OPPI to partner Haryana State body in development of Plastic City in Panipat

26-Jun-13

Organization Of Plastics Processors Of India (OPPI) will partner Haryana State Industrial and Infrastructure Development Corporation (HSIIDC) in the development of Plastic City in Panipat as downstream Industry for IOCL Refinery. Panipat Industrial Area developed by HSIIDC has Indian Oil Corporation Refinery from where it is possible to take the piped supply of Plastic Polymers to the Plastic Processor factory. The benefits available to the Plastic units in the Plastic City will include:- · All benefits accruing from Government of India and other agencies will be passed on to the Plastic City through HSIIDC. · The incentives as applicable in terms of Industrial & Investment Policy-2011 of Govt. of Haryana will also be applicable to the Plastic City being developed. Industrial & Investment Policy–2011 of Government of Haryana is available on their Website. The Chapter 10 of the Industrial & Investment Policy – 2011 of Govt. of Haryana gives the “Scheme of Incentives”. · HSIIDC has confirmed that the power availability in Haryana is good and available for 20 to 22 hrs. per day. The Govt. of Haryana has signed pact with Bhutan for power. Excerpts from Reports of various Associations and Institutions pertaining to Haryana are: Ø “Haryana amongst the top states in terms of social inclusion, environment and climate change, economic development and resource availability and utilization” – IFC-RICS Sustainability Competitive Reports. Ø “Highest per Capita net domestic product in the Country” – NCAER PC-NSDP Report 2011. Ø “Highest implementation rate of pledged investment @81.5%” – Assocham Report, September 2010. Ø “Highest per Capita investment in the Country” – CMIE Report 2007. Ø “Haryana as one of the leading states in terms of GDP growth between 2005-2010” – The CII Mckinsey Report 2011. Ø Haryana grows at 19.5%.