Odisha expedites establishment of plastic, polymer & allied cluster

11-Jun-12

Odisha state government has put a proposed plastic, polymer and allied cluster in Baleswar on a first track basis. To be built with an investment of Rs 82 crore, it is targeted to be commissioned by end of December 2012, on the outskirts of Baleswar town involving three areas such as Ganeswarpur, Somnathpur and Balgopalpur with the initiatives of IDCO. A Special Purpose Vehicle (SPV) has been formed with representatives from the Government of India, the Government of Odisha and the North Odisha Chamber of Commerce and Industries (NOCCI) to ground the project. The total budget of the project is estimated at Rs 82 crore, which will be shared by financial grants from the Central Government, the State Government, contribution from industries and term loan. The project has been planned with two main components such as an Integrated Logistic Hub and a Common Facility Hub. The Integrated Logistic Hub will have a warehouse over 33,790 sq feet, truck parking with commercial area over 9,000 sq feet and railway sidings over one km. The Common Facility Hub will have facilities like a machine room over 14,000 sq feet, testing and a training centre over 9,500 sq feet, an exposition centre, a trade centre over 26, 900 sq feet, an auditorium with 6,450 sq feet, an executive hostel of 18,750 sq feet, a convention hall and a craft village over 13,450 sq feet. The cluster will have external linkages for water supply from river Budhabalanga for which a budget estimate of Rs 14 crore has been made. Construction of a bypass road to the cluster has been taken up with budget estimate of Rs 5.43 crore, which is expected to be completed by June 2012.