ISLAMABAD – As per *Business Standard*, India’s exports to Pakistan duringthe first six months of current financial year were down 33.29pc to $41.08million, as compared to $61.59 million recorded during the same period lastyear.
India’s plastic exports to Pakistan plunged to just $1mn in September 2019,from $11.5mn recorded in the corresponding month last year.
During FY2018-19, India’s shipments to Pakistan were reported at $165.46million and mainly consisted of raw material, woven sacks and flexibleintermediate bulk containers (FIBCs).
On a cumulative basis, India’s overall plastic exports declined by 5.9pc to$4.32 billion during April-September 2019, from $4.59 billion in the sameperiod last year.
In September alone, India’s overall plastics exports plunged by 16.8 percent to $649.17 million this year from $780.35 million last year.
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“The decline in India’s overall plastics exports was led primarily by asignificant fall in India’s raw material prices following a slump in crudeoil.
The decline in overall exports could be a temporary phenomenon,” saidMakarand Appalwar, chairman and managing director, Emmbi Industries, one ofIndia’s largest plastic exporters.
