In News: Union Minister for Chemicals & Fertilizers has said that the government is coming up with a scheme of Setting up of Plastic Parks with a state-of-the-art infrastructure through cluster development approach.
Key Points
- The Ministry of Chemicals & Fertilizers has approved setting up of 10 Plastic Parks in the country.
- Major Objectives
- Increase the competitiveness, polymer absorption capacity and value addition in the domestic downstream plastic processing industry through adaptation of modern measurers;
- Achieve environmentally sustainable growth through innovative methods of waste management, recycling, etc.
- The Parks are being set up in the states of: Assam, Madhya Pradesh, Odisha, Tamil Nadu, Jharkhand, Uttarakhand and Chhattisgarh.
- A Plastic Park is an industrial zone devoted to plastic enterprises and its allied industries.
- Implemented by: A Special Purpose Vehicle (SPV) shall complete the setting up of the Plastic Park in a period of three years from the date of final approval.
About Plastic Parks Scheme
- Plastic Park is an industrial zone, developed in a cluster approach for establishing units for plastic enterprises and its allied.
- Under the scheme, the 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.
- 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.
- The details of the 6 Plastic Parks are as under
- Madhya Pradesh: The Plastic Park at Tamot has completed physical infrastructure and purchase of equipment for common facility centers (CFC) is in progress. One unit is functional in the Plastic Park.
- Madhya Pradesh: The Plastic Park at Bilaua is at implementation stage and work of development of physical infrastructure is in progress.
- Odisha: The Plastic Park at Paradeep is at implementation stage and work of development of physical infrastructure is almost completed.
- Jharkhand: The Plastic Park at Deoghar is at implementation stage and work of development of physical infrastructure is in progress.
- Tamil Nadu: The work at Plastic Park at Thiruvallur has started recently and land filling on the site is in progress.
- Assam: The Plastic Park at Tinsukia is at implementation stage and work of development of physical infrastructure is in progress.
Source: PIB
