The Union Government has given the final approval for setting up a plastic park at Ganjimutt in Mangalore, informed MP Nalin Kumar Kateel. The plastic park will be set up on 104 acres of Karnataka Industrial Areas Development Board (KIADB) land at an estimated cost of ₹62.77 crore. In that, 50% of the project cost, that is ₹31.38 crore, will be borne by the Union Government and the remaining 50% by the KIADB. A special purpose vehicle incorporated by the KIADB will be set up to take up the project. The Union Ministry of Chemicals and Fertilisers conveyed the final approval accorded. MP Kateel expressed his gratitude to Prime Minister Narendra Modi, Union Minister for Chemicals and Fertilisers Bhagwanth Khuba, Chief Minister Basavaraj Bommai and Minister for Heavy Industries Murugesh Nirani for supporting the project in Mangalore. The former Union Minister for Chemicals and Fertilisers D.V. Sadanana Gowda too had supported the project, he said.