PM Modi to lay the foundation stone of projects worth over Rs. 50,700 crore
Bhopal: Prime Minister Narendra Modi will visit Madhya Pradesh and Chhattisgarh on 14th September, 2023. At around 11:15 AM, Prime Minister will reach Bina in Madhya Pradesh, where he will lay the foundation stone of projects worth more than Rs. 50,700 crore including ‘Petrochemical Complex at Bina Refinery’ and ten new industrial projects across the state.
CM Shivraj Singh Chouhan has said new history will be created on Bina’s land on 14th September. Chouhan was today reviewing the preparations for the foundation stone laying ceremony of the petrochemical project to be done by PM Modi at Bina Refinery complex in Sagar district. Chouhan said that the petrochemical project is the biggest investment ever made at one place in Madhya Pradesh. With this investment of Rs 50 thousand crore, investments worth Rs 1 lakh crore will be made in different places of the state, which will provide employment to 2 lakh people. This project will create more than 4 lakh 15 thousand employment opportunities including 2.15 lakh directly and indirectly and the remaining 2 lakh.
Major stimulus to industrial development
In a step that will provide a major stimulus to industrial development in the state, Prime Minister will lay the foundation stone of the Petrochemical Complex at Bina Refinery of Bharat Petroleum Corporation Limited (BPCL). This state-of-the-art refinery, which will be developed at a cost of about Rs. 49,000 crore, and will produce about 1200 KTPA (Kilo-Tonnes Per Annum) of ethylene and propylene, which are a vital component for various sectors like textiles, packaging, pharma, among others. This will reduce the country’s import dependence and will be a step towards fulfilling the Prime Minister’s vision of ‘Aatmanirbhar Bharat’. The mega project will also create employment opportunities and spur the development of downstream industries in the petroleum sector.
During the programme, Prime Minister will also lay the foundation stone of ten projects namely ‘Power and Renewable Energy Manufacturing Zone’ in Narmadapuram district; two IT parks in Indore; a Mega Industrial Park in Ratlam; and six new industrial areas across Madhya Pradesh.
Renewable Energy Manufacturing Zone
The ‘Power and Renewable Energy Manufacturing Zone, Narmadapuram’ will be developed at a cost of more than Rs 460 crore and will be a step towards economic growth and employment generation in the region. The ‘IT Park 3 and 4’ in Indore, will be built at a cost of about 550 crore, provide impetus to the IT and ITES sector and open new employment opportunities for the youth.
Mega Industrial Park in Ratlam
Mega Industrial Park in Ratlam will be built at a cost of more than Rs 460 crore and is envisaged to become a major hub for important sectors like textiles, automobile, pharmaceuticals, among others. The park will be well connected to Delhi Mumbai Expressway and will provide a major boost to economic development of the entire region, generating direct and indirect employment opportunities for the youth.
With the aim of promoting balanced regional development and uniform employment opportunities in the state, six new industrial areas will also be developed at Shajapur, Guna, Mauganj, Agar Malwa, Narmadapuram and Maksi at a cumulative cost of about Rs 310 crore.
