Rs 300 crore industrial park for high end plastic component manufacturing –planned in Chennai

04-Sep-13

A 300-acre industrial park for high-end plastic components manufacturing units is to come up to the North of Chennai. The State Industries Promotion Corporation of Tamil Nadu (Sipcot) and the Tamil Nadu Industrial Development Corporation (Tidco) will float a joint venture, which will implement the project. Tidco has submitted the final proposal to the Department of Chemicals and Petrochemicals, Government of India, for an Rs 40-crore grant eligible for such facilities. total project cost is estimated at about Rs 243 crore, for the park planned on Government-owned land near the Ennore Port and the L&T Port at Kattupalli. The industrial park will have common infrastructure facilities for investors planning to set up medium and small-scale units for manufacturing high-end engineering plastics, auto components and machines for making such plastic products. Over 70 such units can be accommodated at the industrial park, which can generate over 25,000 jobs.