Govt, Bengal ink chemical hub pact
The Centre will invest Rs 2,508 crore in developing infrastructure for the hub. This allocation will be part of the 11th Five-Year Plan.
By ET Bureau |
KOLKATA: The Centre, on Thursday, signed a memorandum of understanding (MoU) with the West Bengal government for setting up a chemical hub at Nayachara island. This is a step towards implementing the much-awaited chemical hub project, which is a critical component of the proposed petroleum, chemical and petrochemical investment region (PCPIR) in the state.
The Centre will invest Rs 2,508 crore in developing infrastructure for the hub. This allocation will be part of the 11th Five-Year Plan. On the state���s part, private developer New Kolkata International Development (NKID), the three-way joint venture between the Salim Group of Indonesia, realty firm Unitech and Universal Success promoted by NRI Prasoon Mukherjee, will build infrastructure on Nayachara island.
Nandini Chakravorty, ED of WBIDC, said: ���The Centre had approved this in Februray this year. MoU marks the formalisation.��� The MoU was signed by joint secretary Neel Kamal Darbari, joint secretary of department of chemicals and petrochemicals from the central government and Sabyasachi Sen, state commerce and industry secretary.
The Centre will invest Rs 2,508 crore in developing infrastructure for the hub. This allocation will be part of the 11th Five-Year Plan. On the state���s part, private developer New Kolkata International Development (NKID), the three-way joint venture between the Salim Group of Indonesia, realty firm Unitech and Universal Success promoted by NRI Prasoon Mukherjee, will build infrastructure on Nayachara island.
Nandini Chakravorty, ED of WBIDC, said: ���The Centre had approved this in Februray this year. MoU marks the formalisation.��� The MoU was signed by joint secretary Neel Kamal Darbari, joint secretary of department of chemicals and petrochemicals from the central government and Sabyasachi Sen, state commerce and industry secretary.
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