KARACHI, May 9: Visiting delegation of Indian plastic industry has offered joint ventures in the manufacturing of plastic products and plastic polymers in Pakistan. This offer was made by the leader of the delegation from Organization of Plastic Processing of India, Pradeep Rathod while addressing the members of Karachi Chamber of Commerce and Industry (KCCI) here on Monday.
“There is a great potential for joint ventures in the plastic sector between the two countries and Indian firms can offer technical expertise to Pakistani counterparts,” he said.
He pointed out that Indian plastic industry was well developed and can cater to all the requirements of Pakistani industry besides entering into joint ventures in the manufacture of thermoware, vaccumeware, houseware, writing instruments and moulded furniture and auto parts.
Rathod said that India can also supply plastic injection moulding machines to Pakistan. In his presentation, he said the total export of plastic products from India was $1.129 billion while total investment was estimated at $6.98 billion.
He said more than 22,000 units in the manufacture of plastic and plastic polymers were operating in India with the total turnover of $ 8.146 billion.
Senior vice president of KCCI Mian Abrar Ahmed said that the visit of Indian delegation will open venues for joint ventures. —APP
