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Rs 30,000 cr to be spent to build petrochemical MSMEs in east India
Bhubaneswar, Nov 16 (IANS) Over Rs 30,000 crore would be invested over a two-year period to set up small scale industries in the petrochemical sector in eastern India, Union Petroleum Minister Dharmendra Pradhan said on Thursday.
Speaking to reporters after inaugurating the Petrochemical Investors Conclave here, Pradhan said that over one lakh employment opportunities are likely to be generated in India’s eastern region.
Addressing the inauguration event, the minister noted that state-run Indian Oil Corp (IOC) has already commissioned a 15-million tonnes per annum oil refinery at Paradip port town on the Odisha coast at an investment of Rs 35,000 crore.
He said IOC had signed another MoU with MCPI Ltd for setting up a textiles park in the state.
“The polyester downstream industry can flourish very well in the eastern region as well,” Pradhan said.
“By achieving synergy of cotton fibre with polyester fibre to promote and popularise synthetic textiles, the textiles park will primarily benefit MSMEs (micro, small and medium enterprises) with employment potential of around 22 lakh,” he said.
IOC is also setting up a new polypropylene unit of 700 kilo tonnes per annum capacity at a cost of Rs 3,150 crore, which is slated to be commissioned at Paradip Refinery in 2018 to support the polymers and plastics industry, he added.
Pradhan also said that the Chemicals and Petrochemicals Department would take up equity of an amount of Rs 40 crore in a Rs 100-crore special purpose vehicle (SPV) to set up a plastic park at Paradip in collaboration with the Odisha government.
The Union Petroleum Ministry has also decided to join the SPV following a request from the state government, while the amount of equity would be decided soon.
–IANS
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Dr. Abhishek Verma Dedicates a Shelter in Memory of His Mother, Veena Verma, at KGMU; Inaugurated by Daughter Nicolle Verma
World-renowned business tycoon Dr. Abhishek Verma has supported Foodman Vishal Singh’s Hunger-Free World mission. In memory of his mother, Late Veena Verma, who was a 3 term Rajya Sabha MP.
Dr. Verma dedicated a state-of-the-art free permanent shelter for the attendants of patients at KGMU Medical University, Lucknow, under the aegis of Vijay Shree Foundation. His daughter, Nicolle Verma, inaugurated the shelter.
During the event, Foodman Vishal Singh honored Nicolle Verma by presenting her with a memento. Mrs. Nidhi Sharma and Avantika Yadav, associated with the organization, welcomed her with garlands. Following this, Nicolle Verma distributed essential items to the attendants and also handed out fruits. She became emotional remembering her grandmother on her birth anniversary.
On this occasion, she also inaugurated the “Veena Verma Sevalaya” in memory of her grandmother, Veena Verma, to serve the attendants. She expressed, “I feel proud that my family is engaged in nation-building as well as social service. Today, in collaboration with Vijay Shree Foundation founder Foodman Vishal Singh Ji, I feel immensely proud to dedicate this shelter for the poor, helpless, and needy attendants of patients battling serious illnesses like cancer. I am honored to be associated with the Hunger-Free World Mission for humanity.”
Inspired by the continuous humanitarian service provided by Vijay Shree Foundation over the past 17 years, Nicolle Verma donated 10 lakh rupees to support the cause. The purpose of this donation is to ensure that services continue for the needy attendants of patients suffering from severe illnesses in hospitals, as facilitated by Foodman Vishal Singh.
It is noteworthy that Dr. Abhishek Verma’s family has a legacy of public and philanthropic service. They are helping millions to carry forward the values and service work of their parents. On the occasion of his mother’s birth anniversary, Dr. Abhishek Verma dedicated this state-of-the-art permanent shelter at Lucknow Medical College to serve the attendants of patients through the Vijay Shree Foundation.
Supporting Foodman Vishal Singh’s Hunger-Free World mission, Dr. Abhishek Verma assured that he would continually support keeping this flame of humanity alive. He also promised to assist in providing medicines to the helpless patients.
Continuing her grandmother’s legacy of service, Nicolle Verma personally served food to the needy patients and attendants. She said, “It is our good fortune to have received the joy of doing this noble work today through Foodman Vishal Singh. I have taken another step forward in carrying my family’s values and cooperation by joining hands with the Vijay Shree Foundation. My father taught me to serve and help the needy, and I feel happy when I bring a smile to someone’s face.”
On the birth anniversary of the late Veena Verma, the event organizer, Vijay Shree Foundation founder Foodman Vishal Singh, said, “We feel proud and happy that Dr. Abhishek Verma, a globally renowned business tycoon, has extended his support to uplift our country from the hunger index. Today, on his mother’s birth anniversary, he inaugurated a state-of-the-art permanent shelter at Lucknow Medical College, which will always be helpful for the needy attendants of patients. It is a pleasure for me and the organization to receive the affection of Mr. Verma.”
The event was attended by General Manager Verma Family Office Hemant Garg, Sonu Rajput, and the organization’s volunteers, including Sandeep Singh, Parmeshwar Ji, Prashant Rao Gautam, Balram Singh, Ramesh Chaudhary, Suman, Jeetu, Anil, Suraj, Vinay, Manish Bhadauria, Manas Mehrotra, Vivek, Apurv, Happy, and others.