PLEXCONCIL marks 70 years; Piyush Goyal sets US$ 25 billion plastics export goal
Commerce and Industry Minister Piyush Goyal attended the Platinum Jubilee of the Plastics Export Promotion Council (PLEXCONCIL) in Mumbai on 16 November 2025, marking 70 years of the council.
Summary
At PLEXCONCIL's 70th-year celebrations, Piyush Goyal presented 148 Export Excellence Awards to exporters for 2023–24 and 2024–25. He urged the plastics industry to aim for a domestic market of US$ 100 billion and export earnings of US$ 25 billion over the next five years, and to move towards 100% reuse and recycling of plastics. He said free trade agreements concluded or under negotiation with partners such as the UK, EFTA, the USA, the EU, Oman, Bahrain and New Zealand open new markets for exporters.
Key facts
- Council
- PLEXCONCIL — 70 years (Platinum Jubilee)
- Venue / date
- Mumbai, 16 Nov 2025
- Awards
- 148 Export Excellence Awards (2023–24, 2024–25)
- 5-year targets
- Domestic market US$ 100 bn; exports US$ 25 bn
- Sustainability goal
- 100% reuse and recycling of plastics
Practice MCQs 2 questions
PLEXCONCIL, which celebrated its Platinum Jubilee in November 2025, completed how many years?
Show answer
Correct answer: D — 70
PLEXCONCIL completed 70 years of service to India's plastics export industry.
What export earnings target did Piyush Goyal set for India's plastics industry over the next five years at PLEXCONCIL's 70th-year event?
Show answer
Correct answer: C — US$ 25 billion
He urged the industry to target export earnings of US$ 25 billion and a domestic market of US$ 100 billion over five years.