Telangana mulls one more plastics park near Shamshabad, first dry port in Medak
Setting up one more industrial park exclusively for firms focused on plastics to the south of Shamshabad airport as well as the State's first dry port in Medak district's Manoharabad are under active consideration of Telangana government, a senior official said on Friday.
'We are in the process of finalising location for the Plastics Park that will build on the success of Telangana State Industrial Infrastructure Corporation's Mankhal Plastics Park,' TGIIC Vice-Chairman and MD E. Vishnu Vardhan Reddy.
Given the demand for one more facility, the government is in consultation with the industry on the proposal, he said, inaugurating Polymers Conference 2025 of Telangana and Andhra Plastics Manufacturers' Association (TAAPMA) here.
Highlighting some of the initiatives of the State government, the senior official said Telangana has emerged as the largest polymers hub in south India and poised to be a circular economy leader. He also spoke of the State's efforts in promoting women entrepreneurship through Mahilashakti Industrial Hubs in every district, TAAPMA said in a release on the programme.
Further, Mr. Reddy announced that Telangana's first dry port is to be set up in Manoharabad as a multi-modal logistics hub under a PPP model. Two more dry ports are on the cards, he said.
To concerns around skyrocketing land prices raised by All India Plastics Manufacturers' Association (AIPMA) senior vice-president Anil Reddy Vennam, the TGICC MD assured land rates in the plastic parks are being frozen until 50% occupancy is achieved. For the benefit of micro, small and medium enterprises, flatted factory sheds and plug-and-play facilities are being provided at subsidised rates, with three such units ready for occupation.
Mr. Anil Reddy Vennam told the conference, which had 'Smart, Sustainable, Specialised: The New Phase of Plastics Innovation' as its theme, that though the polymer industry should ideally mirror or outpace GDP growth it has seen inconsistent performance. 'Polymer consumption in 2024–25 stood at 20.4 million tonnes, reflecting just 4% growth over the previous year. Prices remain lower than pre-COVID levels and domestic raw material producers are not adequately supporting local players,' he said.
He appealed to the government for the establishment of a dedicated plastics recycling park and allocation of 500 acres for TAAPMA-led development. TAAPMA president Narendra Baldwa and others spoke.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Indian Express
an hour ago
- Indian Express
Today in Politics: Modi government completes first year in third term, 11th overall
The Narendra Modi-led NDA government at the Centre will mark its first anniversary in the third term and 11th overall on Monday. In its 11th year in power, the BJP went back to the drawing board to recraft its political and governance outreach and regained momentum by notching up surprisingly big wins in a string of Assembly polls as the burst of fresh optimism in the main Opposition Congress and other INDIA bloc parties following last year's Lok Sabha polls fizzled out. If the BJP turned the tide in Haryana and Maharashtra, two states where it suffered reverses in the Lok Sabha polls, on the back of its welfare measures and social engineering associated with regional leadership, it also finally wrested Delhi after 26 years, eclipsing its adversary Arvind Kejriwal of the Aam Aadmi Party (AAP) on his home turf. The BJP now appears set to make a fresh political charge after recouping the ground lost in the national polls a year back while the Opposition is back to its disjointed self, with the Congress searching for an elusive and emphatic state poll win in a state. BJP rivals like West Bengal Chief Minister Mamata Banerjee-led TMC and Kejriwal have drifted away from the Congress and the likes of Shiv Sena (UBT) and NCP (SP) stare at an uncertain future. Despite the reduced majority, the Modi government has gone about with pushing ahead with the contentious part of its agenda. The support it received from the TDP, JD(U) and Chirag Paswan-led LJP (RV) in the passage of the Waqf (Amendment) Bill in Parliament, despite some voices of concern among them over its provisions, underscored the BJP's unchallenged dominance following its assembly poll wins. The government has also gone ahead with the push to its 'One Nation One Election' bills, which are being scrutinised by a Joint Committee of Parliament, despite lacking the two-thirds majority required for the approval of the constitutional amendment measure. Shivraj Singh Chouhan in Telangana Union Minister for Agriculture and Farmers Welfare Shivraj Singh Chouhan is scheduled to visit 'Viksit Krishi Sankalp Abhiyan' (VKSA) programme sites in Ranga Reddy district of Telangana on Monday. The visit intends to facilitate interaction with farmers and provide strategic guidance to enhance the campaign's impact, an official release said. During the visit, the minister will interact with the farmers in Mansanpally and Ramachandraguda villages of the district. About 1,500 farmers and farm women from across Telangana are expected to participate in the scientist-farmer interaction session to gain insights into sustainable practices, improved technologies, and integrated approaches to agriculture and aquaculture, it said. An exhibition will also be organised to showcase innovations and products by Telangana KVKs and ICAR institutes of Hyderabad. – With PTI inputs
Indian Express
an hour ago
- Indian Express
Explained: Familiar problems linger, global uncertainties complicate picture
Helped by a late 7%-plus surge in the last quarter, India's real GDP in Financial Year 24-25 grew 6.5% on a year-on-year basis. Some tailwinds have continued on to this fiscal (FY26), with domestic economic activity exhibiting resilience in the wake of strong agri growth; some gains, albeit uneven, are seen in industrial activity; and there is continued buoyancy in the services sector. The domestic headwinds are familiar: stubbornly indifferent private capex, weak urban consumption, patchy rural recovery, some indications of household balance sheet stress, and a negative credit impulse. The uncertainty over tariffs imposed by the United States could weigh on global investment flows, but it also offers opportunities for India, from potential trade diversion to tapping into medium-term supply chain shifts. That said, higher tariffs and uncertainties could weigh on India's export performance as it negotiates multiple trade deals. Continuing concerns According to the World Bank, India's biggest supply side problem is capital expenditure, especially by the private sector — something that the BJP-led NDA government has tried hard to address over the last 11 years. The government has more or less resolved the twin balance sheet problem by cleaning up the mess of corporate indebtedness and the bad loans on bank books. The Goods and Services Tax (GST) introduced in 2017 unified the country's markets, while the insolvency code in 2016 offered banks a chance to resuscitate bankrupt companies. In 2019, an unprecedented corporate tax cut was followed up with a major income tax relief in this Budget to boost consumption in the economy. All along, the Centre has continued with the heavy lifting on capex, especially on infrastructure, in the hope that it will crowd in private investments. But to very little avail. While companies' operating profits have surged since the corporate tax cut, capex has barely moved, with factories operating consistently at around 75% capacity over the last 11 years. Gross fixed capital formation, an investment metric, has remained at 25%, the same level as in 2014. There is now increasing concentration risk across sectors. Companies are also scaling down their salary outlays, something that policy makers are concerned about. Analysts are flagging that growth in compensation, including hiring, has trailed the growth in profitability. The industry states the problem as follows: consumption not growing fast enough to persuade companies to invest in new facilities or expand existing units. Limits to intervention The RBI has cut lending rates four times — totaling 100 basis points — since February this year. With Friday's 50 basis point cut and the change in stance to neutral from accommodative, the big question is whether the central bank thinks it has any headroom left for more rate cuts going forward. The problem is that with the front-loading of this cut, and a possible monetary policy pause round the corner, the government too has all but expended the ammunition — having followed up its corporate tax cuts with income tax cuts earlier this year. The view in the corridors of power in New Delhi is that there is little appetite for big reforms of any hue. A relatively empty state election calendar in 2025 was seen as providing a window to push reforms. But with half the year gone, the appetite for initiating fresh reforms, or even restarting pending ones such as the Labour Codes, appears significantly diminished. It is not that industry has stopped short of investing because of a paucity of funds; instead, it has done so more on account of a demand problem, and a degree of comfort in operating at a capacity utilisation of 75%. Dishing out manufacturing subsidies has its limitations, and that is now being debated internally. From the perspective of the central bank, the last mile of disinflation that was turning out to be arduous is perhaps behind the country. Also, the rate cuts could hopefully reverse the slowing credit growth — both to households and the corporate sector. Looking ahead While India's long-term growth story is believed to be intact — with a 6.5% average growth rate projected over the next half-decade seen as helping the country retain the tag of the world's fastest-growing big economy — there are problems. Countries such as China, Japan, and South Korea grew at well over 8% during their rapid growth phases on a sustained basis. Whether a 6%-plus growth would be enough for a country that needs to generate upwards of 8 million jobs every year until 2030 is a big question — as also whether this growth would be enough to bridge the growing wealth disparities and offer scope for generational mobility. A well-intentioned internship scheme, despite its promise on paper, is struggling to take off. Jobs, consumption recovery, and private capex are festering problems. The prognosis for 2025 is marred further by multiple external headwinds, including the uncertainties over protectionist regulations and curbs on immigration, two ongoing wars with no end in sight, and a weakening American economy that could compound the problems of a struggling Chinese economy. If tensions with Pakistan were to be renewed, investments could be impacted. Defence spending could be forced up in the coming years. The high-level deregulation commission in reducing compliance burden on businesses could be a net positive. Also, the global uncertainty around trade presents an opportunity for India to lower its protectionist barriers, alongside a renewed opportunity to push much-needed investments in education and skilling. Anil Sasi is National Business Editor with the Indian Express and writes on business and finance issues. He has worked with The Hindu Business Line and Business Standard and is an alumnus of Delhi University. ... Read More
Time of India
7 hours ago
- Time of India
No need of slum-dwellers' nod for Dharavi project, says CEO
MUMBAI: Responding to queries on the resistance to the Dharavi redeveloment project from a section of slum-dwellers, its CEO, S V R Srinivas, told TOI that more than 50% of the residents have already consented to the project. But more significantly, he revealed that the project did not require public consent in the first place because the developer had been appointed by the state govt. "Under the SRA rules, the building society appoints the developer. For that, 50% consent is required. But here, the govt has appointed the developer. In this case, there is no need for consent," said Srinivas in an exclusive interview to TOI. The project is being implemented by Nav Bharat Mega Developers Pvt Ltd, an SPV in which the Adani Group holds 80% stake and the govt 20%. The land on which Dharavi stands is owned by the govt and the BMC. Srinivas said around 1 lakh slum-dwellers had responded to the house-to-house survey and just around 20,000 remained to be surveyed. So even if the 50% consent parameter was applied, it had already been crossed, he said. Participation in the door-to-door survey on eligibility for rehabilitation translated into consent, he clarified. "They have given their documents voluntarily. There is a line in the survey which says they are willing to participate in the redevelopment. So, when they sign, it is consent," said Srinivas. Although consent is not required for the project, the govt had made multiple efforts to get residents to respond to the survey and agree to the project, he emphasised. "We don't want to ride roughshod on anybody. We have already given four opportunities. We put it in the newspaper and then we also put it on their doors," he said. Srinivas said that the survey was still ongoing but roughly 5 lakh eligible tenements would need to be given free space within Dharavi and 5 lakh ineligible tenements would have to move out to subsidised rental housing outside Dharavi. But the question is: Why a massive expanse of 541 acres of land has been earmarked for rental housing and a free sale component for the Adani-led SPV? This has fuelled allegations from the opposition that the project is essentially a "land-grab" to capture lucrative real estate both within and outside Dharavi. The 541 acres for rental housing have been allocated in Deonar, Kurla, Aksa, Malvani and salt pan lands in Bhandup, Mulund and Kanjurmarg. Of this, possession has been given of 63.5 acres so far in Kurla and Mulund. Srinivas said the land meant for rental housing was in the possession of the state's DRP and was not with the Adani-led SPV. "The problem is that there is a shortage of land in Mumbai. We had written to many different agencies including from the central government for these lands. In some cases, there were rejections. So, we did not know which lands would come and we started applying to different places," he said. "Now these lands are coming but they will be with the DRP. Unless people are rehabilitated, the land will not be given to the SPV," he said. He also said that rental units would be built in phases. If all the land was not required, then all the parcels would not be used. The land which is not used from the 541 acres would then revert from the DRP to the govt. "Our mandate is limited to Dharavi. The land that is not used, will revert to the govt," said Srinivas. Responding to questions about the basis on which the project has been planned since the door-to-door survey on eligible and ineligible tenements is yet to be completed, Srinivas said, "There was initially a drone survey followed by a LIDAR survey to map the structures in the area. And now there is a physical door-to-door survey, which is almost complete. Based on these three, we did a comparison and an extrapolation of data, which is how it works. In projects of this size, some things can go on simultaneously," he said.
