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HomeBusinessGovt. initiates setting up of 10 Plastic Parks

Govt. initiates setting up of 10 Plastic Parks

26 September 2020: To consolidate and synergize the plastic processing industry Government is setting up Plastic Parks with state-of-the-art infrastructure through cluster development approach, as revealed by Sadananda Gowda, Union Minister for Chemicals & Fertilizers. The Department of Chemicals and Petrochemicals has approved setting up of 10 Plastic Parks in the country, out of which 6 parks have been given final approval in the States of Assam, Madhya Pradesh (two parks),Odisha, Tamil Nadu and Jharkhand. These 6 Plastic Parks are under various stages of implementation.

He said that Under the scheme, Central Government provides grant funding up to 50% of the project cost, subject to a ceiling of Rs. 40 crore per project. The remaining project cost is to be funded by the State Government, beneficiary industries and by loan from financial institutions. For the setting up of remaining 4 Plastic Parks, the Detailed Project Reports (DPRs) for setting up of Plastic Parks in the States of Uttarakhand and Chhattisgarh are under evaluation and proposal for setting up of two new Plastic Parks are under process.

Gowda said that the Centre is providing technical/consultancy services to the plastic industries in the field of plastics processing, testing,composites and mould manufacturing, design etc. Meanwhile, the Central Institute of Petrochemicals Engineering and Technology (CIPET) has established a Centre for Skilling and Technical Support (CSTS) at Vijayawada in Andhra Pradesh which provides Diploma and Post Graduate Diploma programmes and also skill development training programmes in the field of Plastics Engineering & Technology.

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