During the year 2005-06, the Government approved setting up of three new Central Institute of Plastics Engineering & Technology (CIPET) Centres, one of this project will be set up up at Panipat at a cost of Rs.21.50 crore which will be shared equally by the Central Government and the State Government. The implementation period of the projects is three years from the date of Government’s approval. These Centres will help in providing technically trained manpower in various disciplines of Plastics Engineering and Technology to the plastics and allied industries and provide technical/consultancy services to these industries.


The Government of India signed an Agreement with Organisation of Petroleum Exporting Countries (OPEC) Fund authorities during the year 2005-06, for an amount of US $ 12.30 million for capacity building of CIPET in thrust areas at various CIPET Centres which are located in different States of the country. The loan will be utilised for procuring plant and machinery to provide the State-of-art technology for training/educating the aspiring students in the field of Plastics Engineering and Technology and to provide infrastructural facilities like Hostels for Women candidates.