New Delhi: PlastIndia Foundation, the apex body of the plastic industry in India, has welcomed the India–European Union Free Trade Agreement (FTA), describing it as a timely and strategic step that will significantly enhance bilateral trade, investment, and technological collaboration.
Mr. Ravish Kamath, President, PLASTINDIA Foundation, said that the FTA opens new growth avenues for India’s plastics and petrochemicals sector by improving market access, reducing tariff and non-tariff barriers, and encouraging innovation-led manufacturing.
“The India–EU FTA will strengthen India’s position as a global manufacturing and export hub for plastics and allied products. It will facilitate greater integration of Indian industry with European value chains, promote sustainable materials, and enable technology transfer—especially in recycling, circular economy solutions, and advanced polymer applications,” Mr. Kamath stated.
“The European Union (EU) remains India’s second-largest export destination for plastics, with exports valued at approximately USD 3.7 billion. Industry estimates indicate an untapped potential of nearly USD 9 billion, which the India–EU Free Trade Agreement is poised to unlock. This landmark agreement is expected to drive multi-fold growth for the sector by enhancing competitiveness, expanding market access, and encouraging higher value-added exports. At present our total plastic exports are USD 10 Billion during the year 2025 ” said Mr Kamath
He added that the agreement would boost exports of value-added plastic products, attract foreign direct investment, and generate employment across the plastics value chain, while aligning with India’s vision of Make in India and Atmanirbhar Bharat.
PLASTINDIA Foundation also emphasized that the FTA provides an opportunity for Indian manufacturers, particularly MSMEs, to upgrade quality standards and adopt global best practices, ensuring competitiveness in international markets.
“The Foundation looks forward to working closely with policymakers and stakeholders to ensure smooth implementation of the agreement and to maximize its benefits for the Indian plastics industry,” Mr. Kamath added.