OQ, an Oman-based energy transition enabler that specializes in PP and PE grades for flexible and rigid packaging solutions, continued building trading partnerships at PLASTINDIA 2023.

Oman’s total trade with India almost doubled last year and was estimated at USD$9.9 billion in 2021-2022 compared to USD$5.4 billion in 2020-2021.

The company believes the trade opportunities will only further prosper as India's population, its demand for plastic products and countries’ collaborations continue to grow momentum. An advantageous prospect of a free trade agreement between the two countries is in the works, with discussions at an advanced stage.

OQ continues building on trading partnerships at PLASTINDIA 2023.

The Indian sub-continent is one of the fastest-growing regions for polymer demand with a CAGR of 6% projected for the 2022-2030 period.

Also, by mid-2023, India is expected to become the most populous country in the world. And with rising income levels being seen across the region, demand for plastic products is set to increase exponentially. According to OQ, it is committed to their close partnership with India.

Pragati Maidan in New Delhi, Dr Ali Al Lawati, VP for Global Sales at OQ, emphasized, “With unique products manufactured at a world-class plant in Oman, OQ provides multiple industry solutions across several key market segments in India."

"From flexible and rigid packaging and infrastructure to agriculture and automotive industries, we are excited to empower our business relationship with India and add to what is already a unified and thriving imports partnership between our two nations.”