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The Central Government recently approved to build a plastic park at Ganjimutt, Managaluru, Karnataka. The park will be created at Rs 62.77 crores. It is to be built by the Karnataka Industrial Areas Development Board (KIADB)
Of the total estimated cost of 62.77 crores of rupees, the union government will share 50%, that is, 31.38 crores of rupees. The rest of the 50% is to be borne by the KIADB.
What is the plan?
The KIADB will be create a special purpose vehicle under its purview to implement the project. Also, KIADB is the major promoter.
Ifs and Buts in the project
The Central Government, that is, the Ministry of Chemicals and Fertilizers has set a criteria in the project implementation. If the project is not completed within three months, the resources allocated will be re – allocate to other deserving projects.
About the Plastic park
By: Brijesh Kumar ProfileResourcesReport error
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