Indore, Nov 15 (PTI) Rubber and plastic product makers in Madhya Pradesh are working on 105 new projects with an investment of about Rs 6,000 crore, an industry body said on Sunday, calling the state a preferred investment destination.
The state currently has 396 registered factories in the plastic and rubber sectors, providing direct employment to around 36,000 people, Indian Plast Pack Forum (IPPF) president Sachin Bansal told reporters here.
"Madhya Pradesh was emerging as a preferred investment destination due to its central geographical location and investor-friendly industrial policies," he said.
Work is underway on 105 new projects of the plastic and rubber industry in the state, with an investment of about Rs 6,000 crore, including units of more than Rs 1,900 crore under construction in Indore, Pithampur and Dhar, the official said.
He was speaking on the occasion of the groundbreaking ceremony for 'Plast Pack 2026', an exhibition on the plastic and packaging industries.
The exhibition, organised by IPPF in collaboration with the government's Madhya Pradesh Industrial Development Corporation (MPIDC), will be held from November 27 to 30, he said.
More than 450 exhibitors from across the country are expected to participate in the event, which will feature over 500 stalls spread across more than 10,000 square metres, Bansal said.
The exhibition will be organised around the theme 'Innovation Towards Sustainability, Creating Opportunities', he added.
