Industrial Plots at Plastic Park Deoghar, Jharkhand by Jharkhand Industrial Infrastructure Development Corporation (JIIDCO). Investment Opportunities
The Union Ministry of Chemicals & Fertilizers has approved proposal of setting up of Plastic Park in Deoghar District, Jharkhand. The project will be set up at cost of Rs.120 Crores in an area of 150 acres. Moreover, it will also set up Central Institute for Plastic Engineering & Technology (CIPET) and Plastic Recycling.
Department of Industries, Mines and Geology, organizations like Industrial Area Development Authorities, Jharkhand State Khadi and Village industries Board, Jharkhand Industrial Infrastructure Development Corporation (JIIDCO), JSMDC, Single Window Society and JHARCRAFT are making significant contribution in industrialisation of the State and some of them are cash surplus. Government is committed to provide international standard infrastructure and facilities in the industrial areas and estates managed by the Industrial Area Development Authorities.
Key Facts
The plastic park will manufacture range of polymer products including woven sacks, Moulded furniture, water tanks, bottles, pipes mosquito nets, etc. It will have great potential for attracting investment for setting up ecosystem for plastic industry and generate employment opportunities for the local populace.
The project is likely to provide direct employment generation to about 6000 people and indirect employment to over 30000 people. Jharkhand Government will facilitate land and building infrastructure for this project and also to set up Central Institute for Plastic Engineering & Technology (CIPET) alongside the park.
Significance
The plastic industry is growing at rapid pace and polymer consumption in India will double from current 10 million metric tonnes to 20 million metric tonnes by 2022. The Plastic Park, CIPET and Plastic Recycling unit at Deoghar will build an ecosystem that will encourage setting up of Plastic Industry, thereby making it ‘Plastic Hub’ in the future.
The minister also said a plastic recycling unit will be established with an investment of Rs 3.50 crore in the district, the second unit in India after Guwahati.
He also assured Jharkhand government that the 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.
Briefing media, Kumar said, “We have sanctioned a plastic park in Deogarh. It will be set up in 150 acres with an investment of Rs 120 crore”.
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
Project Details
Govt. of Jharkhand is bringing up a Jharkhand Plastic Park at Devipur Industrial Park of Deoghar at approx. 100 an acre of land. Many entrepreneurs have already shown their interest to invest in the Plastic Park, a brief presentation is attached for your reference. As there will be a cluster of Industries involved in Plastic Processing and Manufacture. Hence, request your participation as an investor and share your interest with a Letter of Intent (LoI) revealing the size of land required, type of industry, and the tentative cost of the project in the Plastic Park.
Project Highlights
- Encumbrance Free Land
- Located in AKIC corridor
- Ease of Available Skilled Resource
- Readily Available Market
- Attractive incentives under Industrial Policy
- World renowned Auto hub
Project Layout
Infrastructure Component & Land Area Distribution
Opportunities for Plastic Industries in Jharkhand
Product Mix
Jharkhand Plastic Park Funding
Incentives, Exemptions, and Concessions for tenants under Jharkhand Industrial and Investment Promotion Policy 2016.
Other Policies of Jharkhand
- Jharkhand Automobile and Auto Component Policy 2016
- Jharkhand ESDM Policy 2016
- Jharkhand Export Policy 2015
- Jharkhand Film Policy 2015
- Jharkhand Food Processing Industry Policy 2015
- Jharkhand Industrial Park Policy 2015
- Jharkhand IT and ITeS Policy 2016
- Jharkhand Single Window Clearance Act 2015
- Jharkhand State Solar Power Policy 2015
- Jharkhand Textile, Apparel and Footwear Policy 2016
- Jharkhand BPO-BPM Policy 2016
- Start-Up Policy 2016
- Tourism Policy 2015
For more Details Contact,
Mr. Ranjan Singh,
Mobile: – 9955990973
Jharkhand Industrial Infrastructure
Development Corporation (JIIDCO)
3rd Floor, RIADA building,
Namkum Industrial Area,
Ranchi – 834010, Jharkhand
Email: – [email protected]
www.advantage.jharkhand.gov.in
Helpline: 0651-6556666