Home / Knowledge / News / Textiles / Mangalore petrochem complex to create several new jobs
Mangalore petrochem complex to create several new jobs
31
Dec '13
The petrochemical complex to be established in the city of Mangalore in the Indian state of Karnataka is expected to create huge number of jobs, said Indian Minister for Petroleum and Natural Gas M Veerappa Moily, while addressing a program in the city.
 
The Minister said the upcoming petrochemical complex in the Mangalore Special Economic Zone, is expected to attract an investment of Rs. 2,500 billion in the future, reports The New Indian Express.
 
According to the Petroleum Minister, the new petrochemical complex would help in boosting the economy of the country as well as solve the problem of unemployment in the state.
 
The Minister was in the city to dedicate the Petroleum, Oil and Lubricants (POL) berth number 13 to the nation and lay the foundation stone for berth number 18 for container and bulk cargo at New Mangalore Port (NMP) in Panambur.
 
Mr. Moily said the growth of NMP will contribute greatly to the country and would soon have 18 berths providing services for cargo handling. The port would become the second gateway of India, he added.
 
The construction of the new berth would cost Rs. 1.37 billion and would be completed in 20 months time. The berth will be used in handling bulk cargo and containers.
 

Fibre2fashion News Desk - India

Must ReadView All

Apparel/Garments | On 23rd Mar 2017

UK's National Living Wage to be £7.50 from April 2017

The National Living Wage in the UK for workers aged 25 and above is...

Textiles | On 23rd Mar 2017

Trutzschler launches Toyota-Truetzschler comber machine

Trutzschler, one of the world's leading textile machinery...

Jeff Bezos (L) and Amancio Ortega. Courtesy: Forbes

Apparel/Garments | On 23rd Mar 2017

Amazon founder Jeff Bezos is world's 3rd richest man

The biggest gainer and the third richest man on the Forbes' 31st...

Interviews View All

Rajiv Sirohi
Shara

‘Portugal is taking away a major share of the mill made sector.’

Shawn Honeycutt
Bolger & O'Hearn

‘The Indian market is interesting and rather persistent in seeking new...

Nuno Venda
ROQ

‘There has been an increase in demand for water based inks, rather than...

Marcel Alberts
Eurofibers

Coating at a fibre level is a practice not usually seen in the...

Kerem Durdag
Biovation II LLC

Kerem Durdag, CEO, Biovation II LLC, provides an insight into future...

Kai Poehler
Voith Paper GmbH & Co. KG

The glass mat industry is growing by five to eight per cent annually. Kai...

Robert Brunner
Devereux

Golfwear and menswear brand Devereux is set for greener pastures. Robert...

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

Rupa Sood and Sharan Apparao
Nayaab

Nayaab, an exhibition meant to celebrate Indian weaves, is in its second...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

news category


Related Categories:
March 2017

March 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search