepreneurial
hotbeds globally (2nd most entrepreneurial
nation in the world).
India has emerged as one of the most
attractive off-shoring location on the
basis of lowest average cost (McKinsey
Quarterly 2005). In a recent study conducted
by AIMA and BCG, India
emerged as a leader in quality and availability
of manpower based on parameters
like productivity, cost and English
language skills.
India is also the #1 destination for
retail trade. This sector is witnessing
rapid growth with most of the global
....contd.
TO
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