A US-based firm is likely to set up a Rs 6,000-crore urea plant in Bhadrawati near Nagpur as talks are in final stage in this regard, Union Minister Nitin Gadkari said on Sunday.
“Negotiations with the concerned company have reached final stages and a number of meeting have been held with Chief Minister Devendra Fadnavis and Union Minister of State for Home Hansraj Ahir who represents the area (Chandrapur district),” the Transport Minister told reporters.
Maharashtra Government has already allotted a piece of land to the firm, he said, adding that Western Coalfields Limited (WCL) has agreed for coal linkage to the proposed plant.
- Bigg Boss 10 Day 3 Review: Celebs Fail To Do Well in First Task
- Airtel Offers 10GB Data At Rs 259 For New 4G Smartphone Users
- Aamir Khan Starrer Dangal’s Trailer Launched: First Impressions
- TMC Supporters Attack BJP Leader Babul Supriyo
- Sri Lankan Navy Apprehends 20 Indian Fishermen
- Hillary Clinton accuses Donald Trump of being Vladimir Putin’s ‘puppet’
- Senior UP Congress Leader Rita Bahuguna Joshi Joins BJP
- Missing JNU Student: VC Gives Ultimatum To Students Over ‘Illegal Confinement’
- US Presidential Debate: Donald Trump Calls Hillary Clinton ‘A Nasty Woman’
- Hasselblad True Zoom Mod Review
- Honor 8 First Look Video
- Apple Watch 2: Review, Price And Features
- Delhi HC Dismisses Kejriwal’s Plea For Stay In Criminal Defamation Case
- Gulzar Shares An Interesting Anecdote Behind The Lyrics of ‘Humne Dekhi Hai’ Song
- Diya Mirza Displays Her Painting Skills At An Art Festival In Mumbai
“A final meeting with WCL and all concerned Ministers and officials is scheduled later this month and it (the deal) will be finalised within a month,” Gadkari said, adding that urea derived from coal is cheaper by Rs 10,000 per tonne.
He informed that state Finance Minister Sudhir Mungantiwar was in the process of finalising a proposal for setting up a farming unit for bamboos for making incense sticks, in the backward areas of Chandrapur and Gadchiroli.
“Presently, India is importing these logs from foreign firms at a whopping cost of Rs 40,000 crore per year. If this project picks up the import will be curbed, besides farming of bamboos will provide employment opportunities to local youths,” the minister added.