Maharashtra to set up Circular economy parks at Aurangabad, Ratnagiri, Pune and Nagpur

Mumbai, Feb 6 (KNN) The Maharashtra government is planning to set up four circular economy parks in Aurangabad, Ratnagiri, near Pune and Nagpur, state’s Principal Secretary for Steel and Mines Harshadeep Kamble said.

The parks will primarily focus on recycling scrap and other wastes.

Speaking at the side-lines of an international conference on material recycling organised by the Material Recycling Association of India, Kamble said that the four circular economy parks for major industries and an enabling policy for the same will be ready by March and implemented from April.

As per reports, the state government is planning a shipbreaking unit at Ratnagiri on the Konkan coast, an e-waste and auto parts unit near Pune, a steel scrap unit at Jalna near Aurangabad and a multipurpose multi- product unit in Nagpur given its geographical centrality.

“The Nagpur facility will cater to all major industries that generate waste and will function like a hub and spoke model for the rest of the country, he added.

Secretary for Steel and Mines pointed out that acquisition of land will not be an issue as Maharashtra Industrial Development Corporation (MIDC) has land banks in all these areas.

“The government is ready to offer lots of incentives to early birds in the form of lower GST rates, lower power and water tariffs along with fully developed land at much cheaper rates. These incentives will be for the first comers who can set up such large units,” he said.

Kamble informed that with this, Maharashtra will become the first state to have a special policy for circular economy, which means full adoption of recycling and reuse of materials. The proposed circular economy parks will support economic development and attract more investment in the state.

The primary objective of the state is to make these industries world-class, while it will create an additional 4-5 million direct jobs.  (KNN Bureau)