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PLASTIC INDUSTRYPLASTIC INDUSTRYJULY 2016 1


Plastic Industry News



PLASTIC INDUSTRYA Journal of Plastic Industry, Trade and Technology

VOL. XLII

PUBLICATION BOARD HONORARY ADVISORS

From President’s Desk


National News

MSME News

Goverment Notification

OFFICIAL ORGAN OF

ALL INDIA FEDRATION OF PLASTIC INDUSTRIES

40-DLF, Indl. Area, Kirti Nagar,

New Delhi-110015, Phone : 45028719 Mob.:8447821741

E-mail : [email protected], [email protected]

Published by for All India Federation of Plastic Industries, 40-DLF Indl. Area, Kirti Nagar., New Delhi-15

and printed by him at : SHIV SHAKTI PRINTING & TRADING CO., Naraina, New Delhi-110028

E-mail : [email protected], [email protected], Ph. : 011-25775180

Sadhu Ram Gupta

Views expressed in the articles are of the authors' and not necessarily or of the Federation. The

Federation, while reporting the information based on various media news, wants to make it clear that it

accepts no responsibility for the soundness or correctness of the version published in the journal.

Articles of topical interest are invited for publication in the journal. They will be published if they conform

to the requisite standards. Suggestions for improvement of the journal are welcome.

INCOME TAX MATTERS : Shri Pravin Kumar Gupta

Res. H. No: 1970, Sector-28,

Faridabad – 121002

Office: 0120-2591909

Residence: 91-129-4109875,

Mobile No. 9650991175

CENTRAL EXCISE SERVICE TAX : Shri Mahesh Mondal

165, Naginlake Apartment

Paschin Vihar, New Delhi-87

Mob.: 9810635267

[email protected]

LABOUR LAW : SH.L.R.BANSAL

SP-65 Maurya Enclave

Pitampura Delhi -110034

Mob.: 9811700216

VAT and related matters : Shri V.M. Jindal

A-49 Inderpuri,New Delhi

Mob.: 9811136585

Executive Editor

PRESIDENT : Sh. Sadhu Ram Gupta

MEMBERS : Sh. Rajinder Jindal

: Sh. R K Jain

: Sh. Prayag C. Agarwal

EDITOR : Sh. Rajinder Jindal

EXECUTIVE EDITOR : Sh. Rajiv Sharma

No. 7 JULY 2016

INSIDE THIS ISSUE



Let noble thoughts come to us from every side

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(Sadhu Ram Gupta)

My heart leaped up with delight when I behold the houseful presence of Members, Member Associations and

Industrialists related to plastic on the eve of 28th Annual General Meeting of the Federation held at The Knots Banquet,

New Delhi on 27th June 2016. This is a symbol not only of unity but awaken-ness of the industrialist also. In other

words this is an example that the members have gained their faith in the working of the Federation, as well. As such I

express my thanks to all the participants who made the event a success.

This is also a matter of our pride that the Honorable Chief Minister of Delhi Shri Arvind Kejriwalji graced the Dias as

Chief Guest of the Annual General Meeting to hear the problems relating to Delhi MSME’s face to face.

We expressed our gratitude to the Chief Minister for his giving recent relaxation of VAT on Plastic Waste and Footwears.

This act on the part of His Excellency shows his generousness towards the trade and plastic industry. Another issue

related to Delhi Government that placed before him were:

• Circle rate of land levied on industrial plots is higher than that of actual prevailing rate of land in the market.

• Labour laws may kindly be made industry friendly, also.

• Un-authorized industrial areas, which are earmarked to be regularized, may be provided with necessary amenities for their smooth functioning.

• PU Footwears many be placed under “O” category rather than “R” one. PU Footwears are already placed in green category in neighbouring

Haryana as there is no pollution involved while processing.

• Fire fighting services may be equipped with foam and other foolproof equipments and number of fire stations may be increased according to the

requirement of different areas.

His Highness the Chief Minister heard all the issues patiently and in his speech he assured of considering the circle rates of industrial areas on

priority.

I have every hope that the various issues and concerns brought to the notice of the Chief Minister in the meeting and through our Memorandum

submitted to him will be considered in the overall interest of the trade and industry of Delhi. He informed the participants that his Government is

committed to help the trade and industry and the problems of the industry will be considered on merit and he also advised the participants to remit

VAT in time and honestly. This will strengthen his hands to reduce the rate of VAT upto 2% only.

At present, the Indian plastic industry is in a miserable condition due to various reasons as well as Government’s apathy towards its protection and

growth. The Government’s plan to boost infrastructure, contain inflation, spur manufacturing, simplify investment processes and speed up project

implementation is on the anvil. The plastic raw material which is short in supply in the domestic market is to be imported in India and with the levy of

anti dumping duty. The input cost on such imported material becomes high. The cost of finished goods made from such raw material becomes much

more than the landed cost of the finished goods so imported. This leads to unwarranted import of finished goods causing injury to the domestic

industry for its survival and mars the concept of ‘Make in India’. Your Federation brought this matter to the notice of Honorable Prime Minister and

Finance Minister, as well.

Currently, there are 44 labour laws under the purview of Central Government and more than 100 under State Governments, which deal with a host of

labour issues. Unfortunately, these labour laws protect only 7-8 percent of the organised sector workers employed at the cost of 93 per cent

unorganised sector workers. The entire gamut of the labour laws should therefore be simplified, clubbed together wherever possible and made less

cumbersome to make the environment more employment friendly. Friends, this is one of the important issues affecting the growth of trade and

industry and it require Government urgent attention.

Your Federation has submitted a representation to the Hon’ble Prime Minister and Hon’ble Finance Minister to consider excise duty on non leather

footwear at par with the Leather footwear of MRP above Rs.1000/- @ 6% instead of 12% and also treat footwear as footwear only irrespective of

material used in its manufacturing keeping in view of the overall interest of the small scale footwear industry which will help the economy to create

more employment and meet the Prime Minister drive of “Make in India” and increase exports also.

In the end I request all the members to strengthen the Federation by deriving more members, with the induction of more members, the Federation will

be more strong. Also contribute with advertisement in the Monthly Magazine brought out by your Federation in the interest of its members and

Industry.

Thanks for the cooperation, again.



Extract of the Memorandum Submitted to Sh. Arvind Kejriwal Hon’ble Chief Minister

of Delhi on 27th June, 2016We are really grateful to you for accepting our invitation as the As is obvious for setting up of business, the entrepreneur is to Chief Guest for our Annual General Meeting and hope that the purchase a land. It has been seen that in some of the industrial areas problems of the industry will be taken care of under your dynamic the circle rates as fixed by the Government is much more than the leadership. actual selling rates resulting in non-development of the industrial Sir, we would like to submit some of the industry related issues and activities in such areas.concerns which need your urgent attention and the same are as It is therefore suggested that a committee be constituted to study under: the prevailing market rates and circle rates be decided 1. Single Window System: accordingly.Any entrepreneur who wishes to set up any Industrial or 6. Freehold of Industrial area under DSIDCCommercial establishment in Delhi has to obtain multiple of It is requested that the reallocated industrial plots under DSIDC permissions/licenses from various authorities. This multiplicity is may be made freehold and also Industrial Engineering Complexes because of involvement of various agencies under Government of who have already paid freehold charges to the DSIDC are still Delhi or MCD as well as departments under Central Government awaiting clearance of freehold. resulting in wastage of time and harassment to the entrepreneurs. It is suggested that all the Industrial Areas in Delhi under It is suggested that a single window system be introduced DSIDC may be made freehold as this will not only increase the wherefrom all the permissions /licenses are obtained on line at one revenue of the Government but will also create employment.place only. 7. Variance in floor area ratio2. Setting up of Sector-wise Specific Facilitation There is variance in FAR (Floor Area Ratio in the different Committees industrial areas. The industrial plots in different areas do not have It is requested that Delhi Government may set up sector-wise uniformity with regard to the floor area ratio. In some areas the specific Facilitation Committees covering different sectors so as to FAR is 100% while in some areas it is 125%. However, it is also discuss the operational and policy level issues of the trade and observed that 125% coverage on the plot on all the three floors is industry at regular interval under the leadership of the Minister. quite less.The said Committees may be consisted upon the policy makers and We request you to kindly increase the FAR suitably to 200% of the sector specific experts from trade bodies and the hurdles coming in total plot area on all the floors and the manufacturing activities be the trade may be sorted out. allowed on all floors. This will increase the industrial efficiency.It is suggested that the Federation's sector specific representatives 8. MCD Trade Licence in industrial areas:may be included in these Committees. This will definitely help the The master plan of Delhi/DDA notifications clearly allows trade and industry as well as Government to undertake the real industrial activities on all floors of the industrial premises. But the issues affecting the growth and avoid delays in implementation of MCD is giving the licence for ground floor only. When the the same. industrialist desiring to set up a factory is to obtain the licence from 3. Upgradation of Fire Department/ Fire Stations: Delhi Government under the Factories Act, there should not be any It is requested that fire department must be equipped with necessity for MCD licence separately in the industrial areas. modernized instruments/technology to prevent fire at plastic, There should not also be any need of MCD licence for obtaining chemical and related industry because fire could not eventually the Electric connection in industrial areas as the same was not control such industries by water alone. It need fire fighting foam required earlier.tender which are not generally available at nearest fire stations. 9. Necessary commercial activities in industrial areas;Beside the above, the procedure for obtaining NOC from Fire Any industrialist is necessarily to use some space for office Department may be simplified and self-certification from the purpose as a part of industrial activities. But this is discouraged by industry may be accepted. the MCD. It is suggested that all industrial plot owners be permitted 4. Lack of infrastructure, maintenance and parking to perform the required official activities without insisting for space in Industrial Areas of Delhi. heavy conversion charges. Also the service sector industry should The industrial areas in Delhi are in a very poor condition with not be asked for any other commercial conversion charges.respect to infrastructure facilities such as roads, electricity, street 10. Grant of pollution clearance certificate;lights, water, draining, cleanliness and greenery. Needful steps be Footwear is one of the major employments providing industry in taken to attend to these maintenance tasks on urgent basis for the which women and rural folks are employed directly and indirectly. overall development of the industrial area. Suitable parking place . Footwear is made from different kind of materials like PVC, be developed where the vehicles can be parked and the EVA. PU etc. In Delhi all types of footwear are kept in Orange inconvenience to the commuters to such places is not caused. It category and the PU footwear is in the Red category. Here we can be initiated on the basis of PPP Model. would like to inform you that in nearby States, all kinds of footwear It is also requested that various industrial areas in Delhi which are placed in the Green Category and there is no need to take any have been earmarked for approval by the Delhi Government consent from the Pollution Department in these States. The such as Mundka, Vishwas Nagar, Naresh Park Extension, footwear industry in Delhi is forced to wind up their business and Sawan Park etc. may be provided with necessary shifting to nearby States like Haryana.infrastructural facilities. In view of the above, it is submitted that all types of footwear 5. Anomaly in circle Rates; including PU footwear must be kept in the Green category so as to



enable the industry to function from Delhi and operate their there should not be any need to obtain permission under the business with any complication. Factories Act where the employees are less than 50 as it is not 11. Refund of VAT required in nearby States.We are really grateful to you for reducing the VAT from 12.5% to It is also requested that industry friendly labour laws may be made 5% on footwear above MRP Rs.500/- and also rolling back of VAT which will not only help the industry but also to the workforce.on low cost footwear below Rs.500 and on plastic waste as well. It is also submitted to increase the Overtime limit (at present This is a welcome step and this will improve the economy of the overtime is limited to 50 hours in three months) to at least 100 hours State manifold in the years ahead. in three months.It has been reported to the Federation that lot of cases of refund of 13. Display Centre in DelhiVAT has been pending since long with the department and due to In order to attract business from these foreign visitors and improve this, the small traders/dealers are having financial crunch. the economy of Delhi, it is submitted that land may be earmarked in In view of the above, it is humbly submitted that refund of VAT may Delhi exclusively for trade and Industry so that these visitors can be expedited at the earliest possible so as to enable the trade to meet see for themselves the manufacturing capacities and export their financial obligations. capabilities of Indian industry. The proposed land can be provided It is also requested that the footwear upto MRP Rs.500/- be to the various units so that they can start their business and house exempted in the GST and above Rs.500/- it should be kept at their products at the proposed display Centre.lower tax rates. We shall be highly obliged if you kindly consider the above issues 12. Amendment in Delhi Factory Act and Labour Laws and concerns in the overall interest of the growth of the industry To give boost to the small and medium sector, it is requested that and economy of the Delhi State.

OFFICE BEARERS AND MEMBERS OF THE EXECUTIVE COUNCILOF AIFPI FOR THE YEAR 2016-2018

1. Shri Sadhu Ram Gupta President M/s. Shiv Shakti Footwear (P) Ltd.

A-49, Naresh Park Extn. Nangloi, New Delhi-110041, Mob: 9811811292Email: [email protected]

2. Shri R.K. Jain Vice President M/s. Poonam Plastics Products, 76, Shahzada Bagh, New Delhi-110035 Mob: 9910667111, Email: [email protected]

3. Shri Prayag C. Agarwal Vice PresidentM/s Prayag Polyvinyl (P) Ltd., 70, Bid. No. A-33, Najafgarh Road, New Delhi-110015 , Mob: 9891017507Email: [email protected]

4 Shri Kali Ram Gupta Vice President M/s Gupta Plastic Works A-63, Inderlok, DELHI-110035, Mobile: 9810034642

5 Shri. Gian Chand Dhamija Vice PresidentM/s Weldon Shoe Company, K-51, Udyog Nagar, Peeragarhi Chowk, Rohtak Road, New Delhi -110041, Tel. 65468944, 9810565520

Email- [email protected]

6 Shri Rajinder Jindal Hony. General SecretaryM/s. Mohan Footcare Pvt. Ltd,T2/209, Mangolpuri, Indl. Area,

Ph-I, Delhi-110083, Mob: 9810079904Email: [email protected]

7 Shri Ajay Khattar Joint SecretaryM/s. Popular Plastics (India)70, Shivaji Marg, Najafgarh Road,New Delhi-110015, Mob: 9810014257Email: [email protected]

8. Shri Vikas Bardia TreasurerM/s. Vikas Udyog,6/3, Kirti Nagar Indl. Area,New Delhi-110015, Mob: 9811131100

Email: [email protected]



1 Shri D.K. Agarwal 9 Shri Subhash Jindal 17 Shri Jai Bhagwan GuptaM/s Agro Heat Engineers M/s. Jindal Polymers, M/s Supreme Lamifab Pvt. Ltd.,

69/5A, Najafgarh Road, J-12, Udyog Nagar, Rohtak Road, Plot no.A-98, Swaran Park Indl.New Delhi-110015 New Delhi-110041 Area Mundka, New Delhi-110041Mob. 9810375344 Mob: 9958648881 Tel. 64580041, 9811313925

Email:[email protected] Email: [email protected] Shri Rajeev Agarwal

2 Shri Mange Ram Bindal 10 Shri Satish Gupta M/s. Shri Radha Kishan PackersAmbika Footwear Pvt. Ltd. M/s Lancer Foot Pvt Ltd. Plot No.B-1,Aman Puri, J-4, Udyog Nagar, Rohtak Road 301, Footwear Park Near Mahadev Dharam Kanta,DELHI-110041 BAHADURGARH (Haryana) Najafgarh Road, Nagloi, Delhi-110041 Mob. 9811157475/9811438505 Mob: 9811281255Email- [email protected]

11 Shri Baldev Singh Madaan 19 Shri Shalesh Goyal3 Shri Brij Mohan Gupta M/s Madaan Plastic Industries, M/s Shri Khatu Shyam Polytexure LLP

Akshat Plastics Pvt. Ltd. A-71, Naraina Indl. Area, Ph-I, T/5/250, Mangolpuri Indl. Area Ph-I4688/15, Jai Mata Market, New Delhi-110028 Delhi-110085,

Tri Nagar, Delhi-110035 Mob: 9810730333 Mob: 9811179989 Mob. 9811144823 Email: [email protected] Email: [email protected]

4 Shri Ajay Aggarwal 12 Shri Kawaljeet Singh 20 Shri Panna Lal BaidM/s. Brij Polymers (P) Ltd., M/s National Chemical Works, M/s. Swastik Polymers, B-273, Mangolpuri Indl. Area, 311, Shahzada Bagh, Old Rohtak Road, H-32 & 33, Udyog Nagar Indl. Area ,Ph-I, Delhi-110083 New Delhi-110035 Main Rohtak Road,Mob: 9810116619 Mob: 9810007894 New Delhi-110041, Mob: 9811076069

Email: [email protected] Email: [email protected] Email: [email protected]

5 Shri Manoj Sikdar 13 Mr. Narender Wadhwa 21 Shri Laxmipat BhutoriaM/s Bengal Sewing Mart Pvt. Ltd, M/s N.S. Footwear M/s. Vardhman Products69, MIE, Bahadurgarh - 124507 G-926, DSIDC, Narela, 69/5A, Najafgarh Road,Bahadurgarh (Haryana) Delhi-110040 New Delhi-110015Mob: 9891090558 Mobile: 9811193970; 9711111735 Mob: 9310246668Email: [email protected] [email protected] [email protected]

6 Shri Harish Kumar Aneja 22 Shri Shyam M. GuptaCosy Shoes Industries Pvt. Ltd. 14 Shri Nikhil Sethi M/s. VinayakJ-14, Udyog Nagar M/s PCL Oil & Solvents Ltd. V-1/31A, Bal Mill Road, Phase –I,Peeragarhi 703, 7th Floor, DLF Tower-B Budh Vihar, DelhiDELHI-110041 District Center, Jasola, Mob.: 9810155833/956045597

New Delhi-1 100447 Shri Anand Goel Mob: 9810400002

M/s. GVS International Pvt. Ltd., Email: [email protected], Saraswati Vihar,Delhi-110034 15 Shri Raj Kumar GargMobile: 9810035220 M/s Raj Plastic IndustriesEmail: [email protected] E-789, Narela Indl. Area,

Delhi-1100408 Shri Suresh Jindal Ph: 27783185, 9310164364

Jindal Plastic Industries313/11-D Inderlok 16 Shri Suresh Kr. GuptaDELHI-110035 M/s Sushi Chem & Plastic Industries, Mobile 9811028599 80, Shahzada Bagh Extn, [email protected] Old Rohtak Road, Delhi-110035

Mob: 9810050421, 9310050421Email: [email protected]

EXECUTIVE Members



EVENTS

PLASTIC FAIRS AND EXHIBITIONS:PPPEXPO TANZANIA 2016 [email protected] Conference Centre, Expogroup Http://Polymerscience.Conferenceseries.Com/[email protected] Start Date 22nd August 2016Http://Www.Expogr.Com/Tanzania/Pppexpo/ End Date 24th August 2016Start Date 12th July 2016 Location USAEnd Date 14th July 2016Location Tanzania IPLEX 2016

CIAL Trade Fair And Exhibition Centre,International Plastics Myanmar Plas Print Pack ExhibitionMyanmar Event Park, Chan Chao Int'l Co., Ltd. [email protected]@Chanchao.Com.Tw Http://Www.Iplexindia.Com/Iplex-16.HtmlHttp://Www.Myanmar-Expo.Com/Plasprintpack/ Start Date 26th August 2016Start Date 15th July 2016 End Date 28th August 2016 End Date 18th July 2016 Location India Location Burma

PLASTEC MINNEAPOLIS2nd World Congress On Biopolymers 2016 Minneapolis Convention Center,UBM CanonManchester Airport Marriott Hotel Hale Road, Hale Barns, [email protected] Series LLC Http://Plastecminn.Plasticstoday.Com/[email protected] Start Date 21st September 2016Http://Biopolymers.Conferenceseries.Com/ End Date 22nd September 2016Start Date 4th August 2016 Location USA End Date 5th August 2016 Location France Automotive Plastic Part Design

University Of Michigan,ETS Inc.Sri Lanka Plast 2016 [email protected] Memorial International Conference Hall, Http://Www.Ets-Corp.Com/Automotive.HtmColombo, Enterprising Fairs India Pvt. Ltd. Start Date 28th September [email protected] End Date 30th September 2016Http://Www.Srilankaplast.Com/Html/Srilankaplast-Venue.Htm Location USAStart Date 5th August 2016 End Date 7th August 2016 K 2016 LocationSri Lanka Düsseldorf, Germany,Messe Düsseldorf GmbH

[email protected] PLAS 2016 Http://Www.K-Online.ComTaipei Nangang Exhibition Center,Taiwan External Trade Start Date 19th October 2016Development Council (TAITRA) End Date 26th October [email protected] Location GermanyHttps://Www.Taipeiplas.Com.Tw/#Start Date 12th August 2016 COSMEX 2016 End Date 16th August 2016 BITEC - Bangkok International Trade & Exhibition Location Taiwan Centre,Reed Tradex Co., Ltd.

[email protected] North-East TopCon, Trends & Innovations 2016 Http://Www.Cosmexshow.ComQuebec City Convention Center,SPE Québec Start Date 8th November [email protected] End Date 10th November 2016Http://Www.Spequebec.Org/En/Events/Event/42-Conference- Location ThailandDu-Nord-Est-2016-The-North-East-2016-Topcon.HtmlStart Date 18th August 2016 Plastics & Petrochem Arabia End Date 19th August 2016 Dhahran International Exhibitions Center,BME Global Limited Location Canada [email protected]

Http://Plaschem.4p-Arabia.Com/International Conference On Polymer Science And Start Date 21st November 2016Engineering 2016 End Date 23rd November 2016 Hilton New Orleans Airport,Conference Series LLC Location Saudi Arabia



GIST OF DISCUSSIONS ATANNUAL GENERAL MEETING

th27 June 2016: New DelhithThe 28 Anniversary-cum-Annual General Meeting of the All issues, finance to small scale industry units, etc. There is a

thIndia Federation of Plastic Industries was held on 27 June, need of a dialogue between the industry organizations and 2016 at The Knots Banquet, Udyog Nagar, New Delhi. The Government so that most of the genuine problems of the President, Shri Sadhu Ram Gupta presided over the event. industry can be sorted out. He stated that there should be

transparency, exchange of information, technological up gradation and marketing strategy which is the key factor of the business and conducive business environment should be created. There is threat from China and other competing countries and in order to analyze such issues exchange of information between various sections of the industry through dialogue is a welcome process. Subsequently the President while dissolving the Executive Council Committee for the year 2014-16 stated that he is thankful to the members of the Executive Council members who have helped him in discharging his duties as President of the Federation and also thanked all the Patron Members and special invitees to the Committee.

Shri G.C. Dhamija while welcoming the participants in large number initiated the compeering of the meeting and requested Shri Subhash Jagga to address the gathering. Shri Subhash Jagga welcomed the President and the team of the Federation in organising the AGM and thanked the participants in large number at the AGM. He stated that individually one cannot solve the problems individually but can collectively sort out most of the problems of the industry. He stated that the footwear industry has a great future in the coming years as lot of exports has now been started and competition amongst ourselves should be avoided otherwise our competitive will take advantage of situation. Shri Prakash C Jain, Chairman of Bawana Chamber of

Industries while thanking the Federation in organising the AGM informed that he is representing more than 16000 small entrepreneurs located in and around Bawana and out of these

rd1/3 of the units are dealing in plastic and plastic waste. He stressed the need of ease of doing business for these small entrepreneurs and in turn they will not only increase the employment for lakh of people but also make Delhi a model State in the country. He stated that these entrepreneurs are paying taxes in various forms to both Delhi and Central Government without any rebate or subsidy, and as such they may be compensated by the Government such as retirement benefits. He also informed that there is a clear cut policy long term policy with regard to pollution so that the entrepreneurs can work as per the new directives without any fear. He informed that labour laws needs to be industry friendly so as to make both the labour as well as the entrepreneurs work Shri Raghubansh Arora of APEX Chamber in his address to together in a congenial atmosphere.the participants stated that infrastructural problems faced in

var ious indus t r ia l a reas in Delh i l ike wate r Shri Roshan Lal Garg, Returning Officer of the Elections of logging/sewerage/power supply/roads as well as labour laws the Federation while announcing the results of the elections issues which is affecting the day to day affairs of the units for the year 2016-18 stated that all the nomination papers have located in these industrial areas. He stressed the need of full been scrutinized thoroughly by him personally. He stated that fledged long term industrial Policy of Delhi which could all nominations received have been found valid. There is no cover all the issues such as VAT, Licences, Infrastructural contest involved, as there is only one nomination for each post

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of President, General Secretary, Joint Secretary, Treasurers Ministers of other State Government to exempt low cost and four Vice President and twenty two nominations were footwear having MRP Rs.500/- on lines with the Delhi and

Haryana Government so as to help the common man to use the low cost footwear in all the States. He also thanked the Delhi government for their decision to accede to Federation request for online registration of VAT. He mentioned that there are host of problems being faced by the trade and industry relating to NCT of Delhi Government such as anomaly in circle rates, variance in FAR, Obtaining NOC from the fire department, dispensing of MCD trade licence in industrial areas; allowing necessary commercial activities in industrial areas; grant of pollution clearance certificate , problems related to lack of infrastructure, maintenance of industrial estates and parking space in industrial areas in Delhi, The Federation has presented a Memorandum to the Hon'ble Chief Minister of Delhi.

received for Executive Council Members. The list of candidates stand elected unanimously unopposed to various posts has been placed elsewhere in this magazine.Thereafter the following Agenda was discussed and approved by the General Body of the Federation.i) Minutes of the Last Executive Committee

thMeeting held on 25 April, 2016.The minutes of the last Executive Committee meeting held on

th25 April, 2016 approved without any modification.ii) Annual Report, Audited Accounts and Balance Sheet for the Financial Year 2014-15The Annual Report, Audited Accounts and Balance Sheet for the financial year 2014-15 were approved.

Shri Jindal said that the membership of the Federation has iii) Appointment of Auditors for auditing the been increased during the last one year. He has requested all Accounts of the Federation for the year 2016-17 and fix members to extend their fullest cooperation to get more and their remuneration for 2015-16.more units enrolled as the members of the Federation so as to Re-appointment of M/s. Kumar Virender & Associates (CA) make the Federation a true spokesman of the industry. He also as Statutory Auditors for 2015-16 on remuneration of requested the annual members to get their membership Rs.7500/- per year was approved..upgraded into Life Membership. He thanked the President Submission of Annual Accounts and Annual Report by the and all office bearers and Executive Council members for Hony. General Secretarytheir cooperation and association in the discharge of his The Hony. General Secretary Shri Rajinder Jindal presented responsibilities as Honorary General Secretary of the the Annual Accounts and Annual Report of the activities Federation. The full text of the Hony. General Secretary undertaken during the year. He welcomed the Chief Guest

th Report has been circulated amongst the participants at the and Guest of Honours for agreeing to be present on the 28 meeting.AGM of the Federation. He stated that the Executive Then the President and other senior members of the Committee had been meeting regularly every month to Federation presented Bouquets to the Chief Guest Shri Arvind discuss important matters and issues affecting the member Kejriwal and Guest of Honours Shri Rajesh Gupta. Shri units such as taxation, land, labour and other problems Subhash Khandelwal, Shri Brijesh Goel. Subsequently the confronted by the Plastic and footwear Industry and the Chief Guest and Guest of Honour lit the lamp at the event.member units and take up suitably with the various wings of While welcoming the participants in large number to attend both Central and State Governments.the event, President Shri Sadhu Ram Gupta thanked Shri Giving a brief account of the major activities undertaken Arvind Kejriwal for accepting the invitation of the Federation during the year Shri Jindal said we have been insisting upon as Chief Guest. He also welcomed Shri Rajesh Gupta, Shri the Central Government for removal of anti dumping duty on Subhash Khandelwal, Shri Brijesh Goel for their benign PVC raw material, excise duty on footwear, abatement on presence at the AGM as Guest of Honours. He also thanked footwear, multiplicity of labour laws, single coordinating the President and General Secretaries of various industrial platform for MSMEs so that they can concentrate more on Associations, media, government officials, sponsors and also productive work. He thanked the Chief Minister and his members of the Federation. In his address he stated that the dynamic team of AAP Trade Wing for rolling back the Federation was formed 27 years ago and today it is considered proposed hike in VAT on low cost footwear having MRP as the watchdog and mouthpiece of the plastic industries. He Rs.500/-. He informed the participants at the AGM that the stated that plastic is an inevitable material in modern day life Federation has already pursuing with the various Finance

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Federation to make this exercise on self finance basis. He informed the participants that the Federation has already getting the services of Advisors/Experts on Central Excise, VAT, Service Tax, Labour Laws and thanked all these Advisors for their help and support to the members of the Federation. President also stated that there is a cut throat competition and we have to take care of costing, quality of our products so that we are able to exports as well.President thanked the General Secretary Shri Rajinder Jindal and other members who have made all-out efforts in enrolling life members and thanked them for their active support and cooperation during the year. He also thanked the Executive Secretary and the Secretariat for their efficient working. The Hindi version of his speech is given in this bulletin separately.

which has substituted natural resources like furniture, auto While thanking the Federation for organising the AGM with parts, leather, rubber, cloth, wood glass, cardboard and even huge gathering Shri Brijesh Goel, Convener of the AAP Trade metal and surgical instruments. Had the plastic not invented Wing informed the participants that the Wing has been created the availability of the natural substances would not have been to sorting out the issues and concerns of the trade and industry enough to meet the requirements of human beings. Hence, the located in Delhi. He quoted that Delhi Government in its plastic industry has its own importance in the present day budget has reduced VAT from 12.5% to 5% in many items scenario. being used by the common man. With the insistence of the The Indian Plastic industry is in a miserable condition due to Trade Wing, the Government has immediately within 24 Government's apathy towards its protection and grown and hours rolled back the enhanced VAT on low cost footwear, many manufacturing sectors including the plastic industry are readymade garments and plastic waste. He also informed that facing import duty problems as the duties on finished the Trade Wing has appealed to the Chief Minister to produces are lower than inputs, making domestic withdraw DS-1 in order to help the trader/dealers. He assured manufacturing uncompetitive and disappointing. Besides, that the genuine issues and concerns affecting the growth and anti dumping duty on suspension grade PVC has affected development of trade will be taken care off in future also. Indian plastic processing adversely and the entrepreneurs Most of the neighbouring State Government such as Haryana have been much concerned about the deteriorating state of and UP have announced schemes of Delhi Government such industrial manufacturing in the past few months. In today's as Bill Banwayo and Inam Pao and TIN Number etc., he scenario, the plastic industry is being operated in Delhi quoted. especially under MSME category and being a labour intensive In his Keynote address Shri Raj Kumar Gupta, while industry, this industry has been suffering i.e. shortage of land, welcoming the Chief Guest and Guest of Honour thanked high rates of rent, high rates of interest, high rates of labour them for rolling back of the VAT on low cost footwear and and raw material have adversely affected its cost of plastic scrap, stated that footwear industry is one of the key production. Besides this, today plastic industry in India is industries in Delhi contributing substantially to the exchequer facing stiff competition from China and other neighbouring of the Government. In Delhi more than two lakh people are countries, he stated. directly or directly attached with this industry. Small scale President informed that minimum wages have been increased factories which are operating in Delhi and the Footwear but labour laws are still required to be made industry friendly. industry give women empowerment. He said that China was He also stressed to the need of inducting Federation's considered to be hub of leather/non leather industry but today nomination on various Grievances redressal Committees India can take advantage to compete with China in the years formed by the Delhi Government so as to discuss the day to ahead. He stated that most of the footwear items imported day problems of the trade and industry. He requested the from China and Italy starting manufacturing in India and we Government to confirm the industrial areas already notified have very good opportunity to increase exports of footwear. and provide necessary amenities to the units operating in these He requested that Government should device a policy to place areas. footwear in various malls in Delhi so as to attract buyers to see President requested the participants to become members of for themselves the manufacturing capabilities of Indian the Federation so as to make it a forceful organization so that footwear industry. He informed the Chief Minister that the day to day problems, grievances and issues of the member footwear is made from different kind of materials such as units can be suitably taken up with the various authorities of PVC, EVA, PU etc. and in Delhi PU footwear is kept in red the Central and State Governments for their redressal. category and its definition was wrongly taken. In Haryana, Besides, the individual manufacturing unit may be facing PU footwear is in Green category and it is requested that it payment and other trade related problems with their suppliers, should be kept in orange or green category as there is no buyers and such issues can also be taken up with the pollution involved. He stated that the procedure for obtaining Federation which can help them to settle these cases. NOC from the fire department may be simplified. He stated He appealed the participants to give advertisement support to that power tariff in Delhi on the higher side and if power rates the Federation's monthly magazine which covers important are kept low, the industry can work in night shift also. Surplus articles, statistics, notifications, circulars, news, excise, vat power could be used at night so that the industry could be public notices etc. issued by the various departments of the competitive and this will reduce the overheads. Single Central and State Government. This would enable the window system should be introduced where all permissions

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and licences can be issued at one place only. He suggested that different industrial areas, the respective MLA can start

who in turn will bring to the notice of the Government.Shri Arvind Kejriwal, Chief Minister of Delhi while thanking the Federation's President, Shri Sadhu Ram Gupta, Shri Rajinder Jindal, Shri Raj Kumar Jain, Shri Ramesh Kumar video conference, once in a month, with the industry people, Dua and other senior members stated that he has patiently so that the day to day problems can be sorted out. He stressed listened to the views expressed during the discussions and the need of improving the infrastructure, maintenance and assured that he will look into the issues and concerns to the parking space in industrial areas of Delhi on PPP model, to best possible manner. He informed that his Government will begin with. He also informed the Chief Minister about help the trade and industry so that in turn they will generate anomaly in circle rates and stated that in some industrial areas employment to the masses in a big way. The Delhi the circle rates fixed by the Government is much more the Government will take care of the genuine issues of the actual selling price and as such these may be fixed as per the industry provided they should also pay their legitimate taxes actual rates prevalent in the area. He also bring the attention in time and assured corruption free Government and of the Chief Minister to specific issue of variance in floor entrepreneurs can operate their businesses with dignity and areas ratio, MCD trade licences in industrial areas, allowing honour and without any fear. Shri Kejriwal stated that the necessary commercial activities in industrial areas, refund of point raised in the discussions related to anomaly in circle VAT, amendment in Delhi factory Act and labour laws as well rates. He assured that his Government will reduce the circle rates after obtaining details on the subject by way of advertisements. He informed that his Government has already taken steps in this regard. He appealed to the traders attending the event to pay their taxes in time with honesty and sincerely so as to get more exchequers in Government kitty and in turn the Government will reduce VAT and taxes. While concluding his remarks, he suggested the President of the Federation to submit him the various points emerged during the discussions so that these can be sorted out, wherever possible. Thereafter Shri Sadhu Ram Gupta and Shri Rajinder Jindal presented a Memento and a Gita Rath to Shri Arvind Kejriwal, Chief Minister of Delhi as a remembrance to the event. Shri Ramesh Kumar Dua presented a Memento to Shri Rajesh Gupta, Guest of Honour. Shri R N Gupta, Patron Member of the Federation while proposing a vote of thanks acknowledges his gratitude to the as display centre in Delhi.Chief Guest whose vision and initiative have been Shri Rajesh Gupta, Guest of honour while congratulating the instrumental in giving a new direction to the Industry. Shri President and other senior members of the Federation for Gupta expressed his thanks to Shri Rajesh Gupta, Guest of organising the event stated that he is fully aware of the Honour, for sparing his time for the AGM and addressed the problems and grievances of the industry as he himself belongs participants. to the footwear industry and fully aware of the issues and While summing up, Shri Gupta hoped that the Plastic industry concerns of the Industry. He requested the Chief Guest to will achieve its targets for overall growth of the country's look into the problems of the plastic industry in a practical economy in the years ahead and creation of jobs for millions way and assured the participants that he will do everything

possible to see that the genuine issues of the industry will be of people in the country. The meeting ended with a vote taken care of. He has advised the entrepreneurs to meet and of thanks to the Chair.discuss the specific problems with their respective area MLA

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MSME News


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PLASTIC INDUSTRYPLASTIC INDUSTRYJUNE 2015 32

MSME News


EXTRACT OF THE LETTER WRITTEN TO HON'BLE PRIME THMINISTER AND FINANCE MINISTER ON 18 JULY 2016

Sub: Request for Excise duty on non leather footwear should be at par with the Leather footwear i.e. above Rs.1000/- @ 6% instead of

12% and also treat footwear as footwear only irrespective of material used in its manufacturing

We are indeed thankful to you and your team of officials, for @ 12%. Hence we would request that non leather footwear formulating the Union Budget 2016-17 wherein you have made a should also attract excise duty on above MRP Rs.1000/- @ 6% roadmap for growth of trade and industry in the coming years. instead of 12%.We are particularly grateful to you for reduction in excise duty on We would like to mention here that the majority of the footwear rubber sheets and resin rubber sheets for soles and heels is today is produced from synthetic leather, PVC, PU and fabric expected to have a positive impact on the footwear industry. uppers which provide durable quality footwear at reasonable However, the main plea of the non leather footwear industry to prices and non leather footwear are produced in small scale treat the same at par with the leather footwear might have escaped manufacturers whereas leather shoes and uppers are produced by your attention due to an oversight. large scale units. Besides this, the non leather footwear is being Sir, we may bring to your kind notice that Indian Footwear used by lower strata of society and these units employ unskilled industry especially Non leather footwear (which is mostly run by and semi-skilled labour force.Small and Medium Industry and provide a good number of In view of the above, we would approach your good self to kindly employment) is being run in a miserable conditions due to high consider our request of treating footwear as footwear only cost of as Anti dumping duty on import of resin and other raw (whether leather or non leather), and apply excise duty at par with material and in flow of finished footwear from China and other the leather footwear i.e. above MRP Rs.1000/- @ 6% as in the neighbouring countries at lower rates. case of leather footwear. In our Pre Budget Memorandum, we have appealed to you to We shall be highly obliged if you may kindly consider our request treat footwear as footwear only (whether leather or non-leather) in the overall interest of the small scale footwear industry which and excise duty on non leather footwear should also be kept at par will help the economy to create more employment and meet the with the leather footwear. We would like to mention here that the Prime Minister drive of Make in India and increase growth in leather footwear is enjoying less excise duty i.e. 6% of above exports.MRP of Rs.1000/- whereas non leather footwear is kept at above

Delhi Government open to revising, circle rates, will seek public opinion

The Delhi government might soon revise circle rates, the High circle rates might lead to a slump in buying and selling of minimum amount needed to register properties, after businesses property in the area — as buyers think a plot might not fetch high complained that high tariffs at present were hurting the realty enough returns — and cause a loss of revenue to the government.sector in industrial areas. The city administration has increased circle rates four times since The Aam Aadmi Party administration decided to review circle 2011, the last during President's Rule in September 2014. In rates in Delhi on Monday as Gurgaon slashed its tariffs by 15%. contrast, circle rates have remained the same in Gurgaon in the The move came after traders complained circle rates were higher last two years.than the market prices of properties in many areas. At a function in Udyog Nagar on Monday, some industrialists and “New circle rates will be notified after taking public opinion. The traders requested chief minister Arvind Kejriwal to review circle process of seeking public opinion could begin next week,” said rates, especially in industrial areas.Brijesh Goyal, convener of the AAP's trade wing. “The chief minister assured the gathering that he will look into Circle rates are important because they form the basis of stamp the issue and get the anomalies rectified,” said Goyal.duties and registration charges for a property, important sources He said the industrialists counted anomalies in the property rates of revenue for the government. There are 29 industrial clusters in as one of the biggest problems in industrial areas as the sale and the city. purchase of properties had come to a standstill.“The chief minister has assured the industrialists that he will “The circle rate of an industrial plot in Narela is `92,400 per review the circle rates,” said a Delhi government spokesperson. square meter. By that rate, the total circle rate amount for a 350 The rates are revised periodically and are decided on the basis of square meter industrial plot will add up to 3.23 crore. And the the municipal category it falls under. Delhi's municipal existing market rate of the same plot would be in the range of Rs corporations have divided the city into eight categories, from A to 1.5 to 1.75 crore,” a real estate agent said.H, in decreasing order for affluence. Source: HT

MSME News


Income Tax Department to issue 7 lakh letters seeking Information in respect of High Value Non PAN Transactions

Under the Annual Information Returns (AIR), various types commencement of the financial year including the existing of high-value transactions were being reported to the Income date, taking into account, inter-alia, the following: Tax Department. These include reporting of cash deposits of (I) The genesis of the current financial year and the studies Rs.10,00,000 or more in a saving bank account, sale/purchase made in the past on the desirability of change in financial of immovable property valued at Rs. 30,00,000 or more, etc. year; Many of these transactions do not have PAN linked to it. The (ii) The suitability of the financial year from the point of Department has details of about 90 lakh such transactions for view of –the period 2009-10 to 2016-17. The Income Tax Department a. correct estimation of receipts and expenditure of Central has with the help of in-house computer techniques, grouped and State Governments; such non-PAN transactions and identified 7 lakh high-risk b. the effect of the different agricultural crop periods; clusters having around 14 lakh non-PAN transactions which c. the relationship of financial year to the working season; are being scrutinized by the Income Tax Department closely. d. impact on businesses;

e. taxation systems and procedures; The Department will be issuing letters to the parties of these f. statistics and data collection; transactions requesting them to provide their PAN number g. the convenience of the legislatures for transacting budget against these transactions. For the convenience of the parties work; and to whom these letters are addressed, a new functionality on e- h. other relevant matters. filing portal has been developed wherein they can own up The Committee may, after due examination of all relevant transactions and provide structured response electronically. factors, recommend the date of commencement of the The parties can log-in to their e-filing website and by quoting financial year which in its view is the most suitable for the a Unique Transaction Sequence Number provided in the letter country. sent to them, can link their transaction with their PAN easily. In case a change in the financial year is recommended, the They will also be able to give a response to this letter Committee may also work out the modalities for effecting electronically by choosing the option of either owning up the the change. This would inter-alia include: transaction or denying the transaction as their own. The (I) appropriate timing of change; responses received from such parties online will be examined (ii) the determination of a transitional period; by the Department. The Department will initiate further (iii) the change in tax laws during the transitional period; necessary action in those cases where no replies are received. (iv) the amendments that may be required in various

statutes; andThe members of public who receive such letters are requested (v) changes in the coverage of the recommendations of the to kindly cooperate in the matter. They may use the Finance Commission. Departmental helpline to ask questions, as far as possible, The Committee may interact with experts, institutions, instead of making direct contact with any officials of the Government Departments and others as deemed necessary. Income Tax Department. Members of public are advised not The Committee is expected to soon convene its first to entertain any claims from unscrupulous elements who may meeting.offer their help in complying with such communication by This information was given by Union Finance Minister falsely representing themselves to be the agents of Income Shri. Arun Jaitley today in reply to a Rajya Sabha question. Tax department in the matter Model Law for Labour for opening Malls and Shops Synchronisation of financial accounting year with 24x7 calendar year The Government have framed the Model Shops and Government has constituted a Committee to examine the Establishment (Regulation of Employment and Conditions of desirability and feasibility of having a new financial year Service) Bill, 2016 and it has been circulated to all States for and give its recommendations by 31st December, 2016. adopting the same as it is or modifying their existing State The terms of reference (ToR) of the Committee are as Shops and Establishment Act as per their requirement. The under: Model Bill will cover only establishments employing ten or Examine the merits and demerits of various dates for the more workers except manufacturing units.

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The main provisions of the Model Bill inter-alia, include electricity connection has been adopted after detailed freedom to operate 365 days in a year and opening/closing discussions with Delhi and Maharashtra Discoms and other time of establishment. Provision for women to be permitted concerned agencies. DERC has made the necessary changes during night shift if the provisions of shelter, rest room ladies to allow LT connection up to 150 KVA and had also toilet, adequate protection of their dignity and transportation rationalized the tariff for the same in 2015. etc. exists. No discrimination against women in the matter of Ministry has also stipulated time for each step required for recruitment, training, transfer or promotions. Online one providing the connection. Within three days of online form common registration through a simplified procedure, powers submission for electricity connection, the field inspection of of Government to make rules regarding adequate measures to the site will be done, which will lead to the process to estimate be taken by the employer for the safety and health of workers, preparation, load sanction and intimation for fee deposit to be provision of clean and safe drinking water, lavatory, first aid completed in next four days. After this, installation work etc and crèche and canteen by group of establishments, in including meter and flow of electricity will be done in eight case, it is not possible due to constraint in space or otherwise days, thus completing the whole process in 15 days. by individual establishment, five paid festive holidays in While applying for connection, consumers in Delhi and addition to national holidays etc. Mumbai will be required to provide the self certification for The enhancement of working hours in shops and type of consumer along with ID proof and premises establishments 24x7 with adequate provision for protection of ownership. An amendment to CEA notification have been the workers will give rise to requirement for additional made to waive off electrical approval for 11 KV installation manpower which will result in additional employment and carried out by Discoms and allowing self certification by also leading to further growth in jobs especially in the retail, Discoms engineers in such cases. IT, hospitality and services sector. It has been agreed by the Discoms that reliability of Power This information was given by Shri Bandaru Dattatreya, the supply will be improved progressively each year till Minister of State (IC) for Labour and Employment, in reply to international benchmark are achieved. An amendment in CEA a question in Rajya Sabha today. notification for allowing installation of transformers up to 500 Power Ministry Undertake Several Steps to Ease the KVA on double pole structure has also been made. Apart from Process of “Getting Electricity” Connection these initiatives, a simplified online mechanism for Right of Ministry of Power has undertaken several reforms measures Way (RoW) approval process for electrical works is also to ease the process of 'Getting Electricity' over a period of last under process. two years. The Government has made it mandatory to provide These measures will drastically reduced the time taken for electricity connection within fifteen days to the consumers in getting an electricity connection and will benefited citizens normal conditions. A simplified procedure for getting and industry alike.

Charleston County Aims To Reduce Contaminants In Recycling Program

Andrew Quigley, Charleston County's new environmental recycling services for the Horry County Solid Waste management director, prefers to call it “wishful recycling.” Authority.

“I think what we're dealing with is a lot of material that people “When you're processing about 15 tons an hour, and that wish they could recycle. Therefore, we need to do a better job happens two or three times a day, that's 10 or 15 tons of of telling people what we can recycle,” he said. material that we can't process,” he said.

Take garden hoses, for instance. People might not like to think Plus, items like soiled diapers and batteries can ruin a load of about a snaking piece of thick rubber ending up at the landfill, otherwise useful recyclables.so they toss them in with the recycling instead of the trash.

Charleston County sends about 3,000 tons of recyclables Good intentions or not, contaminants are a costly problem for every month to the processing plant in Conway. Quigley said the county's recycling program. A single garden hose is there's an expectation that about 15 percent of each ton will be enough to shut down the processing plant in Horry County, contaminated, and the county has been slightly exceeding that where Charleston County's recycling has been sent for the recently.past year. The same can be said for wads of plastic bags, cables

He said the best way to reduce the amount of rejected waste is or pieces of scrap metal.

to continue educating residents about which items are allowed They jam the machine's sprockets and cause it to seize up, like in the single-stream recycling bins.an overworked vacuum. It can take 30 minutes or more to get

“If that material isn't in there, we don't have to pay for it in it back up and running, said Mike Bessant, director of

the future,” he said. Source : postandcourier.com

MSME News


UK's Plastic Waste Accumulating In The Arctic

Plastic rubbish from the UK is accumulating in the Arctic and up in the oceans and make sure it degrades quickly and safely damaging one of the most fragile and remote ecosystems on if it does."Earth, say scientists. The team's findings are on show at the Royal Society Summer Researchers tracked the waste trail as the plastic was flushed Exhibition in London this week.into the sea from British coastlines. Millions of tonnes of plastic are washed into the ocean each They found that rather than washing back up on beaches or year. In 2010 an estimated 4.7 million to 12.7 million tonnes sinking to the ocean floor, much of it spent two years drifting entered oceans around the world.towards the Barents Sea north of Norway before ending up in Plastic flushed into the sea has a wide range of sources, the Arctic. including storm water discharges, poorly filtered waste water, Lead researcher Dr Erik van Sebille, from Imperial College sewage overflows due to heavy rain, illegal dumping, industry London, said: "We're only just beginning to understand the and litter dropped on beaches.effect that plastic waste has on the fragile Arctic ecosystem, Once at sea, wind and ocean currents can transport the rubbish but we know enough about the damage done by oceanic across the globe.plastic pollution to act and reduce its impact on our oceans and The action of sunlight and waves also degrades plastics, coastlines. breaking them down into microscopic pieces that can be "From seabirds caught in loops of plastic packaging to ingested by marine animals.polystyrene particles blocking the digestive systems of fish, Of all the plastic that has ever entered the ocean, it is estimated plastic causes a continuous path of destruction from surface to that just 1% - between 7,000 and 236,000 tonnes - is floating sea floor. This analysis shows how in the UK we're part of the on the surface. The rest sits below the surface, on beaches, or problem. in the stomachs of fish and crustaceans."It would be impossible to ban plastic, and undesirable as it is, In 2014, global plastic production increased by 4%, rising to it's a useful material that offers many benefits. We should 311 megatonnes, 40% of which was used for packaging.instead have a holistic approach to improving the situation, Britain is one of the biggest users of the material in Europe and including social and behavioural, chemical and engineering accounts for 7.7% of the plastic demand of the 28 EU solutions - aiming to minimise the amount of plastic that ends countries.

Source : heraldscotland.com

Canada Reports Plastic Recycling Growth

The Canadian Plastics Industry Association (CPIA) has “We are proud to report that 78 percent of the plastic material released a report titled “2014 Post Consumer Plastics reported was reclaimed in Canada or the USA. This amounts Recycling in Canada,” informing Canadians that their to more than 250 million kilograms,” says Carol Hochu, recycling efforts continue to increase the amount of president and CEO of CPIA.postconsumer plastic packaging being recycled across The reported plastic quantities represent an increase of Canada. 800,000 kilograms (nearly 2 million pounds) for bottles and While recycling rates in general across Canada are stagnant, an increase of 7.8 million kilograms (17 million pounds) for there is an additional 3 percent of plastic being recycled in bags and film, in large part because of plastic bags and film 2014 compared with 2013, as reported by Moore Recycling that are collected through curbside recycling programs.Associates Inc., Sonoma, California. This increase is “Canada's plastic recycling infrastructure is well-established primarily the result of more plastic packaging collected for and working hard to increase recycling opportunities for recycling, specifically plastic bags and film and high-density everyone,” says Krista Friesen, vice president of polyethylene (HDPE) No. 2 bottles. In total, at least 320.7 sustainability at CPIA. “With CPIA's efforts and the million kilograms of postconsumer plastic were collected in entrepreneurship of the Canadian plastics recycling industry, Canada for recycling, according to the report. the survey results show the industry is integral to the circular The results are derived from a voluntary survey that is sent out economy. While a 3 percent increase may not seem like much, to more than 500 companies that handle recycled plastics in it is important to remember that we are seeing continued North America. These companies include reclaimers, improvement in the light weighting of packaging, so to realize exporters, brokers, material recovery facilities (MRFs) and any increase means that a larger volume of plastics were other handlers of used plastics. recovered.”

Source : recyclingtoday.com

MSME News


Foreign Investment under 'MAKE IN INDIA' Programme

The `Make in India' initiative was launched in September, improving ease of doing business in the country. Steps are 2014 with the aims of promoting India as an important being taken for development of support infrastructure to investment destination and a global hub for manufacturing, facilitate setting up of industries such as transport design, and innovation. Thereafter, during the period October, infrastructure, utility infrastructure etc. The Department of 2014 to May, 2016, the FDI equity inflow has increased by Industrial Policy and Promotion has advised Ministries and 46%, i.e. from US$ 42.31 billion to US$ 61.58 billion in State Governments to simplify and rationalize the regulatory comparison to previous 20 months (February, 2013 to environment through business process reengineering and use September, 2014). FDI inflow has also increased by 37% from of information technology.US$ 62.39 billion to US$ 85.75 billion. India has been ranked

Company wise classification of the investment based on the rd3 in the list of top prospective host economies for 2016-18 in programme is not maintained centrally. However, sector-wise the World Investment Report (WIR) 2016 of UNCTAD. details of investment received through Foreign Direct

Investment (FDI) equity inflows after launch of `Make in To further boost the entire investment environment and to India' programme in September, 2014, are at Annexure-I.bring in foreign investments in the country, the Government is

taking various measures like opening up FDI in many sectors; Year wise details of the increase in FDI inflow during the last carrying out FDI related reforms and liberalization and three financial years are as follows:

All figures are provisional subject to reconciliation with RBI. (Independent Charge) in the Ministry of Commerce &

Industry Smt. Nirmala Sitharaman in a written reply in Rajya • Compared with figures of Financial Year 2012-13 i.e. Sabha today.US$ 34.30 billion.

This information was given by the Minister of State

'START-UP INDIA'-Coverage and Eligibility

Till date 728 applications have been received in the Startup governments and administration of Union Territories to set up India portal. Out of them, 180 applications are complete and hub as well as incubators to help Startups during various have been recognized as startups by Department of Industrial stages of their life cycle.Policy and Promotion (DIPP). Only 16 applicants are (ii) Startup Recognition: Till date (18.7.2016), 728 incorporated after 1.04.2016 and are thus eligible for applications have been received for Startup Recognition. Out consideration for tax benefits, as per the Finance Act 2016. of them, 180 applications are complete and are recognised as a The applications for tax benefits are examined by the Inter- startup by DIPP. For remaining applications, Startup India Ministerial Board. 3 applications were considered and one has Hub provides handholding support to facilitate recognition of

nd more and more Startups.been recommended for tax benefit in the 2 Inter Ministerial (iii) Chief Secretaries of all States and Administrators of all Board meeting held on 28.06.2016.Union Territories have been requested to partner with DIPP in Startups have been defined vide Notification No. 180(E)

th taking the Startup India initiative forward;dated 17 February, 2016 of this Department. To increase the (iv) Top 50 companies in India have been requested to coverage of Startups in the country under the Startup India contribute towards strengthening the incubation facilities in Action Plan the following steps have been taken:-the country through their Corporate Social Responsibility (i) Startup India Hub: Startup India Hub has been set up to (CSR) initiatives;resolve queries and provide handholding support to Startups. (v) List of recognized incubators has been augmented to To seek clarifications pertaining to Certificate of Recognition provide more avenues to Startups to obtain mentoring as a “Startup”, Certificate of Eligibility to avail tax benefits, support. 20 industry bodies and organisations have been information on incubators or funding, one can get in touch recognized by DIPP who will assess the innovative nature of with the Hub on Toll-Free number: 1800115565 or email: id Startups and provide certificates to enable them to get [email protected]. Dedicated professionals are handling recognition from DIPP.over 200 queries per day. DIPP has requested State

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(vi) For incubators to get recognition by Government of India harnessing private sector expertise to set up incubator, annual a module to recognize incubators has been launched. This will grand challenge for innovative solutions to problems posed by allow them to issue recommendation letters to Startups. industry and Government Departments, annual grand (vii) A panel of facilitators has been constituted to assist challenge for incubators and establishments of tinkering labs Startups file Intellectual Property applications. DIPP has have been formulated and have been published on NITI decided to bear the facilitation cost on behalf of Startups. To Aayog's and Startup India websites.avail this benefit, the certificate of eligibility from the Inter- (vi) Relaxed Norms for Public Procurement: Relaxed Ministerial Board was required which has been dispensed norms for public procurement for micro and small enterprises with. Now a certificate of recognition is sufficient to avail this have been provisioned in the Procurement Policy of Ministry benefit. of MSME.Startup India Action Plan envisages spreading of the Startup (vii) IPR Benefits: A panel of facilitators has been constituted movement beyond the digital/technology sector to a wide for assistance in filing Intellectual Property applications. array of sectors including agriculture, manufacturing, social DIPP would bear the facilitation cost on behalf of Startups and sector, healthcare, education etc. and from existing tier 1 cities also provide rebate in the statutory fee for filing of to tier 2 and 3 cities including semi-urban and rural areas. application. To avail IPR-related benefits (rebate in fee and The measures which have been implemented under Startup free of cost facilitation in filing IPR applications), a Startup is India Initiative till date in addition to those mentioned above required to obtain a Certificate of Recognition from DIPP. A are as follows: detailed guideline of the Scheme for Facilitating Start-ups (i) Startup India Portal and Mobile App: These have Intellectual Property Protection has been published online been launched as online platform for providing updates, whereby Government shall bear the entire fees of the information, recognition and eligibility certificates to facilitators. Facilitators shall provide assistance for startups in Startups and other stakeholders. Till date (18.7.2016), 728 filing and disposal of patent applications related to patents, applications have been received. Out of them, 180 trademarks and design under relevant Acts. Fast track applications are complete and the applicants are recognised as mechanism of startup patent applications has been enabled to startups by DIPP. Only 16 applicants are incorporated after allow startups to realise the value of their IPRs at the earliest 1.04.2016 and are eligible for tax benefits. Out of these, 3 possible. Further, to enable startups to reduce costs in their

nd crucial formative years, startups have been provided an 80% applications have been considered in the 2 meeting of Inter-rebate in filing patents (Patent Amendment Rules 2016, May Ministerial Board (one has been recommended for tax 2016).benefits and other two have been disallowed).With the above measures, Government of India envisages to (ii) Fund of Funds: A 'fund of funds' (FFS) of INR 10,000 improve the participation of startup entrepreneurs in the crores to support innovation driven Startups has been Startup India programme across the country.established which shall be managed by SIDBI. The fund will

invest in SEBI registered Alternative Investment Funds (AIFs) which, in turn, will invest in Startups. It will act as an enabler to attract private capital in the form of equity, quasi-equity, soft loans and other risk capital for Startups. Rs. 500

India-EU Negotiations crore has been released to SIDBI in FY2015-16 and Rs. 600 Post Brexit, India was happy to receive the Chief negotiator of crore in FY2016-17. First meeting of Venture Capital

th European Union for India – EU Broad Based Bilateral Trade Investment Committee (VCIC) was held on 12 July, 2016, & Investment Agreement (BTIA) negotiations. Chief wherein 13 proposals were examined for funding under FFS.Negotiators of India & European Union held a meeting today (iii) Tax Incentives: The Finance Act, 2016 Section 80- IAC in New Delhi to discuss the status of the on-going negotiations has provision for Startups (Companies and LLPs) to get for BTIA. income tax exemption for 3 years in a block of 5 years, if they Since 2007, when the India-EU BTIA negotiations started, 16 are incorporated between 1st April 2016 and 31st March 2019. rounds of negotiations have been held at the level of Chief To avail these benefits one must get a Certificate of Eligibility Negotiators. The last round of negotiations was held in 2013 from the Inter-Ministerial Board. Tax exemption on and thereafter negotiations had been suspended. investments above Fair Market Value have been introduced In today's meeting, negotiating positions were established on on 14 June 2016for investments made in Startups.a few pillars that are critical components of BTIA . The (iv) Self-Certification: Central pollution Control Board language of Indian negotiations reflected the concerns of (CPCB) has exempted 36 industries in “white” category from Indian industries in some sectors and expressed willingness to all the applicable self-certifications under the 3 environment address outstanding issues as an integral part of the Acts (The water (Prevention & Control of Pollution) Act, negotiations. India is committed to proceed with the 1974; The Water (Prevention & Control of Pollution) Cess negotiations with a hope to conclude the FTA as early as (Amendment) Act, 2003 and The Air (Prevention & Control possible. of Pollution) Act, 1981).Ease of Doing Business initiatives implemented by DGFT(v) Atal Innovation Mission (AIM): The guidelines for

This information was given by the Minister of State (Independent Charge) in the Ministry of Commerce & Industry Smt. Nirmala Sitharaman in a written reply in Rajya Sabha.

MSME News


The DGFT, Dr. Anup Wadhawan, interacted with the imports reduced to 3 each for export and import. Earlier 7 exporters today on the issues of Trading Across Borders and documents were required for exports and 10 for imports. Foreign Trade Policy in an interactive session organized DGFT in January 2016 has also specified that any violations jointly by the Department of Industrial Policy & Promotion, in this regard should be brought to the notice.CII and FIEO in Mumbai today. Joint Secretary, DIPP, Shri • A major simplification was carried out for the first time Shailendra Singh, Joint Secretary, Customs, Shri Satya exporters who are required to obtain Import Export Code. Srinivas and many other senior officers participated in the DGFT did away with the issuance of physical copy of IEC and discussions. introduced IEC wef Apr1, 2016. The application, processing In response to questions raised by the exporters on the major and issuance was completely made online where no physical initiatives taken by DGFT/ Department of Commerce to application was required to be submitted.promote trade and improve Ease of Doing Business, DGFT • IEC has been integrated with eBIZ portal of DIPP so firms briefly summarized the major initiatives relating to policy have a choice to use either DGFT or eBiz portal for making an simplification, reducing cost of capital through interest application. IEC and EPCG applications have been integrated subvention, document reduction, IT initiatives like online with eNivesh portal implemented by PMG set up by Cabinet filing of applications, creation of trade portal and training and Secretariat.outreach activities. • DGFT exchanges data with Customs, Banks and EPCs The following are the highlights of the important initiatives: through EDI message exchange system, reducing physical A-New Foreign Trade Policy interface of clients and fraud possibilities.

st • Exporter can now file online applications for IEC, Advance • The New Foreign Trade Policy (2015-20) launched on 1 License, MEIS, SEIS etc., pay application fee online and April, 2015 with emphasis on improving the 'Ease of Doing check status of their applications.Business' for export import business.• Use of electronic bank realization certificate (eBRC) system • The New FTP consolidated 5 different schemes for has been extended. The eBRC system captures details of the rewarding merchandise exports under the earlier policy into a foreign exchange received by exporters through the banking single scheme, namely Merchandise Exports from India channel. This data is shared with 13 state governments who Scheme (MEIS).may use it for processing of VAT refunds. DGFT is in • MEIS introduced on April 1, 2015, is a precise scheme discussing with the GST team for integrating this information wherein lines are specified at HS 8 digit.with the GST network.• As MEIS incentives were country group specific, exporters • 'Aayat Niryat' Forms have been simplified, bringing in were required to submit landing certificate as a proof of clarity in different provisions, removing ambiguities and landing of consignment in the destination country. Exporters enhancing electronic governance.requested doing away with the Landing Certificates as • DGFT has launched a new look website making it more user-obtaining landing certificate was an avoidable cost.CIM friendly and easy to navigate. It has a large dynamic approved extending MEIS benefits for the already notified component whereby the trade community can file products to all countries, which was implemented wef May 4, applications online for IEC and various other schemes of 2016. This afforded dual benefit for most exporters as not only DGFT. The exporters can also see the status of their electronic the landing certificate was dispensed with, the MEIS benefits Bank realization certificates in almost real-time. The website were also extended to cover all countries.is rich in content with all documents related to Foreign Trade • A major initiative has been taken for the services exporters. Policy along with a responsive online grievance redressal The scrip issued under the Served From India Scheme of the system.Error! Hyperlink reference not valid.remained • Complaint Resolution System: Over 6000 EDI related issues underutilized as could only be used for import of certain goods of the exporters resolved since April 2015 through the for use of the exporter. Now, the new scheme, theServices Complaint Resolution System. In addition, over 650 issues Exports from India Scheme (SEIS) introduced in the new FTP resolved since in past 2 months through the Twitter handles of removed all such restrictions. The scrip now can be used for DGFT and mc.twitterseva.commaking payment of duties or can be transferred.C-Other important measures:• Indian exporters pay high rate of interest on the capital • Board of Trade was reconstituted, the first meeting chaired borrowed. Interest Equalization Scheme notified by RBI on by CIM was held on 06.04.2016. 13 Ministries / Departments 4.12.2015, reduces cost of capital by allowing 3% interest and 34 Trade bodies/ organizations took part. Action initiated equalization on Pre and Post Shipment Rupee Export Credit to on the recommendations.eligible exporters. All products manufactured and exported by • In the last two years, 46,000 new and prospective exporters SME eligible. For the rest, scheme available on 416 HS 4 digit have attended the Niryat Bandhu outreach programs through lines. Upto March 2016, benefit to the tune of Rs. 1432.90 the regional offices of DGFT. DGFT conducted outreach Crore has been passed on to eligible borrowers.activities at 34 clusters, as part of Niryat Bandhu. In addition, B-Ease of Doing Business and IT initiativesan online training programme was started with the Indian • Number of mandatory documents required for exports and

MSME News


Institute of Foreign Trade (IIFT) for first time entrepreneurs. trade missions, Tariff and Trade data of India's major trade So far, 303 participants (all IEC holders), comprising 34 partners, Export Market Reports, and Trade Agreements etc.females, have undergone this online certificate course. 8 such The efficacy of these initiatives is reflected in the fact that the courses are envisaged in the current financial year. annual trade data indicates that the share of the manufacturing • An ambitious FTA outreach programme has been launched sector in India's total exports has increased from 64% in 2014-to reach out to the exporters located in the 34 major export 15 to more than 69% in 2015-16. The analysis carried out by clusters/cities. The programmes focus on training exporters to DGCIS shows that important sectors like Drugs and utilize the Free Trade Agreements-Taking inputs from Pharmaceuticals, Organic and Inorganic Chemicals, exporters on FTAs under negotiations for example Regional Electronic Goods, Cotton Yarn/Fabrics/Made-ups & comprehensive economic policy (RCEP). Handloom Products, RMG of all Textiles and Plastic and • Indian Trade Portal launched by Department of Commerce Linoleum have recorded significant increase in 2015-16 over and managed by FIEO displays information useful for export 2014-15.import. It contains the Trade enquiries uploaded by Indian

Cabinet approves various bills related to Benami transactions prohibition, skill development and setting up of new AIIMS

Cabinet approves amendment in the Benami Transactions Pradesh under Pradhan Mantri Swasthya Suraksha Yojana (Prohibition) amendment Bill, 2015 -- The Union Cabinet (PMSSY). chaired by the Hon'ble Prime Minister Shri Narendra Modi The cost of the project for establishment of the new AIIMS in has given its approval for introducing amendments to the Gorakhpur shall be Rs. 1011 crore. The above cost estimate Benami Transactions (Prohibition) (Amendment) Bill, 2015 does not include recurring costs (wages & salaries and in Parliament. The amendments aim to strengthen the Bill in operation & maintenance expenses). This recurring terms of legal and administrative procedure so as to overcome expenditure will be met by the respective new AIIMS from the practical difficulties which may arise in the their annual budgets through Grant-in-Aid to them from Plan implementation of the provisions of the Bill when it becomes Budget Head of PMSSY of Ministry of Health and Family an Act. The legislation is also intended to effectively prohibit Welfare. The institution shall have a hospital with capacity of benami transactions and consequently prevent circumvention 750 beds which will include Emergency/Trauma Beds, of law through unfair practices. It empowers the Government AYUSH Beds, Private Beds and ICU Speciality & Super to confiscate benami property by following due procedure. It Speciality beds. In addition, there will be an Administration therefore promotes equity across all citizens. However, those Block, AYUSH Block, Auditorium, Night Shelter, Hostels who declare their benami properties under income declaration and residential facilities. scheme will get immunity under the Benami Act. Cabinet approves signing of Air Services Agreement Cabinet approves a MoU signed between India and the between India and Mozambique -- The Union Cabinet has Swiss Confederation for cooperation in skill development approved signing of the Air Services Agreement between - The Union Cabinet chaired by the Hon'ble Prime Minister India and Mozambique. Presently there is no Air Services Shri Narendra Modi has given its ex-post-facto approval for a Agreement between India and Mozambique. To promote the Memorandum of Understanding (MoU) signed between India air connectivity between the two countries, the two sides and the State Secretariat for Education, Research and initiated the process of consultation in 2011 to finalize the text Innovation of the Swiss Confederation for cooperation in skill of Air Services Agreement. development. The MoU was signed on 22.6.2016 during the Cabinet approves construction of a New Dry Dock of visit of a delegation led by the Minister of State (Independent Cochin Shipyard Limited -- The Cabinet Committee on Charge) for Skill Development and Entrepreneurship to Economic Affairs has given its approval for construction of a Switzerland from 20th – 22nd June, 2016. new dry dock within the existing premises of Cochin Shipyard The MoU broadly focuses on capacity building and exchange Limited (CSL) at an estimated cost of Rs.1799 crore to of best practices in the area of skill development. The MoU augment the shipbuilding / repair capacity of the country. envisions the establishment of Joint Working Group (JWG) to The objective is to augment the shipbuilding/ ship repair create, monitor and review the implementation framework for capacity essentially required to tap the market potential of the MoU. The MoU will establish a framework for bilateral building specialized and technologically advanced large cooperation between the two countries in the area of skill vessels such as Liquefied Natural Gas (LNG) vessels, development and will formalise and deepen this partnership. Indigenous Aircraft Carriers of higher capacity, Jack up Cabinet approves establishment of new All India Rigs, Drill ships, large Dredgers and repairing of offshore Institutes of Medical Sciences at Gorakhpur - The Union platforms and larger vessels. This big sized dry dock is a Cabinet chaired by the Hon'ble Prime Minister Shri Narendra critical requirement of CSL to promote ship building and is Modi has given its approval for establishment of new All India a step in the direction of "Make in India" initiative of the Institutes of Medical Sciences (AIIMS) at Gorakhpur in Uttar Government.

MSME News


Indian economy can have 25% share of mfg by 2025: ReportIndia is expected to increase the share of manufacturing in the Arun Singh, Lead Economist, Dun & Bradstreet India, said. overall economy to 25 percent by 2025 from the current 16 Indian manufacturing companies will have to adapt and percent on account of various measures taken by the increase their focus on developing advanced manufacturing government, Dun & Bradstreet said. capabilities if they wish to stay competitive at the higher ends The various steps taken by the government in terms of of the value chain, he added. measures for ease of doing business, creation of conducive Singh also said that consumption as well as investment environment for the manufacturing activities, focus on demand is likely to remain healthy, support overall growth improving industrial policies and FDI enhancement would aid momentum and push India's nominal GDP to reach USD 6.4 in reviving the manufacturing sector and achieving global trillion by FY 2025 with real Gross Value Added expected to competitiveness, it said in a statement. grow at an average rate of 7.9 percent till FY 2025. "We expect India to realise the target of 25 percent share of The manufacturing sector is expected to be the major driver of manufacturing in overall economy at best by 2025. Going growth in the coming decade, he said. forward, changing economics of production and distribution Dun & Bradstreet's "Manufacturing India 2025" report was and frequent shifts in consumer demand will require released by Amitabh Kant, Chief Executive Officer, NITI manufacturers to adopt new process and make new products," Aayog.

Ecom platform can give SMEs access to global markets: TeaotiaE-commerce platform is fast emerging as a new trend in and Commonwealth Secretariat, London.global trade and SMEs should use this medium to get direct As SMEs play an important role in exports, manufacturing access to the world markets, a top government official said and employment generation, there is a need to address their today. issues related with regulations, intellectual property rights Commerce Secretary Rita Teaotia said the e-commerce and standards, the secretary noted.platform significantly reduces the interference of middleman This would help them in linking effectively with the global and can provide best value for the products manufactured by value chains, she added.small and medium enterprises (SMEs). Easy access to credit and technology are also important to "We should make use of new trends in global trade. Use of e- move them up to the value chain, she said, adding Indian commerce platform could provide market access across manufacturing activities needs to be located in least borders. In the long run, e-commerce will increasingly developed countries also.become a significant route to create opportunities for SMEs to It would help in giving access to the markets of developed have direct access to the world markets and to get the best countries as the least developed countries (LDCs) get duty value for their products," she said here. preferences in those markets.She was speaking at a function organised by Federation of Talking about the LDCs, the secretary said India has given Indian Micro and Small and Medium Enterprises (FISME) huge market access to the products of those countries

Plastic Park to be developed in Panipat at a cost of Rs 220 crores

With the view to promote plastic industry in the state, Haryana India Ministry in its 9th Meeting held on 18.02.2016 Government is planning to develop Plastic Park Project at considered the proposals for setting up of 6 new Plastic Parks Industrial Estate Panipat. at various locations in the country and decided to grant ‘in-The park is being set up under the scheme of the Department principle’ approval to the proposals received from the States of Chemicals & Petrochemicals, Ministry of Chemicals & of – Haryana, Jharkhand, Madhya Pradesh, Chhattisgarh, Fertilizers, Government of India. Uttarakhand and West Bengal.The work in this regard has started as the Haryana State “Enterprises Promotion Policy-2015’ of the State, effective Industrial Infrastructure Development Corporation from 15th August, 2015, provides that the Government of (HSSIDC) has invited bids for selection of Project India scheme under Ministry of Chemicals & Fertilizers Consultants for the Plastic Park. would be suitably leveraged for creation of downstream The Corporation has proposed to set-up the Plastic Park at petro-chemical hub and Plastic Park in vicinity of Indian Oil Industrial Estate (IE) – Panipat over an area of about 100 acres Corporation Refinery at Panipat,” HSIIDC said in the tender with tentative project cost of Rs. 220 crores. document.The Scheme Steering Committee (SSC) of the Government of


PLASTIC INDUSTRYPLASTIC INDUSTRYJUNE 2015 35

MSME News


Plastics And Packaging Sector Due For Re-RatingBacked by capacity expansion and better margins growth that on stronger margin assumptions. The company has delivered

would lead to stronger earnings, the plastics and packaging sequential quarterly improvement in margins over the last

industry could pique investors' interests in coming months, four quarters, expanding from 12% gross margins to 17% with

according to Kenanga Research. core net margins expanding from 3% to 9%,” it noted.

While a sector re-rating was due, the research house in Additionally, with the other efforts taken by Thong Guan, it

reiterating an “overweight” call, said the industry would fare raised its earnings estimates by 24% to 25% in FY16 to FY17

well for investors due to the favourable foreign exchange rates forecast to RM51.4mil to RM56.6mil on conservative margin

and low raw material prices. expectations and earnings per share to 27.9 sen to 30.8 sen

after fully diluting its share base for warrants and ICULS.Shares of Scientex Bhd and SLP Resources Bhd advanced on

Friday after Kenanga raised the plastics and packaging sector Using Daibochi Plastics and Packaging Industries Bhd as its

to “overweight”, from neutral. base, it reckoned that SLP deserved richer valuations of 21.5

times FY17 forecast price-to-earnings (PER), while Scientex It thinks that resin, the raw material used by the industry is Bhd should be valued at 17.6 times calendar year 2017 expected to remain flat at US$1,100 per tonne to US$1,200 forecast PER and Tong Guan at 14.6 times FY17 forecast per tonne in the first half of calendar year 2016 till the second PER.half of 2016, while it made no changes to the US dollar

exchange rate assumptions of RM4.10/US$1 in financial year In terms of return on equity, SLP has the highest at 24% in

2016 (FY16) to 2017 forecast. FY15, with an estimate of 23%-24% for FY16 to FY17

forecast, while Scientex's stood 19% in FY15 with a forecast “Some of the stocks' recently quarterly performance have of 24%-23% for FY16-FY17 forecast.improved year-on-year, beating analyst expectations with

share price gains of 30% to 43% year-to-date (YTD), Thong Guan's ROE stood at 10% in FY15, with an estimate of

exceeding the broader market (FBM KLCI -2% YTD) and 13%-14% for FY16-FY17 forecast, while Daibochi at 15%.

FBM small cap (-5% YTD). Meanwhile, balance sheet wise, SLP and Thong Guan kept the

“This makes the sector a preferred choice for investors, strongest balance sheet as both were currently in net cash

especially in coming quarters,” said Kenanga in its published position.

report. Kenanga said SLP owned the highest portion of export

Kenanga noted that Thong Guan Industries Bhd and Scientex revenue, with 60% sales denominated in US dollar, against

Bhd's first quarter 2016 results came in above consensus and Thong Guan about 50% and Scientex at about 25%, while

its expectations, mainly due to better-than-expected net Daiboci owned about 30%.

margins from higher export sales and stronger contribution And in terms of market value, Scientex by far owned the from premium products. SLP Resources Bhd's performance largest at RM2.9bil, followed by SLP at RM672mil, Daiboci fell within its mark. at RM574mil and Thong Guan at RM439mil.

Elaborating on long-term earnings growth via capacity Kenanga gave an 'outperform' call on Scientex with higher expansion, it said, SLP and Scientex were growing their target price of RM15.13, SLP with target price of RM3.11 and capacity beyond the present levels, with SLP's manufacturing Thong Guan RM4.49, with top picks being Scientex and SLP plant to be ready by financial year 2018 (FY18). on strong upsides from current levels.

Scientex, it noted, intended to double its capacity at its newly “The sector is re-rating given the changes in demand for acquired plants in Ipoh, which already had begun contributing flexible packaging.to earnings in the second quarter of 2016.

The longer-term prospects remain positive on continued Although Thong Guan was not aggressive on capacity capacity expansion and the Trans-Pacific Partnership expansion, it is seen to be consistent in its investments in Agreement,” said Kenanga.research and development to improve sales and margins on

Shares of Scientex closed down 10 sen at RM12.64 on Friday, existing products, said Kenanga.

while SLP was up 12 sen to close at RM2.90.“But we are increasing our earnings estimates for Thong Guan

MSME News


MSME News


WELCOME ADDRESSBY Sadhu Ram Gupta, President

ekU;oj HkkbZ Jh vjfoUn dstfjoky th] eq[; ea=h fnYyh ljdkj] Jh m|ksxksa dh dksbZ dlj ugh NksM+rh gSA vkidh QSMjs’ku ds Hon. General jkts’k xqIrk th] fo/kk;d ,oa ikjfy;kesaVªh lsdszVªh ¼LokLFk;½] Jh lqHkk”k Secretary Jh jktsUnj ftUny th viuk loZL; U;ksNkoj dj ftl [k.Msyoky th] President AAP Trading Wing] Jh c`ts’k xks;y izdkj baMLVªh ds fgr esa lefiZr gS og ljkguh; gh ugha cfYd mlls Hkh th Convener AAP Trade Wing] QSMjs’ku ds vkn.khZ; laj{kdx.k cM+k dksbZ ‘kCn gS rks og gSA ¼rkfy;k½ QSMjs’ku }kjk iwoZ esa fd;s x;s % Jh dUgS;k yky tSu th] Jh jkek uUn xqIrk th] Jh lqHkk”k pUn xqIrk fdz;kdykiks ls Jh jktsUnj ftany th vkidks igys gh voxr djk pqds gS] th ,oa Jh jkt dqekj xqIrk th]---------------------------------------------------------------------esjs mUgsa nksckjk Repeat djus dh vko’;drk ugh gSAlg;ksxh dk;Zdkj.kh ds lHkh lnL;] fofHkUUk ,lksfl;luks ls vk;s gekjs x.kekU; HkkbZ Jh vjfoUn dstjhoky th us gekjh Qfj;kn lquh izfrfuf/k] m|ksxksa ls vk;s egeku] fefM;k] ljdkjh vkWfQf’k;Yl] RkFkk vkSj le>hA bUgksus gky gh esa IykfLVd osLV ij VAT dh dkQh NwV nsdj QSMjs’ku ds esjs I;kjs lHkh lnLx.k] HkkbZ;ksa vkSj cguksaA m|ksxksa dks mckjus dh psLVk dh gSA blds fy;s eS pkgwaxk dh vki rkfy;ka vkt dh ,-th-,e- esa vki lHkh dk Lokxr djrs gq, eq>s cgqr iz’kUurk }kjk mudk /kU;okn djsaA ;gka ea=h th dk /;ku bl vksj t:j vkdf”kZr ,oa mYykl dh vuqHkwfr gks jgh gSA vki lHkh dk Lokxr gSA lkFk gh ge djuk pkgwaxk dh yscj dh Minimum Wage cs’kd c<+kbZ gS ysfdu vkidk /kU;okn fd;s fcuk ugh jg ldrs fd vki vius cgqewY; le; esa yscj dks baMLVªh QszUMyh Hkh cuk;s] ftlls yscj viuh M~;wVh le>dj ls le; fudky dj ,-th-,e- esa mifLFkr gq, gSA vkids lq>ko ges;k dke djsa vkSj m|eh dks vkrafdr uk djsaA vkt dk ;qod u;k m|ksx fljk/kk;Z gSA HkkbZ vjfoUn dstjhoky th dk rks ‘kqfdz;k vnk eSa fdu ‘kCnksa yxkus esa blh dkj.k drjkrk gS] D;ksafd deZpkfj;ksa ls lacfU/kr dbZ esa d: oks ‘kCn <aw< ugha ik jgk gw¡A ge ,-th-,e- ds eq[; vfrfFk ds fy, bUgsa fu;e m|ksxifr;ksa ij Fkksis gq, gSA EkSa eq[; ea=h th ls izkFkZuk djuk fueU=.k nsus x;sA bUgksus gesa rqjUr cqyk fy;kA budh csckdh vkSj feyus pkgwaxk dh Grievance Redrassal Committees esa QSMjs’ku dk ds <ax ls gesa ,slk vkHkk”k gh ugh gqvk fd ge eq[; ea=h ds lkeus [kM+s gS] izfrfuf/kRo nsus dh d`ik djsa ftlls Qslyk ysus ds oDr gh erHksn nwj gks cfYd ,slk yxk tSls ;g gekjs ifjokj ds gh gSA geus vkxzg fd;k] rks ldsaArqjUr cksys gka eS vkmxka&t:j vkmxka] ,-th-,e- dgka dj jgs gksA eSus vU; vkSj Hkh dqN isssues gS tks Jh jktdqekj xqIrk th vkids lEEkq[k lkspk eq[; ea=h gS 5 Star Hotal ls de D;k vk;saxsaA eSa cksyk lj j[ksaxsaA fl)kFkZ Bhd jgsxkA cksys ugh tgka rqe cqykvksxs eS vkmxkA ;gh budh eS QSMjs’ku ds Hon. dkuwu fo’ks”kK Jh usHkksfj;k th] Jh egs’k eaMy th] egkurk o vkfRe;rk ugh rks vkSj D;k gS] vkSj cU/kqvks Jheku eq[; ea=h ,MoksdsV Jh oh-,e- ftany th ,oa Jh ,y-vkj- caly th dk vfHkuUnu lkgc gekjs chp gesa lquus ds fy, ekStwn gSaA budk ge rgs fny ls djry djrk gw¡ tks gesa Excise/Custom, Vat Income Tax, rFkk yscj /ouh ls Lokxr djrs gSA

ykt ds fu;eksa ls le; le; ij xkbZM djrs jgrs gSa o lnL;ksa dks Free fe=ks vkidh QSMjs’ku dk izknqHkkZo rks 70 ds n’kd esa Association of

Advice nsrs gSA ¼rkfy;k½Plastic Manufacturers ds :Ik esa gks x;k Fkk ftlds tUe nkrk vkidh QSMjs’ku ,d ekfld if=dk fudkyrh gS tks m|ksxksa ls lacfU/kr ¼Pioneer½ Jh dUgS;k yky tSu th gekjs cht esa gSaA cknesa Lo- eqU’kh

u;s u;s fu;e vkfn ls Update rks djkrh gh gS bld fy, Jh jktsUnj jke xqIrk th ds vFkd iz;kl ls All India Federation of Plastic

ftUny th ds vFkd iz;klksa o gekjs Office Seceretary Jh jktho Industries cuh vkSj vkt ge bldh 28oha ,-th-,e- euk jgs gSA ‘kekZ th ds vuqHko dh rkfjQ fd;s fcuk ugh jg ldrk ;g if=dk HkkbZ;ksa vkt ds ;qx dks IykfLVd dk ;qx dgsa rks dksbZ vfr’;ksfdr ugh LokoyEch gS blesa vius foKkiu nsoj vkSj izHkkoh cukus esa vki lHkh dk gksxhA ekuo ds dke vkus okyh jkst ejkZ dh oLrq,sa lHkh IykfLVd dh gSA lg;ksx okaNuh; gSAQuhZpj] tSdSV] twrs] cSx] ikbi] vkWVks ikVZl] lftZdy bLV~;wesUV~l vkfn

var esa eSa Execttive Concil ds office Bearers Jh vkj-ds- tSu th] lHkhIykfLVd ls curk gSA vkt IykfLVd us Wood, Wool, Rubber, Jh iz;kx vxzoky th] Jh fodkl cjMh;k th] Jh vtl [kV~Vj th] Jh Steel vkfn [kuht dks Substitute fd;k gSA IykfLVd us tUe ugh iUuk yky os| th] th lqjs’k xqIrk th] lqHkk”k ftany th] Jh jks’ku yky fy;k gksrk rks ;g lHkh Natural Resources de iM+ tkrs vkSj euq”; th o ,DlhD;wVho dkmalhy ds lHkh lnL;ksa dk vkHkkj O;Dr djrk gw¡ tks dk thou nwHkj gks tkrk gS esjh President dh M~;wVh fuHkkus esa viuh Full Support nsdj py fe=ks IykfLVd m|ksx vf/kdrj vkSj fo’ks”kdj fnYyh esa M.S.M.E.’s jgs gS laLFkk ds laj{kd Jh ds-,y- tSu th] Jh jkek uUn th Jh jkt dqekj }kjk lapkfyr gS ;g M.S.M.E.’s yscj baVsfUlo gksus ds dkj.k ,d rjQ rks xqIrk th rFkk Jh lqHkk”k pUn xqIrk th dk ekxZ n’kZu esjs dk;Z ds fy;s ,EIyks,esaV dh leL;k dks fuiVkus esa lgk;d gSA nwljh rjQ bu m|ksxks eq>esa ‘kfDr iznku djrk gSA eSa mudk rg fny ls vkHkkj o;Dr djrk gw¡Adks fnYyh esa tehu dh raxh, High Rate of Rent, High Rate of eS iqu% HkkbZ vjfoUn dstjhoky th] HkkbZ jkts’k xqIrk th] HkkbZ lqHkk”k Interet, High Rate of Labour rFkk Plastic Raw Material [kaMsyoky th] HkkbZ c`ts’k xks;y th dk bl ,-th-,e- esa gkfnZd vfHkoknu ds fy, fons’kksa ij fuHkZj gksus ds dkj.k High Rate of Raw djrk gw¡ ftUgksus gekjs fuea=.k ij Qqy p<+k;sA cU/kqvksa vkt bl THE Material rks cjnkLr djuk gh iM+rk gS lkFk gh vusd fMikVZesUV~l ds KNOTS cSadV esa KNOT buls VkbV ls cka/k xbZ gSA mifLFkr ehfM;k VSDl Hkh >syus iM+rs gSa ftlls gekjh Cost of Production cgqr c<+ dk Lokxr gS] esjh fnYyh ds jkds’k xks;y th dks ge tc Hkh ;kn djrs gS o

nkSMs+ pys vkrs gS mudh gekjs fny eS txg gSA lHkh LiksallZ dk ge tkrh gS vkSj phu vkfn fons’kksa ds izksMDV dks Compete djus ds ykys iMs+ vfHkuUnu djrs gS ftUgksaus bl bosaV dks lQy cuus eS lg;ksx fd;kA jgrs gSA vycRrk ;g crkrs gq, xoZ gks jgk dh gekjk Footwear ,slk lkFk gh HkkbZ ydh th dh Hkwjh Hkwjh iz’kalk fd;s fcuk ugha jg ldrs ftUgksus mRikn gS tks viuh Durable Quality gksus ds dkj.k jsV vf/kd gksrs gq, viuk ;g HkO; Hkou] egy :Ik es ltk dj bl bosaV ds fy, gesa fn;k A Hkh vjfc;u ns’kksa oxsjks esa phu ds izksMDV dh vis{kk vf/kd ilan fd;k ydh th jk/kkLokeh gSA var% budk cSadV iq.kZ :Ik ls ‘kkdkgkjh gSA lHkh dk tkus yxk gSALokxr gS, vfHkUkUnu gSA /kU;okn Avkidh QSMjs’ku M.S.M.E. ds fy;s ,d izsgjh dk dke djrh vk jgh gSA

Govt. Notification


Govt. Notification


Toe Lasting Heel Seat Lasting Sole Press

Sole MarkingCounter Molding D- Lasting Packing Conveyor

Double Decker Pasting Conveyorwith NIR System

Lasting Conveyor

From Perfect To Perfection

Stuck-On Line Machinery

Bengal Shoe Machinery Pvt. Ltd. (BSM) Corp. Off. :- 69, M.I.E, Part-A, Bahadurgarh, Haryana

Ph.- 01276-321967 , 01276-267069

Br. Off. :- K-62, Udyog Nagar Ind. Area, Near Peeragarhi, Delhi-110041

Ph.- 011-25484297,011-45572208, Fax :- 011-25189475

Mobile No. 9310423242, 9310523242, 9310923242

Email Id.- [email protected], [email protected]

For more details please visit our website:-

www.bsmindia.com

Chiller

No.1 Quality in

very reasonable price


V i s i t u s a t : h t t p : / / w w w . w a l d i e s . c o m

GILLANDERS ARBUTHNOT & CO. LTD.

(WALDIES DIVISION)

Regd.Office: C-4, Gillander House, 8 Netaji Subhas Road, Kolkata-700001

Tel.033 22302330, 22429140(3lines), 22302331(6lines), Fax:033 22304185

E-mail: [email protected]

Works: 70, G T Road (East), Konnagar, Dist. Hooghly, West Bengal-712235

Branches : New Delhi/Kanpur/Mumbai/ Chennai/Coimbatore/KolkataOHSAS 18001:2004

ISO 9001

july 2016 1 plastic industry - aifpi.com

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