Plastic parks

• 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.

Key highlights:

• These parks will have an ecosystem with infrastructure building and enabling the common facility to consolidate and synergize the capacities of the domestic downstream plastic processing industry.

• Under the scheme, the 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.

• These parks are located in Assam, Madhya Pradesh, Odisha, Jharkhand and Tamil Nadu. Out of them, the plastic park at Tamot in Madhya Pradesh is functional.

• Four new plastic parks have also been given in-principle approval for establishment in West Bengal, Haryana, Uttarakhand and Chhattisgarh.

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Mains Paper 2: Governance

Prelims level : Plastic parks

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