The Centre has earmarked a total of Rs 6,000 crore for setting up the Narmup-IV plant of Brahmaputra Valley Fertilizer Corporation Ltd (BVFCL) and revatilise the country’s oldest gas-based fertiliser factory in upper Assam, Chief Minister Sarbananda Sonowal said on Tuesday.
Speaking at a function after laying the foundation stone of a Rs 1,337-crore methanol plant of Assam Petrochemicals Ltd (APL) at Namrup, about 500 km from here, Sonowal also said that the BJP-led governments at the Centre and the state were committed to work resolutely to usher in a new era of rapid industrialisation in the state.
The Namrup fertiliser factory, first set up way back in 1966 under Fertilizer Corporation of India Ltd, had over the years three units, all of which however had over-lived their utility and was long overdue for revamp. While the Namrup plants in 1986 became part of Hindustan Fertilizer Corporation Ltd (HFCL), and subsequently bifurcated to become Brahmaputra Valley Fertilizer Corporation Ltd in 2002.
“The state government is working vigorously to set up industries at a fast pace so that employment opportunities can be generated for the unemployed youths of the state. The new methanol project with a capacity of producing 500 tons per day would be set up involving a project cost Rs 1337 crore. Once completed, the new plant will herald a new beginning for the industrial sector in Assam, leading to setting up of several ancillary and downstream industries,” Sonowal said.