Policy initiatives taken for promotion of Plastics Industry

For the promotion of the Plastic Industry in the country, the Government has taken various industry friendly policy initiatives such as 

• Deregulation of the petrochemical sector and allowing 100% FDI under the automatic route to facilitate fresh investments.
•  The Department of Chemicals and Petrochemicals has approved a Scheme for setting up of need based Plastic Parks to promote the domestic downstream plastic processing industry.
•  A scheme of setting up “Centres of Excellence (CoEs)” which aims at improving the existing petrochemical technology and research environment in the country and to promote the development of new applications of polymers and plastics, has also been implemented.

 Central Institute of Plastics Engineering & Technology (CIPET)

    Central Institute of Plastics Engineering & Technology (CIPET), an autonomous academic and training institute under the Department of Chemicals and Petrochemicals caters to human resource and training requirements of the plastics and allied industries in the petrochemicals sector through its 23 centres spread across the country which include 05 high Learning Centres located at Chennai, Ahmedabad, Bhubaneswar, Lucknow and Kochi, 11 Diploma Centres at Amritsar, Aurangabad, Bhopal, Guwahati, Haldia, Hajipur, Hyderabad, Jaipur, Mysore, Murthal and Imphal, 01 Vocational Training Centre at Bhubaneswar, 03 Specialized Units viz. Advanced Tooling and Plastics Product Development Centre (ATPDC), Madurai, Advanced Plastics Processing Technology Centre (APPTC), Balasore, Plastic Waste management Centre at Guwahati, 02 R&D Wings at Chennai and Bhubaneswar and Polymer Data Services (PDS) centre at Gurgoan.

Setting up of CIPET centres is a dynamic process based on the demand and growth of plastic industries and requisite infrastructural and financial support of the State Government. During 2015-16, the Government has approved setting up 05 Centres of CIPET at Dharampur (Gujarat), Baddi (HP), Bhopal (MP), Vijayawada (AP) and Hyderabad/Medak (Telangana). Further, Memorandum of Understanding between the Department of Chemicals and Petrochemicals and Ministry of Skill Development and Entrepreneurship has been signed on 9th July, 2015 for strategic partnership on skill development to facilitate technology and financial collaboration for imparting employability skills in chemicals, petrochemicals and allied sector.

source : PIB