Karnataka to get its third Central Institute of Plastics Engineering and Technology Center (CIPET) in the upcoming plastics park in Dakshina Kannada district, with the other two centers operating in Mysuru & Bengaluru.
The Department of Chemicals and Petrochemicals under the Ministry of Chemicals and Fertilizers has accorded the final approval for the setting up of a Plastic Park in Mangaluru. The project is to be executed by a Special Purpose Vehicle (SPV) incorporated by Karnataka Industrial Areas Development Board (KIADB) with a total project cost of 6277 lakhs including a central grant of 3138.775 lakhs. The Plastic Park will come up over 200 acres at Ganjimautt 2nd Phase EPIP Industrial area Mangalore Taluk, Dakshina Kannada District.
The then Union minister of state for skill development & entrepreneurship, Mr. Anant Kumar Hegde had mooted the idea of setting up a CIPET center in the proposed plastics park and the same was pursued with the center.
The new Industrial plants and the CIPET center in the park would immensely benefit mutually and gel well within the ecosystem of Dakshina Kannada district which houses many renowned chemical industries.
KIADB the nodal agency and a major promoter in the SPV will be taking up civil works of the plastic park site, construction of CIPET, Admin & Export building, Hostels, Guest house, Warehouse & Cafeteria buildings. Tenders have been called for the above stated works and are expected to be completed within 11 months from the date of award of work.