: TPMA bullish on growth of plastic industry in TN; to hold IPLAS 2022 in June in Chennai #FinanceIndia #StockMarketNEWS TPMA bullish on growth of plastic industry in TN; to hold IPLAS 2022 in June

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TPMA bullish on growth of plastic industry in TN; to hold IPLAS 2022 in June in Chennai #FinanceIndia #StockMarketNEWS
TPMA bullish on growth of plastic industry in TN; to hold IPLAS 2022 in June in Chennai Chennai, June 7 (KNN) The Tamil Nadu Plastics Manufacturers’ Association (TAPMA) has said that the plastic industry in the state has a potential to grow at a prospective rate of 28 per cent.

“The plastic industry employs nearly eight lakh people, but currently falls behind other industrial states like Maharashtra and Gujarat with an annual growth rate of 25 per cent,” said the association.

TAPMA also announced its International Plastics Exhibition (IPLAS 2022) which will take place from June 10 to 13, 2022 in Chennai with a give a fillip to the State’s plastic processing industry.

Addressing the press conference S. Rakkappan, President, TAPMA, said, the IPLAS exhibition will give a fillip to Tamil Nadu’s Rs 15,000 crore plastic industry which comprises 8,000 factories.

B Swaminathan, Chairman - Environment Committee, TAPMA said, “Usually the plastics industry grows about 1.5-2 times the GDP of the country or the state. However, the industry has grown only at about 5 percent while Tamil Nadu’s GSDP registered an impressive 14 per cent growth in 2021-22.”

The association further stated that the industry will create lakhs of new jobs and add to the overall prosperity of the state. (KNN Bureau)

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