Union Minister for Chemicals & Fertilizers and Parliamentary Affairs, Shri Ananthkumar announced that the Government of India has approved the setting up of a Plastic Park in Deoghar District, Jharkhand.
- The project would be set up at a cost of Rs. 120 crores in an area of 150 acres and a range of polymer products including woven sacks, moulded furniture, water tanks, bottles, pipes mosquito nets, etc would be manufactured.
- It has great potential for attracting investment for setting up an ecosystem for plastic industry and generate employment opportunities for the local populace, the Minister informed.
- The project is likely to provide direct employment generation to about 6000 people and indirect employment to over 30000 people.
- A Central Institute for Plastic Engineering & Technology (CIPET) alongside the Plastic Park will be established so that invaluable human resource may be trained thereto become plastic engineers and technicians.
- This human resource is of vital importance as the plastic industry is growing at a rapid pace and the polymer consumption in India would double from the current 10 million metric tonnes to 20 million metric tonnes by 2022.