Plastic Parks

Subject: Environment

Context:

To consolidate and synergize the plastic processing industry Government is setting up Plastic Parks with state-of-the-art infrastructure informed by minister in Rajya sabha

Concept:

• 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.
• 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.
• Centre is also providing technical/consultancy services to the plastic industries in the field of plastics processing, testing, composites and mould manufacturing, design etc.