PM Modi inaugurates first petrochemical project in Assam

Assam: PM Modi is on a three day visit from Friday in Assam, Andhra Pradesh and Odisha. He inaugrated Brahamputra Cracker and Polymer Ltd (BCPL) in Dibrugarh of Assam, the first ever Petrochemical project in entire North East India.

The Assam peace agreement of Brahamputra Cracker and Polymer Ltd was signed during the tenure of Prime Minister Rajiv Gandhi and its foundation was laid by PM Manmohan Singh.

Modi’s speech at Dibrugarh:

• Rs 10,000-crore petrochemical plant will make raw material for manufacturing plastic and a wax making unit at an oil refinery here.
• Central government is committed to all round development of the North East.
• Plantation of this company will help reduce imports as well as generate employment.
• “I personally interacting with state chief secretaries monthly to monitor progress and remove obstacles" said Modi.

About BCPL:

• The project came as a part of the historic Assam Accord signed on August 15, 1985 with the motive of overall socio-economic development of the region.
• It was approved by the Cabinet Committee on Economic Affairs (CCEA) on April 18, 2006. Subsequently a Joint Venture Company BCPL was incorporated on January 8, 2007 as Central Public Sector Enterprise under the under the Department of Chemicals & Petrochemicals, Govt. of India.
• The project is expected to generate scope for substantial investments in setting up of downstream plastic processing industries, thereby will generate both direct as well as indirect employment.