Page 63 - Plastics News November 2017

IN THE NEWS

Over 30,000 cr lined up for petrochemical MSMEs in east India

ver Rs 30,000 crore would commissioned at Paradip Refinery in 2018 to support the
Obe pumped in to set up polymers and plastics industry, he said. Several other
MSMEs in petrochemical sector projects and proposals are lined up at Paradip Refinery,
in eastern India over the course and once these go on stream, the port town would develop
of two years, Union Petroleum into a petrochemicals hub, leading the industrial growth in
Minister Dharmendra Pradhan Odisha and the eastern region, Pradhan said. Facilities for
said in a function at Odisha. production of aircraft parts can also be set up in the state
Noting that over one lakh for which there should be synergy between government,
employment opportunities are industry and the academia, he said.
likely to be generated in the Three MoUs were today signed by IOC at the conclave,
eastern region, Pradhan said including with Odisha Industrial Infrastructure Development
the Odisha government should create a conducive eco- Corporation, Institute of Chemical Technology, Mumbai and
system to attract investments to promote MSME industries MCPI Pvt Ltd, Haldia.
in the state. The petrochemical sector has the potential to
generate 22 lakh jobs across the country, the minister told
reporters after inaugurating the Petrochemical Investors
Conclave. Asking the state government to tap the potential Hyderabad Airport installs
of good ports as well as coal and mineral reserves in the
state, he said MSMEs would flourish in major port towns waste recycling machines
like Paradip, Dhamra and Gopalpur if proper steps are
taken. Pradhan said unless Odisha announces reasonable ajiv Gandhi International Airport (RGIA), Hyderabad
electricity tariff and land rates for the next 20 years Rhas become the first airport in the country to
for industrial units, many projects would choose other commence installing waste recycling machines as
competitive states in the region. a pilot project. The machines have been installed
to crush plastic PET (polyethylene terephthalate)
He said the Centre's focus is on development of eastern bottles, steel/aluminium cans and plastic bags in an
states, and efforts are on to build a world-class and vibrant eco-friendly way, said GMR Hyderabad International
petrochemical eco-system, with an aim to help catalyse Airport Ltd. (GHIAL), which operates the airport.
investments in downstream plastic parks proposed to
be developed in the region. Describing petrochemicals Wild West Media has provided two machines which
as a sunrise industry in eastern India, he said Odisha were installed at strategic locations within the airport.
is a prospective state with huge potential for growth This project has been taken up
in this sector. Pradhan said the Centre's Chemicals and under the airport’s signature
Petrochemicals Department would participate through #PassengerisPrime programme
equity with an amount of Rs 40 crore in a Rs 100-crore with the motive to inspire
SPV, to set up a plastic park at Paradip in collaboration people to contribute towards
environmental sustenance.
with the Odisha government. The Petroleum Ministry Passengers will get an option to
has also decided to join the SPV following a request from either make a donation or claim
the state government, but the amount of equity would a discount coupon in return for
be decided shortly. Stating that Paradip is strategically submitting their empty plastic
located for investment in petroleum, chemicals and water bottles/bags/metal cans
petrochemicals, the minister said Indian Oil Corporation into the crushing machine,
has already commissioned a 15-million metric tonnes per GHIAL said in a statement.
annum oil refinery at the port town at an investment of
Rs 35,000 crore. RGIA is also the first airport to have its own composting
plant, which processes the food waste generated at
A new polypropylene unit of 700 kilo tonnes per annum the airport.
capacity, at a cost of Rs 3,150 crore, is also slated to be

63 N ovember 2017 Plastics News