Daijiworld Media Network-Mangaluru (RJP)
Mangaluru, Jan 11: "Mangaluru is likely to get a plastic park with an estimated cost of Rs 300 crore. The project is likely to be cleared at the Invest Karnataka 2015-Global Investors Meet to be held in Bengaluru from February 4 to 6. The Union government will provide Rs 40 crore as grant-in-aid for the project," said district industries centre director Gokuldas Nayak on Sunday, January 10.
"According to a survey, Mangaluru is the fastest growing non-metro in South India. It is an important city from the point of view of trade, industry and commerce. All-weather New Mangalore port, international airport and industries like KIOCL, MCF, MRPL, BASF, MSEZ and petrochemical complex have given scope for development of industries." Nayak added.
"Canara plastic manufacturers and traders’ association (CPMTA) had urged the Union minister for chemicals and petrochemicals to set up a plastic park in Mangaluru. Based on ministers’ acceptance, the State government had sent a proposal and also initiated the process to identify land for the purpose," Nayak said.
"A similar park has been sanctioned to Chennai and that project is expected to be implemented shortly, CPMTA president B A Nazeer with other office-bearers had visited Chennai and held detailed discussions about the project. After identification of the land, the government has to submit a proposal to the department of chemicals and petrochemicals of the union government. The land has been identified in Mudipu and Shibaroor. The deputy commissioner has already agreed to the proposal in the Invest Karnataka preliminary meeting," Nayak revealed.
"The department of chemicals and petrochemicals has formulated the scheme with a view to synergise and consolidate the capacities through cluster development for the Indian plastic Industry. The scheme aims to increase competitiveness, polymer absorption capacity and value addition in domestic downstream plastic processing industry through adoption of modern, research and development-led measures along with increasing the investments in the sector through additions in capacity and production, creating quality infrastructure and other facilitation to ensure value addition and increase in exports. It also aims to achieve environmentally sustainable growth through innovative methods of waste management, recycling." Nayak concluded.