Assam to get investment from Gujarat based polymer processors

22-Jun-10

About six to seven plastic processing companies from Gujarat have decided to set up units at the upcoming Tinsukia Plastic Park in Assam for a total investment close to Rs 150 crore in response to Assam Industrial Development Corporation Ltd's (AIDCL) campaign to attract investors to the Plastic Park project. "Already around six or seven Gujarat based processors have signed the memorandum of understanding with the AIDCL", said Bipin Shah, vice president Plastindia Foundation that has been helping AIDCL attract potential investors. The AIDCL is in the process of setting up a 360 acre Plastic Park in Tinsukia, north of Guwahati that will use raw material produced at the Brahmaputra Crackers and Polymers Limited (BCPL) that is likely to come onstream in around a year's time. The idea is to utilise the 200,000 tpa polymer produced at the BCPL to produce finished products that can be sold in neighbouring markets of Myanmar, Bangladesh, Bhutan among other regions in South East Asia.