New Delhi: Prime Minister Narendra Modi laid the foundation stone of various development projects in the energy, IT and industrial sector worth more than Rs 50,700 crore in Bina, Madhya Pradesh on Thursday. The projects include the Petrochemical Complex at Bina Refinery of Bharat Petroleum Corporation Limited (BPCL) to be developed at a cost of about Rs 49,000 crores, a 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.
Addressing the gathering, the Prime Minister said that today’s projects will give new energy to the development of the region. He informed that the Central government is spending Rs 50,000 crore on these projects which is more than the Budget of many states of the country. “This indicates the enormity of our resolutions for Madhya Pradesh,” he added.
In the Azadi ka Amrit Kaal, the Prime Minister said that every citizen of the country has taken the resolve to transform India into a developed country. Underlining the importance of Atmanirbhar Bharat, the Prime Minister emphasised reducing imports and pointed out that India is dependent on foreign nations for petrol and diesel as well as petrochemical products. Referring to the Petrochemical Complex at Bina Refinery, Modi said that it will be a step forward in the direction of Atmanirbharta in the petrochemical industry. The Prime Minister gave examples of plastic products like pipes, taps, furniture, paint, car parts, medical equipment, packaging material, and agricultural equipment among others and said that petrochemicals have a crucial role to play in its production. “I guarantee you that the Petrochemical Complex at Bina Refinery will spur growth in the entire region and take development to new heights”, the Prime Minister said as he mentioned that it will not only give rise to new industries but benefit the small farmers and entrepreneurs and also create thousands of opportunities for the youth. Talking about the importance of the manufacturing sector, the Prime Minister informed about the start of work on 10 new industrial projects today. He mentioned that the projects in Narmadapuram, Indore and Ratlam will enhance the industrial prowess of Madhya Pradesh which will benefit all.
During the programme, the Prime Minister also laid 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.
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.
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, automobiles, and pharmaceuticals among others. The park will be well connected to the Delhi Mumbai Expressway. It will provide a major boost to the 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.