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Plastic Parks

Thu 28 Nov, 2019

Chemicals and Fertilizers Minister DV Sadananda Gowda informed Rajya Sabha that the government has approved setting up of six plastic parks in different parts of the country.These parks are located in Assam, Madhya Pradesh, Odisha, Jharkhand and Tamil Nadu. The plastic park at Tamot in Madhya Pradesh is functional.

Major Highlights

  • Four new plastic parks have also been given in-principle approval for establishment in West Bengal, Haryana, Uttarakhand and Chhattisgarh.
  • For the establishment of Plastic parks government provides grant funding up to 50 per cent of the project cost. The remaining project cost is to be funded by State Government beneficiary industries and by a loan from financial institutions.

Plastic Park

  • A plastic park is an industrial zone devoted to plastic enterprises and its allies industries.
  • It includes a whole range of companies required by the plastics processing community from material and machinery suppliers, plastics processing companies, plastic recycling companies including waste management system.