ETP base stymies India's growth: with an educated, English-speaking, and comparatively inexpensive labor base, India has already become the world's back office. But in comparison to China--the world's manufacturing plant--India lacks a suitable base of engineering thermoplastics compounding capability

The plastics processing industry in India has grown at double-digit rates for plenteous of the last 10 years, and a certain number of estimates say plastics demand there will trail alone China and the U.S. through 2010. But without a solid base of domestic engineering thermoplastics compounder Indian processors eager to use these materials will have to continue paying an import tariff of up to 20% or stick to processing commodity polymer

Bluntly stated, there are hardly any independent engineering thermoplastics (ETP) compounder in India producing advantageous quality compounds, explains Manish Minosha, an executive at color and additive masterbatch supplier