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PlastIndia: Higher Growth Will Return Next Year; Plastics Consumption to Double

3:41 AM MST | February 3, 2012 | Natasha Alperowicz in New Delhi

Delegates to this year’s PlastIndia triennial plastics show and conference currently taking place in New Delhi, were told about the challenges and the huge opportunities that the Indian plastics sector offers. India’s per capita consumption of polymers is still 6 kg, well below China at 22.8 kg and the world average of 24.6 kg, said S. Mitra, executive director/petrochemicals at IndianOil. Consumption in India is expected to double by 2015 but that would require the investment projects already announced to be implemented quicker than they are, he...

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