EXPO PLAST 2016 in Peru, gate­way to In­dian plas­tic in­dus­try

FICCI Business Digest - - Internacional Initiatives -

The Fed­er­a­tion of In­dian Cham­bers of Com­merce and In­dus­try (FICCI) and the Min­istry of Com­merce, Gov­ern­ment of In­dia, or­ga­nized the In­dia Pav­il­ion at the In­ter­na­tional Plas­tic Expo (EXPO PLAST) in Lima, Peru from May 36, 2016, un­der the Mar­ket Ac­cess Ini­tia­tive Scheme of the Gov­ern­ment of In­dia. Forty eight lead­ing plas­tic man­u­fac­tur­ers from In­dia, across sec­tors, in­clud­ing prod­ucts, raw ma­te­ri­als, equip­ment and ac­ces­sories and aux­il­iary teams and pe­riph­eral com­pa­nies par­tic­i­pated in the 'In­dia Pav­il­ion' of the sev­enth EXPO PLAST. The 'In­dia Pav­il­ion' en­sur­ing 'Qual­ity Plas­tics for the World' was in­au­gu­rated in the pres­ence of San­deep Chakra­vorty, Am­bas­sador of In­dia to Peru.

The EXPO PLAST PERU, the in­ter­na­tional ex­po­si­tion of the plas­tic in­dus­try, served as the

gate­way to the plas­tic in­dus­try and re­lated sec­tors of Peru, one of the fastest grow­ing economies in Latin Amer­ica.

This is the first time that In­dian man­u­fac­tur­ers of plas­tic par­tic­i­pated in a spe­cial­ized Fair of this mag­ni­tude in Peru un­der the In­dia Ban­ner.

The in­dus­try lead­ers from the In­dian plas­tics com­pa­nies were ac­com­pa­nied by rep­re­sen­ta­tives of the Or­gan­i­sa­tion of Plas­tics Pro­ces­sors of In­dia (OPPI), FICCI's sup­port part­ner from In­dia. Large cor­po­rate houses like Xpro, Chiri­pal Group and the Na­tional Plas­tics In­dus­try sup­ported the FICCI ini­tia­tive in Peru.

To en­hance trade and in­vest­ment, two im­por­tant MoUs were signed – an MoU be­tween the 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.

In­au­gu­ral cer­e­mony at In­dia Pavil­ion at EXPO PLAST 2016.

MoU ex­change.

In­dia pavil­ion at EXPO PLAST 2016.

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