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Centre Sanctions Rs 120 Crore for Plastic Park in Jharkhand; Promises CIPET Centre

Centre Sanctions Rs 120 Crore for Plastic Park in Jharkhand; Promises CIPET Centre

What is in news?

Fertiliser and Chemicals Minister Ananth Kumar on 20th March 2018 announced setting up of a plastic park in Deoghar district in Jharkhand with an investment of Rs 120 crore

Significance:

  • Project will create 36,000 direct and indirect jobs.
  • Plastic recycling unit will be established with an investment of Rs 3.50 crore in the district, the second unit in India after Guwahati.
  • central government is ready to establish a Central Institute of Plastics Engineering & Technology (CIPET) Centre in Deogarh, provided the state government allocates land or building.

About Plastic park:

  • The park will have units that will manufacture woven sacks, moulded furniture, plastic crates, HDPE plastic combs, water tanks, bottles, pipes, small containers, toys, mosquito nets and leno bags among others, he said.

 

  • The park aims to provide direct employment to 6,000 people and indirect jobs to 30,000 people

 

  •  Consumption of plastic is expected to double from the current 10 million tonnes by 2020.


NOTE:
At present, there are 40 CIPET centres across the country and the government aims to set up additional 10, so that the country has sufficient resources of plastic technicians and engineers to meet the industry demand

What is Plastic park?

It is an industrial zone devoted to a variety plastics enterprises. 

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