Monday, September 24, 2012

High import duty hurts plastic industry


High import duty and production cost, coupled with poor quality of power supply, lack of skilled manpower, and competition from imported plastic goods due to the open border, have hit the growth of the domestic plastic industry, according to Nepal Plastic Manufacturers' Association (NPMA).
The domestic plastic industry can grow rapidly, provided the government reduces the import duty, supports the industry in waste collection and management, and subsequently supports in establishing recycling plants, said president of the association Shailendra Lal Pradhan at an extensive seminar on 'Showcase of Plastic and Growth of its Industries', organised jointly by the association and Esskay Pvt Ltd, here today.
There are about 300 organised plastic processing units and about 200 more secondary units making it a total of 500 plastic traders in Nepal, which provide direct employment to 25,000 people and indirect employment to a similar number, he said, adding that the total investment in the plastic sector is expected to be around Rs 30 billion, contributing an annual tax of more than Rs 5 billion. "The industry also pays more than Rs 2 billion as import duty and VAT."
Despite quality production under the most advanced technology, the annual growth of the domestic market is restricted to only five per cent, the lowest in the South Asian region, said convener of the programme and MD of Esskay Pvt Ltd Sharad K Tibarewala.
"Nepal has the highest import duty on plastic products as compared to other South Asian nations," he said.
Similarly, export is hampered due to the sole dependency on India for the use of sea ports, said vice president of the association and convener of the seminar Sharad Sharma, shedding light on different aspects of the plastic industry, its growth and future perspectives in Nepal.
"The use of plastic goods is increasing in geometric ratio as it is widely used in our society, and is nothing but simply a recycling process," said participants in the second session on 'Sustainability and Environment'.
"Used plastic and its products are valuable resources and cheap to produce, and does not decompose but can instead be recycled," they said, adding that plastic has enabled numerous technological advancements, new design solutions, enhanced performance and furthered cost savings in recent times. "The production of plastic products is also not energy intensive as compared to metal, glass and paper."
The seminar will be jointly inaugurated by National Planning Commission (NPC) vice chair Deependra Bahadur Kshetry as chief guest and industry minister Anil K Jha as guest of honour tomorrow.
The seminar will also see some prominent personalities representing the major plastic companies and their associations like MD of Chevron Philips, Singapore Jim Becker and other distinguished personalities both from Nepal and abroad.
Though plastic granule as polypropylene and polyethylene was invented by Philips Petroleum, USA in 1950 AD, it was introduced in Nepal about four decades back only.
Some 150 KT of polymers are consumed annually in Nepal to produce hundreds of plastic products like household goods, bottles for packaging for oil, water, drinks, medicines, and syringes, furniture, ropes, polyester yarn, lubricants, pipes and fittings, packaging sacks, and construction materials.
The domestic industry manufactures a wide range of plastic products for both the domestic and export markets.

14 comments:

industrial waste recycling grand rapids said...

Industrial waste recycling grand rapids can have an impact on a large scale in your community. It helps to establish good relations with their community.

Waseem said...

plastic business cards play an important role in the growth of the business and achieving the business marketing objective.

Plastic business cards said...

I think it causes cost increasing on plastic products....

Testing User said...

Plastic products are popular, so govt increases import duty.

Our website

Plastic business cards said...

It's really important impact related to cards in businesses, great info.!!!

Anonymous said...

Hello there! Quick question that's completely off topic. Do you know how to make your site mobile friendly? My weblog looks weird when browsing from my iphone 4. I'm trying to find a theme or plugin that
might be able to resolve this issue. If you have any suggestions, please
share. With thanks!

Also visit my blog post: http://www.active-bookmarks.com/story.php?title=userelliott57-

Anonymous said...

I've observed in the world today, video games include the latest craze with children of all ages. Occasionally it may be not possible to drag the kids away from the video games. If you want the best of both worlds, there are plenty of educational video games for kids. Thanks for your post.

Look at my web site - facebookofsex

Anonymous said...

I really appreciate this post. I�ve been looking everywhere for this!
Thank goodness I found it on Bing. You have made my day!
Thanks again

My web-site - dating site free

Anonymous said...

Valuable information. Lucky me I found your website by accident, and I am
shocked why this accident didn't happened earlier! I bookmarked it.

Feel free to visit my webpage www.agri.kmitl.ac.th

Anonymous said...

Many thanks for sharing most of these wonderful discussions.
In addition, the perfect travel as well as medical insurance strategy
can often reduce those concerns that come with journeying abroad.

A medical crisis can quickly become very costly and that's likely to quickly set a financial on the family finances. Setting up in place the excellent travel insurance package deal prior to setting off is worth the time and effort. Thanks a lot

My blog post :: facebook of sex

Anonymous said...

Hi, i think that i saw you visited my site thus i came to �return the favor�.
I'm attempting to find things to enhance my website!I suppose its ok to use some of your ideas!!

Have a look at my homepage - adult sex

Anonymous said...

Wonderful goods from you, man. I've understand your stuff previous to and you are just extremely wonderful. I really like what you have acquired here, really like what you are saying and the way in which you say it. You make it enjoyable and you still take care of to keep it smart. I can not wait to read much more from you. This is really a great web site.

Feel free to visit my web site: skype sex

Anonymous said...

I do not even know how I ended up here, but I thought
this post was great. I don't know who you are but definitely you are going to a famous blogger if you are not already ;) Cheers!

Also visit my homepage :: adult finder

Anonymous said...

An impressive share, I simply given this onto a colleague who
was doing somewhat analysis on this. And he actually
purchased me breakfast as a result of I discovered it for him..
smile. So let me reword that: Thnx for the deal with!
But yeah Thnkx for spending the time to discuss this, I feel strongly about it and
love reading extra on this topic. If potential, as you grow to be
experience, would you thoughts updating your blog with extra
details? It is extremely helpful for me. Massive thumb up for this blog submit!



Feel free to visit my site: facebookofsex