Mangaluru: Cost of site at ‘Plastic Park’ not affordable, say manufacturers; 39 entrepreneurs ready to set up units, claims Kateel

News Network
June 4, 2023

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Mangaluru: While the plastic park project, which is being set up by the Union ministry of chemicals and fertilisers at Ganjimutt in Mangaluru taluk is getting momentum, 

The Plastic Manufacturers Association has urged the government to reduce the cost of industrial plots at the plastic park project which is being set up by the Union ministry of chemicals and fertilisers at Ganjimutt in Mangaluru taluk. The price of the site is currently fixed at Rs 1.2 lakh per cent of land.

On the other hand, Dakshina Kannada MP Nalin Kumar Kateel, who visited the project site on Saturday, told reporters that the project will come up on 104 acres at a cost of Rs 62 crore. While infrastructure will be provided for 52 industrial plots, 39 entrepreneurs have shown interest in setting up units, he said. 

“The plastic park will have roads, a Central Institute of Petrochemicals Engineering & Technology (CIPET) Institute, separate hostels for men and women, guest house, cafeteria, warehouse, and water supply and sewage system. The funds allocated for the establishment of the plastic park includes Rs 31 crore from the central government and an equal amount from the Karnataka Industrial Area Development Board (KIADB),” he said.

The project will ensure job opportunities for locals, once the project is completed, Kateel said. “Many industries have already come forward to set up units in the plastic park. Works related to the development of infrastructure and buildings have already begun. The CIPET institute will provide all technical support and extend training for the manpower required in the industries. Plastic-based industries may start production at the park without any hassle. The plastic park is expected to attract investments to the tune of Rs 6,000 crore, and it will ensure jobs for 1,000 people directly, and more than 10,000 indirectly,” Kateel said, adding that a foundation stone laying ceremony will be held soon, and the work is expected to be completed within a year.

Canara Plastic Manufacturers Association president BA Nazeer said that the price of land should be reduced from Rs 1.2 lakh per cent to Rs 50,000. 

“The KIADB should reconsider the price of land fixed for industries, as Rs 1.2 lakh per cent is too costly, considering the value of land in the area. Further, the process of allotment of industrial plots should be done in Mangaluru, instead of Bengaluru,” he added. Meanwhile, Ganjimutt gram panchayat members demanded that separate land should be identified for waste management.
 

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Agencies
July 12,2024

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New Delhi: Retail inflation increased to 5.08 per cent in June as kitchen items became dearer, according to government data released on Friday.

The Consumer Price Index (CPI) based retail inflation was 4.8 per cent in May 2024 and 4.87 per cent in June 2023 (previous low).

Inflation in the food basket was 9.36 per cent in June, up from 8.69 per cent in May, according to the data released by the National Statistical Office (NSO).

The government has tasked the Reserve Bank of India (RBI) to ensure that the CPI inflation remains at 4 per cent with a margin of 2 per cent on either side.

The RBI projected the CPI inflation for 2024-25 at 4.5 per cent, with Q1 at 4.9 per cent, Q2 at 3.8 per cent, Q3 at 4.6 per cent, and Q4 at 4.5 per cent.

The central bank mainly factors in the retail inflation while deciding its bi-monthly monetary policy.

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News Network
July 8,2024

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Moscow: Prime Minister Narendra Modi arrived here on Monday on a two-day high-profile visit to Russia during which he will hold summit talks with President Vladimir Putin to review all aspects of bilateral ties and explore opportunities to further boost cooperation in sectors like trade, energy and defence.

It is Modi's first trip to Russia in nearly five years. His last visit to Russia was in 2019 when he attended an economic conclave in the Far East city of Vladivostok.

During the 22nd India-Russia annual summit on Tuesday, Modi and Putin are expected to explore ways to further expand bilateral relations in diverse areas, including trade, energy and defence.

"The special and privileged strategic partnership between India and Russia has advanced over the past 10 years, including in areas of energy, security, trade, investment, health, education, culture, tourism and people-to-people exchanges," Modi said in his departure statement.

"I look forward to reviewing all aspects of bilateral cooperation with my friend President Vladimir Putin and sharing perspectives on various regional and global issues," he said.

"We seek to play a supportive role for a peaceful and stable region," he said without making any specific references.

The annual summit between the Prime Minister of India and the President of Russia is the highest institutional dialogue mechanism in the strategic partnership between the two countries.

So far, 21 annual summits have taken place alternatively in India and Russia.

The last summit was held on December 6, 2021, in New Delhi. President Putin had visited India to attend the summit. Putin, as head of the Russian state, has visited India nine times.

Prime Minister Modi and President Putin last held bilateral talks on the margins of a summit of the Shanghai Cooperation Organisation (SCO) at Samarkand in Uzbekistan on September 16, 2022.

In the meeting, Modi had famously pressed Putin to end the conflict in Ukraine saying, "Today's era is not of war".

Since the Russian invasion of Ukraine in February 2022, Modi has held several telephonic conversations with Putin and Ukrainian President Volodymyr Zelenskyy.

In reflection of its strong friendship with Russia, India has not yet condemned Moscow's invasion of Ukraine and it has been maintaining that the crisis must be resolved through diplomacy and dialogue.

In Russia, the prime minister will also meet the vibrant Indian community.

From Russia, Modi will travel to Austria on Tuesday in the first visit by an Indian prime minister to that country in over 40 years.

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News Network
July 8,2024

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A leading general medical journal has estimated that the death toll from Israel’s genocidal war on the Gaza Strip could be 186,000 or even more, translating to 7.9 percent of the population in the Palestinian territory.

In a report published on Friday, The Lancet said the figure includes both direct and indirect deaths from the Israeli onslaught and those still buried under the rubble in the besieged Gaza.

The journal added that it had applied a conservative estimate of four indirect deaths per one direct death reported by the Gaza Health Ministry.

“It is not implausible to estimate that up to 186,000 or even more deaths could be attributable to the current conflict in Gaza,” it said.

Israel unleashed its brutal Gaza offensive on October 7 after the Palestinian Hamas resistance group carried out its historic operation against the occupying entity in retaliation for the regime’s intensified atrocities against the Palestinian people.

According to the Gaza Health Ministry, the Tel Aviv regime has so far killed at least 38,514 Palestinians, mostly women and children, in Gaza. The ministry announces the death toll only after receiving the dead bodies. 

The figure provided by the ministry is “likely an underestimate,” The Lancet said. “The total death toll is expected to be large given the intensity of this conflict; destroyed health-care infrastructure; severe shortages of food, water, and shelter; the population’s inability to flee to safe places; and the loss of funding to UNRWA, one of the very few humanitarian organizations still active in the Gaza Strip.”

It also called for an immediate and urgent ceasefire in Gaza accompanied by measures to enable the distribution of medical supplies, food, clean water, and other resources for basic human needs.

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