The Ministry of Chemicals and Fertilizers has given its final approval for a plastic park to be built at Ganjimutt, Dakshina Kannada. With a total project cost of Rs. 6277 lakh, including a central grant of Rs. 3138.775 lakh, the project would be executed through a special purpose vehicle (SPV) formed by KIADB. The proposed plastic park will be built on 104 acres of land and will help to create work opportunities.
Mangaluru’s plastic park was declared by the Minister of Chemicals and Fertilizers in 2015. The MRPL polypropylene facility would provide raw plastic to units at Ganjimutt’s Plastic & Polymer Park. The park will include an ecosystem with cutting-edge infrastructure and shared amenities to consolidate and synergize the domestic downstream plastic processing industry’s capacity. Hundreds of unemployed youngsters will be hired in the plastic park.
The plastic park will not only utilize raw plastic but also save on transportation costs. Over 32 companies have registered with the department to set up units in Plastic Park. The scheme steering committee constituted under the scheme for setting up a plastic park has approved Rs. 240.70 lakh for site development and constructing retaining walls.
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