New Delhi, May 9 -- The Plastics Export Promotion Council (PLEXCONCIL) has expressed strong support for the recently implemented India-United Kingdom free trade agreement.

With the elimination of import duties of up to 6 percent on Indian plastic products, the industry body forecasts a substantial increase in exports to the UK market, projecting nearly double the current figures to reach approximately USD 800 million by 2027-28.

The United Kingdom currently ranks as the fourth-largest destination for India's plastic exports.

Bilateral trade in plastics between the two nations totaled USD 623 million in fiscal year 2023-24, with Indian exports accounting for USD 445 million and imports from the UK valued at USD 178 million.

According t...