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New Plastic Park sanctioned in Jagatsinghpur

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srikant jenaOST Bureau

New Delhi, Oct 25:

Union minister for Chemicals & Fertilizers Srikant Kumar Jena has sanctioned setting up of a Plastic Park at Siju village in Kujanga tehsil of Jagatsinghpur district.

“The plastic Park will be set up by a special purpose vehicle (SPV) called Paradeep Plastic Park Limited,” said an official press release.

The Central government will provide a grant of Rs 40 crore for the project, of which about Rs 8 crore will be released shortly, it said.

The Plastic Park, having state-of-the art infrastructure to facilitate investments by micro, small, medium and large units, will come up near the Paradip Refinery. Vast employment opportunities are expected to be created in the region by the park, it said.

Earlier a Plastic, Polymer and Allied Cluster with all requisite infrastructure facilities was approved and is being set up at Balasore in Odisha at cost of Rs. 81.90 crore. The grant from the Government of India for this cluster is Rs. 58.28 crore. About 60% of the grant for this cluster has already been released by the Central Government.

Recently, an Advanced Plastics Processing Technology Centre (APPTC) under the aegis of Central Institute of Plastics Engineering & Technology (CIPET) was inaugurated by Mr Jena at Baleswar.

The centre will train students through various diplomas, post-graduate diploma and other skill-oriented vocational training programmes in Plastic Processing Technologies. The CIPET centre shall act as an employment conduit between the skilled students and the upcoming industry in Jagatsinghpur, Balasore and other places of the state, the release said.

Jena said the new park would provide entrepreneurs in and around Balasore, Bhubaneswar, Cuttack, Paradeep, and other districts of Odisha to set up new ventures, expand their operations and also to compete globally in this sector. He said that these projects envisaged in the region shall have huge social and economic benefits, as they will create direct and indirect employment openings for thousands of people.

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