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Friday, February 05, 2016

PM to inaugurate Rs 10,000 cr gas cracker project in Assam

The Indian Government has said that Prime Minister Narendra Modi is scheduled to inaugurate the Rs 10,000 crore gas cracker project in Assam. Commenting on the issue, a Government Official told the media, "The Prime Minister Narendra Modi is scheduled to inaugurate the Assam Gas Cracker project on Friday. He will be accompanied by the Fertiliser Minister Ananth Kumar and Petroleum Minister Dharmendra Pradhan." As per reports, this is the first ever petrochemical project in entire North East India and was a part of the historic Assam Accord signed on 15th August, 1985 to promote overall socio-economic development of the region. As per reports, the project is established with an investment of Rs 10,000 crore, out of which Rs 5,000 crore has been provided in form of subsidy by the Central government. The project will manufacture high quality of polymers with annual capacity of 2.80 lakh tonnes per annum including 2.20 lakh tonnes of polyethylene and 60,000 tonnes of Polypropylene per annum.