PM dedicates OPaL plant to the nation

Image
Press Trust of India Dahej (Gujarat)
Last Updated : Mar 07 2017 | 8:07 PM IST
Prime Minister Narendra Modi today dedicated ONGC Petro additions Ltd's (OPaL) Rs 30,000-crore plant to the nation at the Dahej Special Economic Zone.
"It is India's largest petrochemical plant having an investment of Rs 30,000 crore," Modi said on the occasion.
"Today, the average per capita consumption of polymers in India is 10 kg, while the global average is 32 kg. There is tremendous potential for growth in the wake of higher disposable income of middle class and urbanisation. As per an estimate, OPaL's market share in the polymer sector will be 13 per cent by 2018," he said.
The Prime Minister said the Gujarat government has worked very hard for over 15 years to develop the Dahej SEZ under the Petroleum, Chemical and Petrochemical Investment Region (PCPIR).
"Dahej has become mini India, as people from across the country are now working here. When I was Gujarat CM, I used to visit Dahej. I saw this place getting developed brick by brick. Because of the efforts of Gujarat Government, Dahej achieved such tremendous success," Modi said.
"Due to government's efforts, Dahej SEZ has secured a place among the top 50 SEZs of the world. This region has given employment to lakhs of citizens. So far, it has fetched a total investment of Rs 40,000 crore. I congratulate all the people who are behind the success of Dahej SEZ," he said.
Modi also visited the plant and saw a detailed presentation inside the main control room of OPaL. He was accompanied by Gujarat Chief Minister Vijay Rupani, Union Ministers Mansukh Mandaviya and Nitin Gadkari.
Modi expressed confidence that this PCPIR in Gujarat would give employment to 8 lakh people upon its full utilisation.
"Dahej was selected for one of the four PCPIRs to be developed across the country. At present, it provides employment to over 1.25 lakh people. When this PCPIR starts functioning at its full capacity, it would give employment to around 8 lakh persons," he added.
Modi said he has personally seen this PCPIR growing. "Therefore, it is natural for me to have an emotional bonding with it," Modi said.
OPaL is the single largest petrochemical plant in India that has a capacity to produce 14 lakh tonnes of polymers and 5 lakh tonnes of chemicals such as benzene annually. It is a joint venture company promoted by ONGC, GAIL, and GSPC with an investment of Rs 30,000 crore, an official statement by ONGC said.

Disclaimer: No Business Standard Journalist was involved in creation of this content

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Mar 07 2017 | 8:07 PM IST

Next Story