Scheme Approved for Setting UP of Plastic Parks

The Government has approved a Scheme for setting up of need based Plastic Parks, with requisite state-of-the-art infrastructure and enabling common facilities, to assist the sector move up the value chain and contribute to the economy more effectively. Under the scheme, Government of India provides grant funding up to 50% of the project cost, subject to a ceiling of Rs.40 crore per project. Proposals for setting up of Plastic Parks in Assam (Tinsukia district), Odisha (Siju village, Kujanga tehsil, Jagatsinghpur district) and Madhya Pradesh ((Tamot village, Gohargunj tehsil, Raisen district) have received final approval, whereas the proposal for a Plastic Park in Tamil Nadu (Voyalur village, Ponneri Taluk, Thiruvallur district) has been given 'in principle' approval.

The objectives of the scheme, inter-alia, are to increase competitiveness and investments, achieve environmentally sustainable growth and adopt the cluster development approach to consolidate the capacities in plastic sector. The Department of Chemicals and Petrochemicals has released first instalment of Rs.8 crore of grant-inaid for setting-up of Plastic Parks at Madhya Pradesh, Odisha and Assam in the year 2013-14. Detailed Project Report for setting-up of a Plastic Park in Tamil Nadu is awaited from the State Government. Further, the setting up of six additional plastic parks has been approved by the Competent Authority.

 

Implementation of the scheme for setting up of Plastic Parks in an area is based on proposals received from the State Governments, in accordance with the approved scheme guidelines.

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