The first phase of Indias first-ever rubber park,
jointly promoted by central and state governments, at
Irapuram near Perumbavur in central Kerala will go operational
by the end of August 2002.
far 13 units, involving a total investment of about Rs
25 crore, have been allotted land in the first phase in
the park, christened Rubber Park India (RPI) Pvt Ltd.
They have accounted for 20.12 acres of the total 28 acres
available in this phase, says RPI managing director George
among the units are a Rs 9-crore mechanised balloon manufacturing
unit by Kerala State Cooperative Rubber Marketing Federation
(RubberMark), Rs 7-crore heat resistant filaments and
the elastic threads-making unit of Filatex. The RubberMark
unit is a joint venture with a Malaysian company, which
has agreed to buy back the entire products.
Rubber Products, dealing with rubber-based solvents and
adhesives, will be the first company to set up a unit
in the park. The other proposed manufacturing units deal
in products like tread rubber and moulded goods, latex,
sulphur powder, mattresses, gloves, bearing pads and intermediate
mix of carbon black and rubber.
total expenditure for the first phase is Rs 8.7 crore.
All the units have came during the early bird
scheme, under which a discount of 33.33 per cent was offered.
The scheme came to a close on 30 June 2002, says Joseph.
park is offering land on a 99-year lease at a rent of
Rs 15 lakh per acre. The second phase of 65 acres is being
developed and is expected to be ready by May 2003. The
total cost of developing the entire 107 acres (including
both phases) and providing power and water facilities
has been revised at Rs 26.68 crore.
original estimate was Rs 36.61 crore as the park had planned
its own generation of power. Subsequently, it was decided
to set up a 110-kv substation and to distribute the power
supplied by the Kerala State Electricity Board (KSEB)
in the park. The substation is ready and the park is waiting
for the KSEB to charge it.
the other facilities, the water storage tank with a capacity
of 4.5 lakh litres is ready. The other common facilities
planned are: common effluent treatment plan, laboratory,
canteen and hospital.
Rubber Board and the Kerala Industrial Infrastructure
Development Corporation have contributed Rs 10 crore each
for the park, representing the central government and
state government, respectively.