By Admin 
Iran war Impact on Plastics Industry: The war has had a major impact on the plastics industry. Traders manufacturing plastic products say that their business has almost come to a standstill due to the sudden doubling of the prices of raw materials. A businessman making tarpaulin told that earlier virgin plastic granules were available at ₹ 100 per kg, which has now become ₹ 180 per kg. Scrap, which was earlier priced at ₹70-80 a kg, has now reached ₹115-120.
They allege that citing disruption in the supply of crude from abroad, Indian companies increased the prices despite having stock. The war started on the 28th and rates started increasing continuously from the 1st. Now the situation is such that where earlier work was done for ₹ 100, today work is being done only for ₹ 30. Traders say that if the war ends tomorrow and the rates come down, then the stock bought at high prices will cause them huge losses.
Packing cost increased by 30 percent, production halted due to gas crisis
Arun Jain, who supplies packing material to MNC companies, says that the prices of packing have increased by 25 to 30 percent. Due to gas shortage, production capacity is running at only 25-30 percent. Due to shortage of gas, even laborers are not able to get work and many laborers have returned to their villages. He says that despite big companies having stock, they have increased the prices.
Sharad Sharma, a bucket and tub maker, said that his work has reduced to only 10 percent and he has halved the production. He said that during the Corona period, when the factories were closed, the workers had gone to their homes, but now the factory is open and there is no work. How will the labor expenses be covered? Due to non-availability of gas, production is going on intermittently.
Demand decreased, supply stopped due to closure of free scheme
Ashok Juneja, who does injection molding work, said that his demand has almost ended. His industry is related to washing powder companies, which used to give free products like bucket-tub under the scheme. Now the sales of washing powder have reduced and their rates have also increased, due to which the free scheme has been stopped. As a result their supply has also stopped. He alleged that some big companies are blackmailing by suddenly increasing the rates.
All the traders have appealed to the government to give relief in EMI and interest for at least 6 months to the MSME sector and also to give a temporary stop or relief on the ongoing CC loans. A long term fair trade policy should be made so that big companies cannot take advantage of the crisis. Traders say that the current situation is more serious than the Corona period. If relief is not provided soon, small plastic industries will be on the verge of closure.