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

The Live Nagpur

  • Home
  • City
  • Politics
  • Business
  • Education
  • Entertainment
  • Sports
  • Health
  • Crime
  • Forest
  • Featured
  • Vidarbha
Business

MIDC as nodal agency for Vidarbha development projects  

by TLN Team January 12, 2023January 12, 2023
written by TLN Team January 12, 2023January 12, 2023
MIDC as nodal agency for Vidarbha development projects  

During the Assembly Session in Nagpur, a VED Council delegation met the Hon’ble DCM,  Devendra Fadnavis and Uday Samant, Hon’ble Minister of Industries at a meeting called to discuss developmental  issues of Vidarbha, where presentations were made by the VED Council on two major issues proposed by them, which were taken up for further pursuing. The two issues were a petrochemical complex and a ferroalloys cluster in Vidarbha.  Dr. Vipin Sharma, IAS, CEO, MIDC was entrusted with the responsibility of getting the MIDC to prepare survey reports on both these projects. In a bid to take these projects further, Deputy CEO, Upendra Tamore would be in Nagpur, specifically for interacting with officials and consultants, among them, noted refinery expert, Vinayak Marathe, ex- Senior VP, Reliance Industries, so that the projects can be taken forward and action initiated.

VED thanks the Hon’ble DCM, Minister of Industries and CEO, MIDC for their cooperation in this matter especially as VED Council has been consistently pursing these issues for almost a decade, they likely to be game-changers for the development of this region.

Vidarbha region suffers badly due to high costs of all the petroleum products and various petrochemicals, including items of day to day life. Considering the distance factor from its present sources, logistics, and other issues make it very expensive as compared to the other parts of the country. Petrochemical complexes give more than 60 products directly and indirectly used by many sectors. Therefore, the proposal, that a petro-chemical complex be established near Nagpur, which would be commercially viable and feasible due to reasons of this central location and  its social impact and prospects would be greatly enriching for this region too.

Since large tracts of vacant land are available in Butibori Phase II, it is easy for the Govt. of Maharashtra to take the lead and ensure that this project is set up here, which would trigger industrial development and be yet another feather in the cap for MIDC.

The Petrochemical complex can attract investments of Rs. 4 lakh Cr. in Vidarbha directly. With a large number of allied and ancillary units that depend on refinery products as raw materials, would also be set up in the region. All these investments, put together, would attract a minimum of 5 lakhs of quality jobs. With these jobs of Rs. 25000+ in the region, districts like Gadchiroli, Bhandara, Gondia, Wardha and Amravati would also get a fair share of development.

New investments in paints, textiles, refinery derivatives, dyes and chemicals, critical petrochemicals – CPC, artificial rubber, industrial and medical plastics, construction polymers, industrial polymers, fertilisers, feed stocks, warehousing, fabrication, different types of service industries, many such opportunities would emerge in the region, which would witness an auto-mode of growth where each sector would support the other.

Effective and efficient utilization of local resources and their sustained and environment-friendly usage are the main objectives behind the development of a Ferro Alloys cluster.  Back in the old days, around 40 years earlier, Nagpur and the surrounding areas of Vidarbha had the largest Ferro Alloys manufacturing hubs as leading industry houses came close to the source of raw material, i.e. manganese, which is mined abundantly in this area.

Due to various known reasons earlier ferroalloys units near Nagpur closed down mainly due to the inordinately high power tariff. Now the State Government has realised that simply by providing a reduced power tariff and providing a conducive environment, the Ferro alloys sector can be easily revived. A further impetus can be given to the raw material “Manganese”, which is mined locally, by giving it local value-addition, and along with the abundant available and locally-generated power at reduced tariffs, would provide employment and economic security to the local people, with gainful opportunities in the Ferro alloys cluster.

The success of this initiative will support not only the core Steel sector but other major consumers of Ferro Alloys.

0 comment
FacebookTwitterLinkedin
TLN Team

previous post
Nagpur recorded a minimum temperature of 11.0 degrees Celsius on Thursday
next post
Anjali Arora releases hit dance video

You may also like

VIA organises Session on “Analysis of Tax Proposals...

February 2, 2023

Adani group call off FPO, says investors interest...

February 2, 2023

Annual gold demand soars to a new decade...

February 1, 2023

More power to women in  Budget-23 -Dr Priyal...

February 1, 2023

Following comment  attributable to Mr Abheek Barua, Chief...

February 1, 2023

Post Union Budget 2023 views by industrialist &...

February 1, 2023

Budget -23  is a growth-oriented, visionary budget–CA Julfesh  Shah

February 1, 2023

MAJOR TAKEAWAY FROM BUDGET SPEECH 2023: CA Sachin...

February 1, 2023

Tourism on mission mode is highly appreciable –...

February 1, 2023

NCLT orders appointment of administrator on NVCC

January 31, 2023

Leave a Comment Cancel Reply

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

Trending News

  • Watch spectators tease Shubham Gill ‘Hamari Bhabhi Kaisi Ho, Sara Bhabhi Jaisi Ho,’ During IND vs NZ 3rd ODI 2023 in Indore

    January 25, 2023
  • New rule for social media influencers, check below

    January 20, 2023
  • Ind vs NZ: Shubman Gill becomes youngest player to hit ODI double century

    January 18, 2023
  • 91 companies lays off more than 24,000 tech employees 

    January 16, 2023
  • Video of Indian shouting minutes before Nepal Plane crash

    January 16, 2023

Important Links

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

Available on Playstore & Coming Soon on Appstore

Search

January 2023
M T W T F S S
« Dec   Feb »
 1
2345678
9101112131415
16171819202122
23242526272829
3031  

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
  • Featured
  • Crime
  • Entertainment & Lifestyle
  • Health & Wellness
  • Nation
  • Politics
  • Trending
  • Vidarbha
  • Obituary
  • Privacy Policy
  • Cookie Policy
  • Terms Of Use
  • Advertise with Us

© 2020 - The Live Nagpur . All Rights Reserved.