CAPINDIA 2018 Expo Concludes In Mumbai

The third edition of CAPINDIA international exhibition featuring manufacturers and exporters in chemicals, plastics, construction & mining and allied industries concluded successfully in Mumbai from 22nd to 24th March.

The event was jointly organised by the four export promotion councils – PLEXCONCIL, CHEMEXCIL, CAPEXIL and SHEFEXIL – under the aegis of the Department of Commerce, Government of India, and supported by Department of Chemicals and Petrochemicals. According to a press note released by the organisers, the event featured over 700 exhibitors and over 10,000 visitors. “CAPINDIA invited international buyers to attend ‘Buyer Seller Meets’ being organised as part of the Government’s MAI Scheme to promote key export segments,” the note informed.

Speaking after inaugurating the expo, Mr. Suresh Prabhu, Union Minister for Commerce & Industry, said that the chemicals and plastics sector exports had registered 22% growth on a year-to-date basis. “As part of the country’s policy initiatives on increasing India’s import-export ratio it is essential to focus on substantially increasing the contribution of foreign trade to GDP,” he said and applauded the initiatives taken by the export promotion councils in this regard.

Mr. A. K. Basak, Chairman, Plastics Export Promotion Council (PLEXCONCIL) pointed out that export of plastics from India has picked up pace. “Based on estimates available from the DGCI&S and Ministry of Commerce & Industry, the cumulative value of plastics export during April 2017-February 2018 was $6.8-bn as against $5.9-bn during the same period in the previous year, registering a growth of 16.3%. We have set ourselves an export target of $8.31-bn for 2017-18,” he was quoted as saying in the press note.

Mr. Satish Wagh, Chairman, CHEMEXCIL, informed that exports of chemicals (including agrochemicals), dyes, cosmetics, toiletries & castor oil during April 2017-February 2018 was $13.8-bn against $10.8-bn during the same period in the previous year, registering a growth of 28.6%.

Mr. R. Veeramani, President, Chemical and Allied Products Export Promotion Council (CAPEXIL) said, “The export target fixed for CAPEXIL products is $16.45-bn for the year 2017-18 which marks a 9.6% growth in exports compared to $15.01-bn in 2016-17”. Mr. S. K. Ghosh, Chairman of Shellac and Forest Products Export Promotion Council (SHEFEXIL), said, “Cumulative SHEFEXIL product exports during April-December 2017 recorded a growth of 23.73% over the same period in the previous year, by securing exports of $1.3-bn”.