Through this scheme, the industry is supported via creating knowledge products, promotional materials and various data surveys and data banks for R&D activities to be carried out by the industry. The scheme has also initiated incentivizing outstanding efforts ‘awards’ to an industry excelling in research and innovation.
The scheme has supported the creation of plastic parks with 50% funding support from government and the remaining 50% from industrial development corporations, banks, state government, benefiting industries etc. under special purpose vehicle.