Delegates from the Vidarbha Economic Development Council (VED), led by Rina Sinha, President & Shivkumar Rao, Past President of the VED Council, met with Deputy Chief Minister of Maharashtra, Shri Devendra Fadnavis, to discuss the establishment of a much-needed Petrochemical Complex in Vidarbha. The meeting was held with the support of Dr. Ashish Deshmukh, Ex-MLA (Maharashtra) and VED is grateful for his support .
The VED delegation presented Engineers India Ltd.’s (EIL) Techno-Economic Feasibility Study to the Hon’ble Deputy Chief Minister of Maharashtra, Shri Devendra Fadnavis, highlighting the necessity of establishing a Petrochemical Complex in Vidarbha.
During the meeting, Shivkumar Rao emphasized the critical need for a Petrochemical Complex in Vidarbha, a region currently burdened by high costs of petroleum products and petrochemicals due to logistical challenges. The proposed complex, located at the Addl. Butibori Industrial Area, promises to alleviate these issues by making products more affordable and by fostering the growth of numerous industries.
Vidarbha suffers from inflated costs of daily-use petrochemical products, which severely impacts the local economy,” “The proposed Petrochemical Complex will not only reduce costs but will also attract a wide range of industries to the region. This will significantly benefit the local economy and create numerous job opportunities.
The Vidarbha Economic Development Council (VED) is a political organization dedicated to the economic advancement of the Vidarbha region. Through strategic initiatives and partnerships, VED aims to foster industrial growth, create employment opportunities, and enhance the overall economic landscape of Vidarbha.
Shivkumar Rao, underscored the project’s potential to retain local talent and prevent the migration of skilled workers to metro cities. He highlighted that the complex could spur related investments and stimulates the growth of MSMEs, contributing to sustainable economic development in the region.
EIL’s feasibility study, which was accepted by the Maharashtra Industrial Development Corporation (MIDC) in October 2023, has confirmed the project’s viability. The study noted that the Addl. Butibori Industrial Area has adequate infrastructure, including land, electricity, water, and manpower, making it an ideal location for the complex.
Rina Sinha formally requested the Deputy Chief Minister to support the project by liaising with the Ministry of Petroleum & Natural Gas to expedite its approval. The Deputy Chief Minister assured the delegation that he would advocate for the project and ensures it progresses through the necessary channels.
Rina Sinha expressed their gratitude for the Deputy Chief Minister’s support and eagerly anticipates the positive impact the Petrochemical Complex will have on the Vidarbha region.
The VED delegation, which VED members, Rajesh Salkotia, and Mohammed Master.