India to build petrochem complex in Bina; industrial park in Ratlam

The projects include a petrochemical complex at Bina refinery of Bharat Petroleum Corporation Limited (BPCL), to be developed at a cost of about ₹49,000 crore; a power and renewable energy manufacturing zone in Narmadapuram district at an investment of ₹460 crore; a mega industrial park in Ratlam; and six new industrial areas across Madhya Pradesh, according to an official release.

The refinery will produce about 1200 kilo tonnes of ethylene and propylene per annum. These are vital raw materials for various sectors like textiles, packaging and pharmaceuticals. This will reduce the country's import dependence .

The ‘Power and Renewable Energy Manufacturing Zone, Narmadapuram’ will be developed at 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 crores, provide impetus to the IT and ITES sector and open new employment opportunities for the youth.

The industrial park, to be connected to the Delhi-Mumbai Expressway, is envisaged to become a major hub for textiles, automobiles and pharmaceuticals.

The six new industrial areas will be developed at Shajapur, Guna, Mauganj, Agar Malwa, Narmadapuram and Maksi at a cumulative cost of about ₹310 crore.

Fibre2Fashion News Desk (DS)