Modi Govt Focusing on Promoting Innovation, Research & Development

GG News Bureau

New Delhi, 4th Feb. Union Minister of Chemicals & Fertilizers, Dr Mansukh Mandaviya said, “India not only provides robust technical expertise and a big market but the values it holds while doing commerce. We differentiate well between commerce and service towards nation and we thus, prioritize benefit for all rather than few. This also allows us to harmonize the welfare of our citizens along with development of industries too.”

He added, “This conclave is one such step where I encourage all the stakeholders to understand India’s ethos and invest in our growth story.”

He said this at the CEO Conclave at PLASTINDIA 2023.

The conference saw the presence of over 90+ CEOs of the Plastic Industry from both India and abroad.

Exhibitors from more than 45 Countries of the world as well as more than 2,00,000 Business Visitors across the world are expected to visit.

Speaking on the occasion, Dr. Mandaviya stated that “these brainstorming sessions are important for exchanging ideas and best practices. It will bolster the ecosystem of stakeholders involved in the plastic industry.” Informing about India’s advantages to the participants, Dr. Mandaviya said that “the country boasts a strong and impartial legislative structure along with favorable manpower and technical expertise.”

He said that “the present government is focusing on promoting innovation, research & development. This has led to over 100 unicorn startups flourishing in the country, a favorable ecosystem for new businesses and a rising economy.”

“India provides a big market as the consumption power is increasing along with a rising middle class”, he further added.

Reiterating the vibrant support by the government, Dr. Mandaviya stated that “the present government has a strong decisive approach and a long-term vision under the leadership of our Hon’ble Prime Minister. This long-term vision of the government has facilitated policy flexibility and creation of roadmaps in each sector as India enters the Amrit Kaal. Similarly, the plastic industry’s roadmap has also been created after wide and crucial consultations with local and international stakeholders and will help in long term policy support, investment as well as export promotion”.

“The recent comprehensive budget catering to all sections of society is a result of such crucial consultations and government being perceptive to its people” he further added.

Dr. Mandaviya finally encouraged the investors to invest in India and assured that strong support will be provided by the government so that the growth story of India continues.

He was hopeful that these meetings and consultations will create opportunities to showcase India’s capabilities and will help in facilitating growth of the Indian Plastic Industry.

Dr. Mandaviya also visited the stalls at the exhibition where he interacted with CEOs of firms comprising Innovations and R&D, Processors, Recycling and brand owners.

Arun Baroka, Secretary (Ministry of Chemicals & Fertilizers), Jigish Doshi, President, PLASTIndia, Ajay Shah, Chairman NEC along with Industry players such as dignitaries from major Industry groups like Supreme Industries, Kabra Extrusion Technique, Brückner group, Lohia group, Reifenhäuser GmbH & Co. KG Maschinenfabrik, Windmöller & Hölscher, Jindal Polyfilms, Fanuc India, Borouge, Jain Irrigations, Henkel, Reliance group, Haldirams, Creative Plastics, Speciality Films, Alliance to End Plastic Waste, and others participated in the event.