December 10, 2012: Indian plastic industry is in the path of an impressive growth now. Today, petrochemicals are vital inputs to all critical sectors of the economy including agriculture, infrastructure, automobile, construction, consumer goods, telecommunication, packaging and healthcare.

Ever since plastic has been introduced, it has been portrayed in equally opposite perspectives. Plastics as a whole are being looked down upon as environment unfriendly. But this is not true. The problem with plastic is its waste disposal management. The Ministry of Environment & Forests, Government of India has in consultation with members of the Plastic Industry - more particularly the Enviroplast Committee of the Plastindia Foundation, Mumbai, after detailed study, worked out a way to minimize the effects of nuisance of plastic waste, particularly Jabla Bags. The Plastic industry has agreed to honour the national guidelines on Waste Management.

There are many myths about Plastics like: Plastic bags are harmful to plants and soil - in fact plastics protect plant life in multiple ways. Plastics are not recyclable - in fact plastics are 100% recyclable via various routes, etc.

Plastic industry is also a source of employment generation for many. Plastindia Foundation has planned to construct a Plastindia International University that will be the first institution in India which will teach Polymer Technology from Concept to Commercialisation. It's focus will be on providing a knowledge based institution rather than a resource based one.

Speaking on the occasion Mr Bipin Shah, President of PlastIndia Foundation "Our aim is to keep people first, followed by the approach and ultimate selection of the process, which keeps integrity of the environment and ultimately brings sustainability for future growth. Our efforts will be to create entrepreneurship, logistics and problem solving methodology. With our two associates, University of Massachusetts Lowell and University of Wisconsin-Madison we are taking the faculties aboard and under the guidance of these experienced faculty, our future is assured in the decades to come."