The Indian plastics industry covers around 55,000 plastic processing units of which 75% of units are in the small-scale sector. It accounts for about 25% of the total production. The industry consists of 2000 fibre processors, of which 80% are in the small-scale sector. Most of the readymade plastic products dumped in India are coming via under-invoicing. In...more

The Indian plastics industry covers around 55,000 plastic processing units of which 75% of units are in the small-scale sector. It accounts for about 25% of the total production. The industry consists of 2000 fibre processors, of which 80% are in the small-scale sector. Most of the readymade plastic products dumped in India are coming via under-invoicing. In under-invoicing, the importers show lower cost of imports in the invoice and try to save customs, excise and other taxes which makes these products cheaper. The plastic products meet demand of key user industries like automobile, construction, consumer durables etc. Polymers is the basic raw material for manufacturing plastics like poly propylene (PP), high density poly ethylene (HDPE), low density poly ethylene (LDPE), poly vinyl chloride (PVC).  hide