Mumbai, 2nd December 2019: Existing and new budding Indian exporters are directly engaging with more than 400+ international buyers from 48 countries during the Reverse Buyer-Seller Meets (RBSMs) at the fifth CAPINDIA Expo – India’s largest sourcing and networking event for plastics, consumer & packaging materials, chemicals, building & construction material, mining & mining products, allied machinery, shellac, forest and allied products.
CAPINDIA 2019, which is organised under the auspices of the Union Ministry of Commerce & Industry, was inaugurated by Smt. Meeta Rajivlochan, IAS Additional DGFT, Mumbai in the presence of Shri Ravish Kamath, Chairman – PLEXCONCIL, Shri Ajay Kadakia, Chairman – CHEMEXCIL, Shri R. Veeramani, President – CAPEXIL & Shri Ashvin K Nayak, Chairman – SHEFEXIL. CAPINDIA Expo 2019 is being organised under the aegis of the Department of Commerce, Union Ministry of Commerce & Industry, Government of India (GOI), supported by Department of Chemicals and Petrochemicals, GOI, and organised jointly by PLEXCONCIL, CHEMEXCIL, CAPEXIL & SHEFEXIL. This expansive ‘Made In India’ showcase of India’s manufacturing capacities and capabilities (including its abilities to service overseas markets) is being held from 2nd to 4th December 2019 at the Bombay Exhibition Centre, Goregaon, Mumbai.
CAPINDIA 2019 is hosting international buyers from Nigeria, Ethiopia, Tanzania, Kenya, Uganda, Ghana, South Africa, Zimbabwe, Mauritius, Burkina Faso, Vietnam, Fiji Island, Singapore, Indonesia, Myanmar, Thailand, Malaysia, Russia, Ukraine, Kyrgyzstan, Uzbekistan, Tajikistan, Azerbaijan, Belarus, Chile, Guatemala, Brazil, Mexico, Tunisia, Saudi Arabia, Oman, Jordan, Sudan, Egypt, Iran, Iraq, Lebanon, Palestine, Kuwait, Algeria, Syria, Yemen, Qatar, Nepal, Bangladesh, Sri Lanka, Afghanistan, Australia, New Zealand and Vietnam amongst others.
The 3-day exhibition is spread over 10,000 sq. mt. and hosts 400+ manufacturers/exporters, who will showcase hundreds of products to overseas buyers from 48 countries a range of Plastics, Consumer Items, Packaging Items, Plastics Processing Machinery, Chemicals, Dyes, Intermediates, Industrial & Agricultural Raw Materials, Construction Materials, Mining & Mineral Products, Shellac, Forest and allied products amongst others. It has Buyer-Seller meets for exhibitors; Branding and Partnership Opportunities; and Industry Related Seminars. 5th CAPINDIA 2019 is attended by Domestic & Overseas buyers, International Agents and Distributors seeking market representation from Indian exporters, End Users seeking raw materials for captive consumption, Private Label Buyers, Merchant Exporters, Industrial and Marketing Consultants, Central and State Government Departments & Agencies and many more. More than 7,000 visitors are expected over 3 days!
India’s MSME exporters have also demanded new measures to boost exports Scheme including clarity on the new export policy and Remission of Duties or Taxes on Export Product (RoDTEP), which will replace MEIS in 2020. Exporters believe that RODTEP will more than adequately incentivize exporters than existing schemes put together and are awaiting the fine print. MSME plastic exporters have also demanded clarity on MEIS for certain categories of products that overlap between plastics and textile sectors. Exporters have also asked the government to focus on the development of infrastructure and construction industry basic materials through focused policies such as open FDI norms, large budget allocation to infrastructure sector, smart cities mission, etc. Some of these sectors includes Cement & Clinker Products, Ceramic & Sanitary ware products, Paint & Coating products, Glass and Glassware, and Furniture & Other wood products.
Smt. Meeta Rajivlochan, IAS, Additional DGFT, Mumbai, who was the Chief Guest at the event, speech, said, “Plastics sector has grown up by over 16 percent on FY’19, from over $15Mn to $19Mn, however there is still further lot of scope to grow our exports further. India has largest base of scientific and IT qualified professionals, however the IT solutions are offered offshore to international countries to the domestic consumption in countries abroad. The MSME sector which employees to over 445 Mn workforce which is over 72 percent of working population in India. The IT solutions, Internet of Things and Artificial Intelligence is yet to be implemented in its full scale in the MSME sector.”
Further she also added that, the Logistics sector which contributes to over 13 percent to the GDP, is much higher compared to global average of over 9 percent which needs to be brought down. She further said, there is lot of scope for Chemicals, Plastics and Ptreochemicals sector to grow. We need to look at how much further growth we can add to these sectors.”
Mr. Ravish Kamath, Chairman, PLEXCONCIL, said, “5th CAPINDIA 2019is a very significant calendar event for international buyers, who can meet existing and new aspiring Indian exporters including MSMEs. Globally plastics is a 1 trillion-dollar economy and this is just enough to demonstrate the vast potential that the segment holds for our fraternity. The plastics industry in India today, is one of the most significant contributors to the world’s economic development and its application has diversified to include a variety of key segments such as automotive, construction, electronics, healthcare, textiles, FMCG, and more. India is exporting to more than 210 countries, across the globe and India’s plastics industry employs over 5 million people and comprises over 50,000 manufacturing units. The developed western markets are ripe for disruption and with nearly USD 15 billion Chinese exports in chemicals and plastics subject to US tariffs, India is set to gain market share in the US market.”
Mr. Ajay Kadakia, Chairman, CHEMEXCIL, said, “Indian chemical industry is currently valued at around USD 163 bn and expected to touch USD 325 bn by year 2025. The export performance of CHEMEXCIL’s items for the period April to March, 2019 was USD 19091 million as against USD 15927 million of the corresponding period of last year, registering a growth of around 20%. In the current year, the exports have increased by 0.68% i.e. from USD 10986.44 million in April-October, 2018 to USD 11060.97 million in April-October, 2019.” He further added, “MSME exporters are concerned about existing export incentives and recent Trade Remedy measures initiated on import of basic inputs. Exporters also seek clarity on the proposed RoDTEP scheme and forthcoming Foreign Trade Policy which will auger well for exports.”
Mr. R. Veeramani, President, CAPEXIL, said, “The export target fixed for CAPEXIL products is US$ 25.57 billion for the year 2019-20 which marks a substantial growth in exports compared to US$ 22.24 bn in 2017-18. The Capexil’s Product Sector contains different group of products broadly Mineral and Non-Mineral Sector. Exports of Minerals and Ores have grown 9.39% and Non-Minerals Products have grown 22.42% respectively compared to 2017-18. The top five export destination for Minerals and Ores products are China, Malaysia, Korea Rep, Turkey and USA, during 2018-19. The major five export destination for Non-Mineral products are USA, UAE, Saudi Arabia, Nepal and Turkey. The main products being exported under Chemical based Allied Products during 2018-19 are Aluminium Ingot, Auto Tyres, Granite, Graphite Electrodes, Paper & Paper board, Ceramic Tiles, Iron Ores, Calcined Alumina, Furniture and Pigments & Colouring materials. The Chemical based Allied sector assumes significance as it contributes over 7 per cent in the country’s total merchandise exports.”
India is endowed with vast reserves of minerals including iron ore, bauxite, coal, limestone and manganese, and is among the top 10 countries globally for these ores. Some of the mineral products which falls under the purview of CAPEXIL are Bulk Mineral and Ores, Natural Stone Products and Processed Minerals. The Mineral Sector, which operates in a unique ecosystem having large population as stakeholders in areas surrounded by pristine ecology. Ensuring environmental sustainability through responsible mining, while improving performance standards, is therefore a major development and policy priority of the mining sector. However, India’s mineral exports has faced severe challenges to obtain speedy clearances from the grant of lease to renewal, environmental clearance, pollution control clearance etc. The Government is trying to revitalise India’s minerals sector especially in the context of changing global scenario.
Mr. Ashvin K.Nayak, Chairman, SHEFEXIL, said, “The importance of such a mega networking and sourcing fair such as CAPINDIA 2019 on Indian soil can be gauged from the fact that since the global demand pattern for goods and services in general is showing a downward trend, this could be a tremendous opportunity for Indian manufacturing sector to turn the attention of discerning international trading community towards Indian capabilities. On the need to push manufactured products’ sourcing from India, I strongly feel that events like these assume great significance considering the present global economic scenario:. He felt that the need of the hour was to find ways to scale up trade collaborations and create a world class networking event in India to benefit Indian industry and particularly export of India-specific value-added forest products promoted by SHEFEXIL. Indian manufacturers should capitalise on such events through greater participation in the proposed Buyer-Seller meet at CAP INDIA 2019.” He added, “SHEFEXIL products’ exports grew by 11.59% in 2018 as compared with 2017. “If we consider Panel-wise exports, export of all Panels showed a growth in 2018, except the Other Vegetable Materials (OVM) panel”. According to him, the principal export market for Shellac Wax was Germany and Nigeria in 2018. In case of Lac Dyes, India’s export markets in 2018 were Korea and Taipei-Chinese.”
SHEFEXIL’s exports valued at USD 218.2O Million in July 2019, registering a positive growth of 23.64% as compared to exports made in July, 2018. As compared to exports made in June 2019, exports in July 2019 have increased by 18.87%. Cumulative exports made during April-July 2019-20 show an increase of 14.88% as compared to cumulative exports of April-July 2018-19. Highest growth of exports is recorded in panel “Vegetable Saps & Extracts” i.e.51.99%.
Mr. Nayak also said India can now boast a globally recognised forest-certification scheme developed specifically for Indian forests. “In fact, forest-based industries in India, particularly those for paper, boards, plywood, medium density fibreboard, furniture and handicrafts, etc, have been pushing for forest certification to enhance their market accessibility to western markets including European Union and USA.