With the increasing use of a plastic product in both domestic as well as industries, the waste produced is at very high level, which indicates both the production points of waste recycling plastic industry in India. Intense use of plastic encourage the demand for it and availability of the waste for the further recycling and reproducing the different consumable products for both industrial and domestic use. The size of the plastic industry in India is increasing day by day.
The Indian plastic market has made a promising introduction in the year 1957, with the rapid growth in the plastic industry, according to the leading website; the plastic industry in India has reflected a rapid growth in the industry with more than 2000 exporters of the new and recycled plastic products. By the year 2015, the industry employs around 4 million citizens of India in Indian plastic industry. Around 30000 plastic processing units are functioning in India by the year 2015 out of which 80-90% are small and medium size industries.
The total export of Indian plastic product was around 7.6 Billion by the year 2015-16. Due to increasing use of plastic consumables products and availability of the highly technological plastic waste recycling machines have made the growth of the plastic recycling industry in India to leave a great achievement and grown at the rapid rate.
The government of India is helping the recycling industry in India by providing different support to the Indian entrepreneurs to start the recycling business. The government is providing different subsidies on the recycled products to the industry. It also is providing useful guidance on recycling technology along with developing on a polluted-high production-low cost of operation plastic recycling machines with very competitive price.
Promotion of plastic recycling in India
The increasing waste dump yards of plastic scrap and increasing demand for the plastic consumables for both domestic as well as industrial use, the government has promoted the plastic waste recycling business in India. There are different government programs are running all over India through which the waste is being used to produce energy and other useful products. Government of India is providing loans and subsidies on interest rate to set up the plastic recycling business in India because of the real value of the output of this industry is helping in dual way, by helping the society to minimize the volume of plastic waste along with producing useful products for daily use in domestic and industrial perspective. Government subsidy programs subsidize the plastic recycling machine price in India.