Plastic Industry Production Declines in Banke Due to Raw Material Shortages Amid Middle East Tensions
Summary
Plastic-based industries in Banke are experiencing production declines due to shortages of raw materials caused by escalating tensions in the Middle East and tightened exports from India.
Key Points
- Plastic industry production in Banke is declining due to a shortage of raw materials amid Middle East tensions.
- The price of raw materials has increased by 40 percent internationally, affecting imports to Nepal.
- Nepali industries are facing difficulties as India has tightened exports of petrochemical raw materials.
- The shortage is impacting a range of plastic products including water bottles, pipes, and packaging materials.
