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- Operations
- CIPET Expansion Project
CIPET Expansion Project
India
| Borrower | India |
| Financing Type | Public Sector |
| Instrument | Project Loan |
| Focus Area | Education |
| Approved | 14.06.2001 |
| Signed | 01.06.2005 |
| Status | Completed |
| Loan Administrator | OPEC Fund |
| Executing Agency | CIPET under Min of Chemicals and Fertilisers |
| Co-financiers | Government |
| OPEC Fund Contribution (US$m) | 15.00 |
| Total Project Cost (US$m) | 16.70 |
India's Central Institute of Plastics Engineering and Technology (CIPET) provides post-graduate courses and other specialized instruction to the majority of the country's trained personnel. However, the demand for skilled workers has risen and existing centers need to be upgraded accordingly.
The project will thus expand the CIPET and purchase specialized equipment, as well as construct women's hostels at 11 CIPET Centers. Overseas training will be provided to CIPET faculty, senior officials and technicians, while other staff will receive in-country training. This project will allow CIPET to play a pivotal role in the development of the Indian plastics industry, while correcting gender imbalance and enhancing India’s socio-economic development.