New Delhi, 4th January 2018: Shri Suresh Prabhu, Hon. Union Minister for Commerce & Industry, presented the details & unveiled a global campaign for the 3rd Edition of CAPINDIA 2018, organised jointly by PLEXCONCIL, CHEMEXCIL, CAPEXIL & SHEFEXIL under the aegis of the Department of Commerce, Government of India (GOI), supported by Department of Chemicals and Petrochemicals, GOI. Present on the occasion were Shri Shyamal Misra, Joint Secretary, Ministry of Commerce & Industry, Chairmen, President and Executive Directors of PLEXCONCIL, CHEMEXCIL, CAPEXIL & SHEFEXIL.
CAPINDIA 2018 is one of the largest sourcing and networking events for the Chemicals, Plastics, Construction & Mining Industries and Allied Products. The State of Gujarat is the State Partner for CAPINDIA 2018. This expansive ‘Make in India’ showcase of India’s manufacturing capacities and capabilities (including its abilities to service overseas markets) will be held from 22nd to 24thMarch 2018 at the Bombay Exhibition Centre, Goregaon, Mumbai. The initiative is a showcase of the country’s world-class manufacturing capabilities and capacities and aims to enhance exports of Indian manufactured products.
Mr. Suresh Prabhu, Hon. Union Minister for Commerce & Industry, said, “As part of the country’s policy initiatives on increasing India’s Import-Export ratio it is essential to focus on substantially increasing the contribution of foreign trade to the GDP. The approximate global potential for exports of products overseen by PLEXCONCIL, CHEMEXCIL, CAPEXIL & SHEFEXIL is US$ 2050 bn and at present India’s share is only US$ 36.85 bn (1.8%). Approximate domestic sales are around US$ 282.50 bn. There is tremendous scope for increasing market share in exports. I would like to congratulate the four export promotion Councils – PLEXCONCIL, CHEMEXCIL, CAPEXIL & SHEFEXIL for organising CAPINDIA 2018, one of the largest sourcing events for the Chemicals, Plastics, Construction, Mining and Allied Industries On behalf of our Ministry and the Government of India, we applaud the initiatives and efforts of the Export Promotion Councils as well as urge the leading Indian companies in plastics, chemicals, construction, mining and allied products exports to extend their whole-hearted support, participate at CAPINDIA 2018 and be a part of this collective effort.”
Shri Shyamal Misra, Joint Secretary, Ministry of Commerce & Industry, said, “Global trade and output are growing at their fastest rate since 2008 and we have to capitalize on these opportunities. According to the second volume of the Economic Survey for 2016-17, India’s exports need to grow at 25% plus annually over the next five years for India to reach a 5% share in world trade. This can be achieved only through reforms in trade policy by diversifying exports, rationalising tariffs and developing world class export infrastructure. Our constant endeavour is to increase our share of global trade and also use trade expansion as an effective instrument of economic growth and employment generation. The Government has placed great emphasis on diversification into new markets while carving out a greater niche in existing markets. CAPINDIA is a good step in this direction.”
Mr. Ashok Basak, Chairman, PLEXCONCIL, said, “CAPINDIA 2018 is a very significant show for our members as we target to cross the US$ 8 billion mark in 2017-18. Plastics are among the fastest growing industries in India experiencing a double-digit growth rate on an average. India is currently ranked among the top five consumers of polymers in the world and has 30,000+ plastic processing units employing over four million people across the country.” He added, “During November 2017, India exported plastics worth USD 671.56 million, up 39.2% from USD 482.29 million in November 2016. Cumulative value of plastics export during April 17 – November 17 was USD 4.77 billion as against USD 4.17 billion during the same period last year, registering a growth of 14.5%. We strive to enhance our share of exports in the global marketplace, which is US$ 800 billion upwards. Given the immense opportunity presented, our members must make the best use of various export promotion activities such as CAPINDIA made available by our Government through the Council.”
Mr. Satish Wagh, Chairman, CHEMEXCIL, said, “CAPINDIA 2018 will be bigger and better than ever before and will help us tap immense opportunities for growth, which exist in the fields of specialty chemicals, polymers and agrochemicals industries. The Indian chemicals industry with a market size of US$ 145 billion is the seventh largest producer of chemicals worldwide and the third largest producer in Asia after China and Japan and we seek to enhance our share in the Global Chemical Industry, which is estimated at US$ 4.3 trillion. It is a capital-intensive industry which employs approx. 2 million people in India. India is the third largest producer of agro chemicals globally and exports 50% of its production. Specialty chemicals market has been growing at 14% over the last five years due to domestic consumption and the market size is expected to touch US$ 70 billion by 2020. During April to October 2017, there was a growth of about 26% in the export performance of the CHEMEXCIL’s items aggregating to USD 8.45 billion.”
Mr. R. Veeramani, President, CAPEXIL, said, “CAPINDIA 2018 Exhibition is slated to be one of India’s largest global sourcing shows for products in our business. CAPINDIA 2018 will be significant as it is the first mega industry event following Union Budget FY2019 and the implementation of GST, which will have a significant bearing on targeted exports in sync with the Government’s vision for Year 2022. The export target fixed for CAPEXIL products is US$ 16.18 billion for the year 2017-18 which marks a substantial growth in exports compared to US$ 14.71 bn in 2016-17. The construction and mining sectors are responsible for propelling India’s overall development. Exports of Construction Products were US$ 2.5 billion during April to September 2017 showing a growth of over 30% compared to corresponding period last year. The export target for construction and allied industries stands at US$ 16.18 billion in FY 2017-18 as compared to US$ 14.71 billion in FY16-17. Exports of Mining products were US$ 3.29 billion during April to September 2017 showing a growth of over 25% compared to April-September 2016. India is endowed with vast reserves of minerals and is amongst the Top 10 countries for cast mineral and metal reserves.”
Mr. S. K. Ghosh, Chairman of Shellac and Forest Products Export Promotion Council (SHEFEXIL), said, “SHEFEXIL’s frontline products to be exhibited at CAPINDIA 18 would cover items such as Shellac and Lac Products, Guar Gum Powder, Tamarind Kernel Powder, medicinal Herbs/Extracts, Aleuritic acid, etc. SHEFEXIL’S panel-wise exports stood at US$ 2.43 billion in 2016-17, representing 4.4% of the world potential. Continuing with the positive growth exhibited by exports for the last twelve months, the figures for September 2017 have shown a growth of 22.06% in dollar terms valued at US$ 143.60 million as compared with US$ 117.64 million during September 2016. The cumulative value of exports for the April- September 2017 (H1FY18) period was US$ 915.88 million as against US$ 722.64 million, registering a positive growth of 26.74% in Dollar terms over the same period of last year. In quantity terms, total exports of SHEFEXIL increased by 27.42%. Cumulatively, the highest export growth was registered by Guar Gum, which was 75.95 per cent.”
The 3-day exhibition will be spread over 18,000 sq. mt and will host 700+ manufacturers/exporters, who will showcase hundreds of products, including a range of Industrial & Agricultural Raw Materials, Consumer Items, Packaging Items, Plastics Processing Machinery and Construction Materials, Mining Products amongst others. CAPINDIA 2018 will also have participation from all major industries and sectors including Granite, Natural Stone, Marble, Minerals and Ores, Paints, Coating, Glassware, Furniture, Ceramic, Sanitary ware, Cement, Clinkers, Asbestos, Paper, Paper board, Stationary products, book Publishers and Printers. The show is expected to receive over 10,000 visitors comprising 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. CAPINDIA will host 400 International buyers from across the globe who are being invited to attend the Buyer Seller Meets being organized as part of the Government’s MAI Scheme to promote key export segments through platforms that foster closer trade collaboration between Indian manufacturers-exporters and target countries.