Raw material shortage affecting plastic industry: Experts
   Date :07-Nov-2021

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Business Bureau :
 
The Vidarbha Plastic Industries Association (VPIA) conducted a seminar on ‘Current Market Scenarios in Plastic Industries’ recently. On the occasion the fist speaker Vaibhav Agrawal spoke about availability of raw material availability and said that due to sharp rise in the prices of key raw material polymer on the back of alleged artificial shortage is created by petrochemical companies including some of the public sector units. The plastic industry is one of the worst affected sectors wherein the manufacturers are facing acute shortage of raw material for the past few months. The industry is facing hardship because of raw material shortage which will lead to the closure of many units across the country. The second speaker Kunjan Sarda highlighted the import export freight problems. He said that the freight charges for importing raw material have seen four to five times hike in recent past.
 
The raw material has varied application in the nation building including agriculture, healthcare, food and toy sector. Valuable inputs are given by Pravin Tapadia and Nilesh Agrawal. At the outset, Secretary of VPIA Dr Prashant Agrawal welcomed the speakers and also moderated the session. He introduced the guest speakers and elaborated the expertise of both the speakers on the subject. A question-answer session was also organised in which queries were resolved by the panelist. Suresh Rathi, President of VIA and Rakesh Surana, President of VPIA were also present. The seminar was organised by Vinod Saboo and Sachin Panpaliya. Event was largely attended by VPIA members.