Gorakhpur: In another major push to industrialization, a plastic park spread across 50 acres having around 100 manufacturing units would be set up in Gorakhpur. The Union ministry of chemicals and fertilisers has given an in-principle approval to the proposal for setting up the plastic park.
Gorakhpur Industrial Development Authority (GIDA) CEO Sanjeev Ranjan said, “We received a soft copy of the approval on Friday and received a hard copy of the letter today.”
“The Scheme Steering Committee (SSC) under the chairmanship of secretary (chemicals & petrochemicals) has granted ‘in-principle’ approval to the proposal for a plastic park at Gorakhpur. Plastic park is important for realizing the goals of Make-in-India programme. The approval is valid for six months and a Detailed Projects Report (DPR), complete in all respects, has to be submitted in this time for the final approval,” he added.
“We had given an online presentation before the SSC on January 20. It will be a Rs 93 crore project and about 100 units would be set up in the park. About 2,500 people would get employment directly,” the CEO said.
“Union government would provide around Rs 40 crore and rest of the investment would be done by GIDA.
The park would be established in around 50 acre land of which five acres would be given to Central Institute of Petrochemicals Engineering and Technology (CIPET) for setting up a testing lab.
A special purpose vehicle (SPV) would also be established in which industrialists would be included as members.”