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Deep analysis of Indian plastic mold market

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source:GDMRelease date:2016-1-8Browse:4733
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Sudden increase of Indian Plastic part indicates potential plastic mold market

With the increasing of Indian plastic part consumption per person , Indian plastic industries demands is increasing at the same time. It’s estimated that within 5 years in the futures, the consumption amount of Indian plastic would be increasing straightly. From the evaluation of the Indian plastic fund, India would become one of ten countries with largest plastic package consumption in 2016, with the demands of 24 billion USD. From Mr. Luo baihui, the secretary- general of the association of international mold & plastic industrial supplier, Indian recycle rate reach 60% domestically & currently, there are more than 7000 supplier with sales amount of 92 billion Rupee per year , which offer more than 35 million job positions for employees.

The reasons of difficulty Chinese plastic mold supplier to enter Indian market

China plans to establish two industrial estates in Gujarat, western India. Chinese Chariman, Xi jinping & prime minister of India, Narendra Modi signed the agreement of establishment. China plans to set up factories of plastic , electrical appliance. One of the industrial estates is located in Vadodara, near Karjan and the other is located in Maharashtra. Also, China announced that within 5 years in the future, the investment would reach 20 billion USD for basic equipment & manufacturing project. After Japan announced to put 35 billion USD in India, China hopes to establish more close relationship with India. From now, the investment capital in India China put is about 0.4 billion USD, mainly in Gujarat. The investment amount would overpass Japan in the future.

Chance or Challenge, which would be better by its tally?

India is populous nation, which has lower laber cost comparing with western countries, & even have lower cost than in China in some fields. In this case, it’s very hard for China to enter Indian market because of the competition of local mold supplier not only in quality, technology qualification , services & prices. In short, india would be the potential large market with both chances & challenges.

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