Updated: October 11, 2014 6:39:53 am
The Union government on Friday announced a slew of investments in Madhya Pradesh, which include the setting up of a petrochemical complex, seven food processing units, thermal and renewable energy power plants and an expansion of mining operations in the state.
The announcements were made at the concluding ceremony of the Madhya Pradesh Global Investor’s Summit.
“SAIL is currently exploring an investment of around Rs 13,500 crore in the state. NALCO and NMDC have also announced investments worth Rs 28,000 crore to establish mining operations here,” said Narendra Singh Tomar, Union minister for mines, steel, labour and employment.
Chemical and fertilisers minister Ananth Kumar announced an investment of Rs 1 lakh crore to set up a petroleum, chemicals and petrochemical investment region (PCPIR) around an expanded Bina refinery.
“The capacity of the Bina refinery will be extended to 15 MT from 6 MT, by BPCL. The PCPIR will be set around that. So far, a PCPIR had only been announced at Gujarat, Andhra Pradesh, Orissa and Tamil Nadu,” Kumar said.
Commerce and industry minister Nirmala Sitharaman, said that the Pithampur-Dhar-Mhow belt was likely to become one of the biggest industrial hubs in India under the Delhi-Mumbai Industrial Corridor project.
“We are also planning to upgrade the Sitapur-Morena area and parts of Ujjain in order to develop them as world class industrial hubs,” she said.
Coal and power minister Piyush Goyal proposed investments to the tune of Rs 20,000 crore in the state with three new thermal power plants and also said that the PSUs were also likely to harness the renewable energy potential of the state.
He said that NTPC Ltd is planning to set up plants with a total capacity of around 5,000 MW at Khargone, Bareli and Gadarwar.
Environment minister Prakash Javadekar, said that 60 projects in the state had been cleared in the last 120 days by the environment ministry.
📣 The Indian Express is now on Telegram. Click here to join our channel (@indianexpress) and stay updated with the latest headlines
- The Indian Express website has been rated GREEN for its credibility and trustworthiness by Newsguard, a global service that rates news sources for their journalistic standards.