Assam gas cracker project to spur growth of key sectors
The Rs 5,460-crore Assam gas cracker project, which will become fully operational by 2011, is expected to drive massive growth in key sectors, including packaging, textiles and agriculture.
By PTI |
NEW DELHI: The Rs 5,460-crore Assam gas cracker project, which will become fully operational by 2011, is expected to drive massive growth in key sectors, including packaging, textiles and agriculture, and boost industrial activity across the northeast.
The Central Institute of Plastic Engineering and Technology has projected that 500 plastic processing industries will come up in the region once raw materials are readily available from the project at Lepetkata in Dibrugarh district.
The potential areas expected to witness rapid growth are packaging, agriculture, irrigation, construction, real estate, horticulture, healthcare and textiles. The project will also provide a major opportunity for investment, a government official said.
The Brahmaputra Cracker and Polymer Limited or gas cracker project is a joint venture promoted by GAIL (India), which has 70 per cent stake in it. The remaining equity will be shared equally among Oil India Limited (OIL), Numaligarh Refineries and the Assam government.
The Planning Commission has projected the net benefit from the project at about Rs 720 crore a year and the net income generation over a period of 15 years at Rs 4,200 crore, assuming a zero shadow wage rate which will more than offset the project's subsidy requirement.
OIL is to supply six million standard cubic metres of gas a day from its Duliajan field to the project. ONGC will give 1.35 mmscmd of gas till March 31, 2012 and one mmscmd thereafter.
The Central Institute of Plastic Engineering and Technology has projected that 500 plastic processing industries will come up in the region once raw materials are readily available from the project at Lepetkata in Dibrugarh district.
The potential areas expected to witness rapid growth are packaging, agriculture, irrigation, construction, real estate, horticulture, healthcare and textiles. The project will also provide a major opportunity for investment, a government official said.
The Brahmaputra Cracker and Polymer Limited or gas cracker project is a joint venture promoted by GAIL (India), which has 70 per cent stake in it. The remaining equity will be shared equally among Oil India Limited (OIL), Numaligarh Refineries and the Assam government.
The Planning Commission has projected the net benefit from the project at about Rs 720 crore a year and the net income generation over a period of 15 years at Rs 4,200 crore, assuming a zero shadow wage rate which will more than offset the project's subsidy requirement.
OIL is to supply six million standard cubic metres of gas a day from its Duliajan field to the project. ONGC will give 1.35 mmscmd of gas till March 31, 2012 and one mmscmd thereafter.
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