Make in India: Export-oriented plastic cluster proposed in Lucknow

Cluster would be set up by Indian Industries Association in collaboration with Central Institute of Plastics Engineering & Technology

Virendra Singh Rawat Lucknow
Last Updated : Mar 03 2015 | 9:08 PM IST
Taking a leaf out of the ‘Make in India’ initiative by Prime Minister Narendra Modi, an export-oriented plastic cluster has been proposed to be set up at Amausi industrial enclave in Lucknow.

The cluster, which entails an investment of Rs 100 crore, would be set up by the Indian Industries Association (IIA) in collaboration with the Central Institute of Plastics Engineering & Technology (CIPET), Lucknow.

Man Mohan Agarwal, president, IIA Lucknow chapter, said the proposal had been formally placed before the Uttar Pradesh State Industrial Development Corporation (UPSIDC) for approval.

Also Read

“We have sought around 1,800 sq mt of industrial plot for the proposed cluster from UPSIDC and now are awaiting their reply,” Agarwal added.

The cluster is projected to generate direct employment opportunities to nearly 2,500 youth and spur industrial activity in the region.

“So far, almost 200 industrialists and entrepreneurs have expressed interest in opening units in the proposed cluster,” said Agarwal.

Of late, the Lucknow region has developed as a mini-hub of plastic industries, producing a range of consumer and industrial products such as pipes, bathroom items, pellets, packaging, etc.

“However, these are mostly low-value products. Once this cluster is established, high-value and latest technology products could be manufactured for both domestic and foreign markets,” said Agarwal.

IIA is eyeing south-Asian, African and Latin American markets for exports. CIPET would provide consultancy to the project as well as individual industries in the cluster. It would also allow units to use its facilities comprising latest industrial, testing and manufacturing machines, said Vishal Verma, senior technical officer at CIPET.

CIPET has already submitted a diagnostic study report on the proposed cluster to the Centre. IIA is seeking interest-free loan from the state government for the cluster.
*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Mar 03 2015 | 8:30 PM IST

Next Story