The availability of petrochemical products at Panipat Indian Oil Unit and HMEL at Bhatinda may offer a investment opportunities for the small and medium entreprenuers to invest in Punjab and Haryana.
Government of India’s Joint Secretary of chemicals said that upto 500 units can come up in this region to absorb the raw material (polyporpylene, polyethanole, poly styrine and PVC) available at Panipat and Bhatinda refineries.
Talking to media on the sidelines of confernce on 'Plastic Processing Industry in North India', organised by FICCI, Neelkamal Darbari, Joint Secretary Department of Chemicals and Petrochemicals, Government of India said that upto 500 units can come up in this region to absorb the raw material (polyporpylene, polyethanole, poly styrine and PVC) available at Panipat and Bhatinda refineries.
She added that the proposal for Plastic Park at Bhatinda, moved by the Government of Punjab might be approved in the 12th five year plan for which a Special Purpose Vehicle has to be formed. The Ministery of Petrochemical can gund Rs 40 cr or 50% of the project cost.
She added that since the demand for plastic is gorwing, these two centres can cater to the population of entire north.
A minimum investment of Rs 25l lakh to Rs 30 is required for setting up plastic processing unit.
The entreprenuers from different parts of India participated in the conference.
