Page 38 - Plastics News February 2017
P. 38
FEFAETAUTRUERSES
Kailash Murarka, Managing Director, regent Plast Limited He said the biggest concern was disposability of plastics
and Chairman, PLATIVISTION INDIA 2017 complemented IIP and the supply chain is extremely large . Due to growth,
for their big success in holding qualitative conference . He a lot of opportunities have also cropped a plastics, he said
also sad that IIP could impart knowledge on why plastics has over 50% share in the packaging industry also IIP will
play an important role in human life be focusing on its core strength of education research and
building a knowledge base, “while we have set packaging
R. V. S Ramakrishna, chairman IIP, said that though the the standard ;ultimately IIP will evolve on the lines of NID
packaging industry life. fragmented , the growth is huge. or IIT,” he added.
U.P. Makes Rapid Strides in the Plastics Industry
Uttar Pradesh could well emerge as a significant plastic UPSIDC has also developed an exclusive Plastic City
state in the polymer world. At the PLASTIVISION INDIA at Aurriya near Kanpur, which aims at providing land
2017 exhibition, the U.P. government representatives at subsidised rates and that too in installments. Apart
went in an overdrives about why potential investors in from this, many concessions and incentives have also
the plastics world would want to invest in Uttar Pradesh. been announced by the state likeavailability of Land
at subsidized rates and that too in easy installments,
For one, the state has an ace in its hand. They have Production Incentive of 30% subsidy on land cost, No
developed Auraiya as the plastic city. But is not just the transfer levy for transfer of functional units and no
intent that could propel Auraiya as the city to watch out restriction on sub-division of land in certain cases.
for. The state government has given a host of rebates
and concessions. The advantage that this city has is the Joining UPSIDC in this venture,the State Government has
presence of Gas Authority of India (GAIL) which has set also offered various financial incentives such as 100%VAT
a petrochemical complex with an expectd production of Exemption for 15 years, 100% stamp duty exemption,
1,00.000 TPA if HDPE and 1,60,000 TPA of LLDPE which has Interest free loan for 10 years of an amount equivalent
a market share of 20% in U.P. An MOU has signed with GAIL. to CST and Instalment of loan to start after 7 years and
many more that shall give leverage to the units at Plastic
Amit Kumar Ghosh, MD, UPSIDC said that the state was City as well as other projects and is generating interest
waiting for entrepreneurs who were looking for good of many entrepreneurs and to add to this, the address by
investment opportunities in plastics manufacturing. “U.P. the Managing Director, UPSIDC at the inauguration and
interaction by the Chairman, UPSIDC and the Investment
wants to be a part of the Commissioner of Uttar Pradesh with industry people at
plastics revolution that is Plastivision–2017 has shown that UPSIDC means business.
taking place.
There are strategic points working in favour of Auraiya:
UPSIDC is a premier
industrial infrastructure Connectivity
development organisation
of the State and has now This upcoming plastic city is well connected by Lucknow
developed Hi-Tech and self -Agra expressway (crossing Kannauj) and is located barely
sufficient cities to support 120 kms from Kanpur.
the industrial development
of the cities of the state, Size
wherein these most modern
cities will have Exclusive Industrial, Residential, It is spread over 275 acres.
Commercial and Social Sectors. These cities are located
near Kanpur and Allahabad, both known for Holy Rivers Distance
and industrial activities.
It is just 6 kms from Kanchausi railway station on the
proposed eastern dedicated freight corridor providing
rail connectivity to the plastic city.
Plastics News | F e b r u a r y 2 0 1 7 38
