Talks are in an advanced stage to set up a plastics park on 40-acre land in Kannur. The envisaged investment for the project is `2,000 crore. The All-India Plastics Manufacturers’ Association (AIPMA) is initiating talks with the government and Kinfra to construct the park there, AIPMA officials said at a press conference here on Thursday.
Currently plastic parks are proposed in Gujarat, Uttar Pradesh, Madhya Pradesh and Karnataka. “Companies in the plastic manufacturing sector across the country would come to invest in the park.
“ The AIPMA would act as a facilitator to attract investment for the plastic park. Kinfra would provide the basic infrastructure for the project,” said AIPMA officebearer Hiten Bheda.
“Plastic consumption in southern states, including Kerala, is increasing. In the South, polymer consumption is approximately 2.5 million tonnes per annum with a growth rate of about 10 per cent.
Polymer consumption in the South is the maximum in packaging, infrastructure and consumer goods and healthcare segments. In Kerala, there is a good scope for medical plastics,” he pointed out.
The ninth edition of ‘Plastivision India-2013’, AIPMA trade fair, would be held in Mumbai from December 12 to 16.