Gujarat Government and Indian Oil ink MoU in presence of Chief Minister Vijay Rupani and Union Minister for Petroleum Dharmendra Pradhan to set up six projects at Vadodara totalling Rs 24,000-cr to provide direct and indirect jobs to 25,000
“Gujarat ahead in natural gas, petrochemicals, renewable energy, auto, chemicals, pharma; IOCL to add to downstream products”
“Gujarat Government’s focus is in Ease of Doing Business as a felicitator for investment, also focuses on MSME industries”
– Chief Minister
“Gujarat started thinking on Climate Change 15 years back; its share of natural gas is 26% as against world average of 24%”
“Gujarat strikes balance between people’s welfare and wealth creation with industrial development”
– Union Minister
Gandhinagar, Monday: Gujarat Government and Indian Oil Corporation Ltd (IOCL) signed an MoU here today in presence of Chief Minister Vijay Rupani today and Union Minister for Petroleum Natural Gas and Steel Dharmendra Pradhan to set up six new projects near Vadodara with a total investment of Rs 24,000-crore to provide direct and indirect jobs to 25,000.
The MoU was signed between Chief Minister’s Additional Chief Secretary and Additional Chief Secretary for Industries M. K. Das and IOCL Chairman S. M. Vaidya.
Speaking on the occasion, Mr. Rupani said that Gujarat is the leading state in the field of petrochemicals and the new projects would add to producing downstream products in the state.
He said that Gujarat is performing a major role in realising the Prime Minister’s resolve for ‘Atmanirbhar Bharat’ by announcing Rs 14,000 crore as ‘Gujarat Atmanirbhar Package”, despite the global pandemic novel coronavirus causing wide dent in the state’s industrial growth as in the rest of the country.
Mr. Rupani said Gujarat received 37 per cent of total countries total FDI during Financial Year 2020-21, ranking No. 1 for the last four years. He said that our focus is not just in big investment bust also small and medium. There are 35 lakh MSME units in the states, being the largest employer.
He said that Gujarat is a leading state in automobile, chemicals, pharmaceuticals, textiles, ceramic, maritime and urban development in the entire world. Prime Minister Narendra Modi has laid the stone of world’s largest hybrid renewable energy park on 1.80 lakh acre as big as Singapore in Kutch with an installed capacity of 30,000 MW.
He said that Gujarat is progressing ahead with Ease of Doing Business and Gujarat Government as Proactive Facilitator for more investment in new projects.
Union Minister Devendra Pradhan congratulated Gujarat Government and IOCL for setting up Rs. 24,000-crore project in the state. He wished the projects will be commissioned by Prime Minister Narendra Modi in coming days. The plant’s capacity will now increase to 18 mtpa. Its new products include polypropylene, butyl acrylate used in paintings, adhesive, etc.
While the world is discussing climate change and global warming, the share of natural gas in Gujarat is 26 per cent, as against the world average of 24 per cent and India’s average 6 per cent. When compared with rest of India or even global standards, Gujarat has to be discussed first, also in balancing people’s welfare and wealth creation.
He said that the Gujarat refinery will be India’s fist to produce hydrogen as clean energy. While hydrogen has been accepted as clean fuel, hydrogen powered buses will be used first in India in joint effort with GSRTC and IOCL at Kevadia, Vadodara, Gandhinagar, Karnavati and Gandhidham. It is No 1 State in investment because of Prime Minister Narendra Modi as the Chief Minister of Gujarat, actively pursued by his successor Mr. Rupani.
Additional Chief Secretary M.K. Das said that most of MoUs for big projects signed so far have been completed in 11 months. He wished that IOCL come forward with many more projects in Gujarat in future.
Those present during the MoU signing included Chief Secretary Anil Mukim, Chief Minister’s Chief Principal Secretary K. Kailashnathan, Industries Commissioner Rahul Gupta, iNDEXTb MD Neelam Rani, IOCL Director Parindu Bhagat and other officers,
Source: Information Department, Gujarat