The PlastIndia Foundation has welcomed the Union Budget 2026–27. It described the Budget as balanced and forward-looking. The industry body said the proposals support economic growth, manufacturing strength, and long-term sustainability.

Ravish Kamath, President of the PlastIndia Foundation, said the Budget’s focus on infrastructure, manufacturing, MSMEs, skilling, and ease of doing business will create a strong ripple effect. He noted that plastics play a key role in sectors such as packaging, agriculture, healthcare, construction, and mobility.

Boost to Domestic Production and Plastic Manufacturing

According to Kamath, measures aimed at boosting domestic production and innovation will directly benefit the plastics sector. He said the Budget strengthens the foundation for plastic manufacturing by encouraging technology adoption and capacity expansion.

Support for MSMEs, improved access to credit, and technology upgradation will help Indian plastic processors improve efficiency. These steps are expected to improve competitiveness in both domestic and global markets. Kamath observed that consistent policy support will help the industry scale responsibly.

Sustainability and Circular Economy Remain in Focus

The Budget also places strong emphasis on sustainability, the circular economy, and waste management. Kamath welcomed these initiatives, saying they align well with the plastics industry’s ongoing transition toward accountable manufacturing.

He added that efforts promoting recycling, resource efficiency, and environmentally conscious plastic manufacturing are critical for the sector’s future. The PlastIndia Foundation reiterated its commitment to supporting policies that encourage circularity and responsible use of plastics.

Conclusion

The Union Budget 2026 provides meaningful support to the plastics industry. With a focus on domestic production, innovation, sustainability, and plastic manufacturing, the sector is well-positioned for steady and responsible growth.