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Time of India
02-05-2025
- Business
- Time of India
Telangana to get 2nd dedicated plastics park near Shamshabad, 1st dry port at Manoharabad
Vishnu Vardhan Reddy, vice chairman & managing director, TGIIC, addresses the 4th edition of the Telangana and Andhra Plastics Manufacturers Association (TAAPMA)'s flagship Polymers Conference 2025 in Hyderabad on Friday. HYDERABAD: Telangana is all set to get its second dedicated plastics park near Shamshabad after the one at Mankhal as well as a dry port at Manoharabad, a top Telangana government official said on Friday. 'We are in the process of finalising the location. Given the rising demand, the government is actively considering this expansion in consultation with the industry,' Dr E Vishnu Vardhan Reddy, vice chairman & managing director, TGIIC, said on Friday. Speaking at the 4 th edition of the Telangana and Andhra Plastics Manufacturers Association (TAAPMA)'s flagship Polymers Conference 2025, Dr Reddy said Telangana's first dry port will come up at Manoharabad and will be developed as a multi-modal logistics hub under a PPP model. The TGIIC VC & MD also said there are two more dry ports in the pipeline in addition to the proposed one at Manoharabad. On industry concerns about the skyrocketing land prices in and around Hyderabad, Dr Reddy said land rates in plastic parks would be frozen until 50% occupancy is achieved. To support MSMES, he also announced the rollout of flatted factory sheds and plug-and-play facilities at subsidised rates, with three such units ready for occupation. All India Plastics Manufacturers' Association (AIPMA) senior vice president Anil Reddy Vennam urged the government to set up a dedicated plastics recycling park and allocate 500 acres of land for the TAAPMA-led development. Stay informed with the latest business news, updates on bank holidays and public holidays . AI Masterclass for Students. Upskill Young Ones Today!– Join Now
The Hindu
02-05-2025
- Business
- The Hindu
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.
