The Live Nagpur
  • Nagpur City
  • Nagpur Education
  • Nagpur Sports
  • Business
  • Crime
  • Entertainment & Lifestyle
  • Featured
  • Health & Wellness
  • Nation
  • Politics
  • Trending
  • Vidarbha
  • Obituary

The Live Nagpur

  • Home
  • Nagpur City
  • Politics
  • Business
  • Nagpur Education
  • Entertainment
  • Nagpur Sports
  • Health
  • Vidarbha
  • Crime
  • Obituary
Vidarbha

Gadkari okays techno-economic feasibility study for Refinery in Vidarbha

by TLN Team February 22, 2021February 22, 2021
written by TLN Team February 22, 2021February 22, 2021
Gadkari okays techno-economic feasibility study for Refinery in Vidarbha

The Vidarbha Economic Development Council (VED) has been assiduously pursuing the establishment of a refinery-cum-petro-chemical complex in Vidarbha for almost a decade, for which it has requested Minister Dharmendra Pradhan, Ministry of Petroleum & Natural Gas, Government of India, to arrange for the PSUs to conduct a techno-economic feasibility study that is necessary for such a large project. Set up in Vidarbha on meeting the norms suggested by the study, it would be a major growth engine for this region.

In a recent move, Nitin Gadkari, Minister Road Transport & Highways, Government of India, after a presentation by the VED Council, convinced of the need of the refinery-cum-petro-chemical complex in Vidarbha, and the need for a techno-economic feasibility study prior to its setting up, has communicated to Pradhan to initiate this study which, if found feasible, would be a boon for Vidarbha.

Gadkari felt that the information disseminated through the presentation by VED showed that the fuel consumption in Central India, which is about 14-15 MTPA, can be met by setting up the project in Vidarbha, and that the cement (30 plants in the area) and textile industries in the surrounding areas would greatly benefit from the availability of petroleum products like Pet Coke, PTA and MEG.

Gadkari further pointed out to the Union Minister in his communication that the major reason for the sluggish industrial development of this region was the high cost of the logistics of transportation of fuel and petroleum products from distant refineries, which would be obviated by a refinery here.

He opined that Nagpur-Vidarbha being centrally located, a crude petroleum pipeline can be laid across the Maharashtra Samruddhi Mahamarg up to Nagpur, which would enable the transportation of petroleum at lower costs. The process, he felt, would trigger development and the possibility of downstream MSME units due to the availability of petroleum products here itself. When set up, it would help the setting up of downstream industries, especially such as plastic, chemicals, detergents, lubricants etc. by reducing the cost of fuels which are the highest in Vidarbha.

This notion is supported further by the fact that Prime Minister Narendra Modi, recently announced that the refining capacity of the country needs to be doubled by 2025. Hence, this project in Vidarbha would fulfill the current vacuum and the fuel consumption of 15 MPTPA in Central India would get catered to at a lower cost. The direct and indirect employment generation potential would be 1 to 1.5 lakhs, which would be a huge boost to the economy of the region and accelerate its per capita income growth.

There would also be a higher demand for bio-fuel due to a targeted blending of 20%. There could be a possible lower ATF cost for airlines at MIHAN. It would also aid the development of the north-south and east-west corridors.

0 comment
FacebookTwitterLinkedin
TLN Team

previous post
Despite strict norms people ignorant; Markets overcrowded
next post
COVID-19: Nagpur district reports 710 fresh cases, tally reaches 143843

You may also like

Huge fire at Chichampalli Bamboo Training Centre in...

February 25, 2021

Ravanwadi tourist spot to remain closed on Sat,...

February 25, 2021

229 students, four school staffers test positive for...

February 25, 2021

Covid-19: Amravati witnesses highest, 926 cases in Vidarbha

February 24, 2021

VED Invites interested non-members to its Online Tourism...

February 23, 2021

One week lockdown imposed in Amravati from Feb...

February 21, 2021

Vidarbha-level Tennisball cricket tournament from Feb 22

February 21, 2021

Bor Tiger Reserve to remain close on Sat,...

February 21, 2021

Spike in COVID-19 cases: Talukas of Akola, Amravati,...

February 20, 2021

Lockdown in Amravati Buldhana, Washim, Yavatmal districts of...

February 18, 2021

Leave a Comment Cancel Reply

Save my name, email, and website in this browser for the next time I comment.



Trending News

  • Aditya TATA Cars Delivers the 1st TATA Safari

    February 25, 2021
  • Social Media, OTT platforms to take down objectionable unlawful content within 24 hours: Central Govt

    February 25, 2021
  • Travelers from these five states to carry COVID-19 negative test report before entering Delhi

    February 24, 2021
  • Urban West India’s Protection Quotient moves up by 4 points on the back of heightened life insurance awareness

    February 22, 2021
  • BMC in action, 1305 buildings sealed after spike in COVID-19 cases

    February 21, 2021

Important Links

  • Politics
  • Crime
  • Business
  • Education
  • Entertainment
  • Sports

Available on Playstore & Coming Soon on Appstore

Search

February 2021
M T W T F S S
« Jan    
1234567
891011121314
15161718192021
22232425262728

Sign-Up Form

Subscribe my Newsletter for new blog posts, tips & new photos. Let's stay updated!

Footer Logo
  • Nagpur City
  • Nagpur Education
  • Nagpur Sports
  • Business
  • Crime
  • Entertainment & Lifestyle
  • Featured
  • Health & Wellness
  • Nation
  • Politics
  • Trending
  • Vidarbha
  • Obituary
  • Privacy Policy
  • Disclaimer
  • Cookie Policy
  • Terms Of Use
  • Advertise with Us
  • Work with us
  • Contact Us

© 2020 - The Live Nagpur . All Rights Reserved.