Advisory Services
Audit
Consulting
ESG Advisory
RBI Registration
SEBI Registration
IRDA Registration
FEMA Advisory
Compliances
IBC Services
VCFO Services
Growing
Developing
ME-1
ME-2
EU-1
EU-2
SE
Others
Select Your Location
Table of Contents
PET is the abbreviated form for Polyethylene Terephthalate. It is a thermoplastic polymer, can be opaque or transparent and is produced from petroleum hydrocarbons. In order to make PET bottles the plastic is polymerized in which shorter molecules are linked together to form long molecule chains.
This material is considered ideal for packaging soft drinks[1], mineral water, edible oil, butter, mayonnaise, syrups, sauce, jam, squash, and even pharmaceutical products. Since the polymer is now becoming the preferred packaging material in the food and medicinal industry, and even the Indian government has come out with industry-friendly policies, this industry is bound to grow.
There are several reasons for preferring the PET bottles to the glass bottles, some of which are:-
The demand for PET bottles is on the move as is apparent from the figures below:-
Read Also: The Requirement to set up Plastic Toothpick Production.
The above statistics are encouraging and point towards a positive growth trend. Investing in a PET bottle production is, hence, a lucrative proposition in India.
The following registrations and licenses are mandatory to start operation:-
The plastic packaging materials need to pass the standardize migration and color migration limits to be produced on a large-scale and used for the packaging of edible items.
Trending Post: How to Start a Profitable Small Business in India.
Experienced Finance and Legal Professional with 12+ Years of Experience in Legal, Finance, Fintech, Blockchain, and Revenue Management.
The Alternative Investment Funds (AIFs) Pro-rata and Pari-Passu Rights Proposal Consultation Pa...
The Financial Action Task Force, i.e. FATF (the Force), is the global money laundering and terr...
Advance tax refers to the payment of the tax liability before the end of the relevant financia...
On 11.12.15, the Hon’ble Delhi High Court (HC) pronounced a landmark judgement in the case ti...
Money laundering can be defined as the process of illegal concealment of the origin of money ob...
Every assessee in India is obligated to file an income tax return and make the timely payment o...
In the recent past, India has seen burgeoning demand for internet and smartphones. The rapid ri...
The Securities and Exchange Board of India (SEBI), the capital markets regulator, has recommend...
The objective of the enactment of the Prevention of Money-laundering Act, 2002, i.e. PMLA (the...
Tax planning is a continuing effort and a management strategy for ensuring the minimization of...
Are you human?: 4 + 4 =
Easy Payment Options Available No Spam. No Sharing. 100% Confidentiality
India is an emerging player in the global economy and the foreign policies formulated by the government has made a...
20 Apr, 2021
The British Virgin Islands (BVI) is a popular jurisdiction for incorporating offshore companies due to its favourab...
28 Apr, 2023
Red Herring Top 100 Asia enlists outstanding entrepreneurs and promising companies. It selects the award winners from approximately 2000 privately financed companies each year in the Asia. Since 1996, Red Herring has kept tabs on these up-and-comers. Red Herring editors were among the first to recognize that companies such as Google, Facebook, Kakao, Alibaba, Twitter, Rakuten, Salesforce.com, Xiaomi and YouTube would change the way we live and work.
Researchers have found out that organization using new technologies in their accounting and tax have better productivity as compared to those using the traditional methods. Complying with the recent technological trends in the accounting industry, Enterslice was formed to focus on the emerging start up companies and bring innovation in their traditional Chartered Accountants & Legal profession services, disrupt traditional Chartered Accountants practice mechanism & Lawyers.
Stay updated with all the latest legal updates. Just enter your email address and subscribe for free!
Chat on Whatsapp
Hey I'm Suman. Let's Talk!