THE Indian plastics sector, currently valued at Rs. 1.02 lakh crores, is growing at a compounded annual growth rate of about 20%, according to a study conducted by The Associated Chambers of Commerce and Industry of India (Assocham). "The plastics industry is expected to touch Rs. 1.7 lakh crores level on the back of multiple factors like increasing demand for the material in production of goods and its usage in packaging of various items," it added.
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