Chatterjee asked to submit detailed project report on proposed polymer parks spread over 300 acres

02-Sep-11

Industries minister of the state of Bengal has asked Purnendu Chatterjee to submit a detailed project report on proposed polymer parks which would require 300 acres. It was in the end of May that Haldia Petrochemicals Ltd (HPL) proposed three polymer parks in Haldia, Panagarh and Kharagpur in Bengal and devised a marketing strategy to overcome the volatility of commodity petrochemical cycle. Each polymer park is to be spread across 100 acres, and will comprise units making plastic products. With this, Haldia is expected to be in a position to raise sales in East India to levels upto 50% of its output from the current 20%. The WBIDC and the Haldia Development Authority possess the land for the parks. The company had identified eight projects and has already started work on two. The company has enough land within the existing HPL complex to take up the projects.