MUMBAI, INDIA (Aug. 10, 3 p.m. ET) — Some 30 plastic manufacturers in and around India's commercial capital Mumbai plan to invest about US$134 million in a plastic park under construction in Dahej, Gujarat.
“Gujarat is emerging as a major plastic hub. Currently about 70 percent of the raw material used in the plastic industry in India is being manufactured in Gujarat,” said Manish Dedhia, secretary of the All India Plastics Manufacturers Association (AIPMA).
Gujarat Industrial Development Corp. allotted part of a 200-acre parcel to AIPMA for the plastics park.
“This land has been allotted for the first phase of the project. We are planning to apply for another 300 acres in the second phase,” Dedhia said.
The manufacturers that plan to build there include injection molders, blow molders, extruders and masterbatch makers.
About 150 companies in the plastic sector may be interested in Gujarat. “Dahej is very near to port, offers very cheap land compared to Maharashtra, moreover, Dahej is a petrochemical hub and also provides uninterrupted power supply,” Dedhia said.