• search
For Nagpur Updates
Allow Notification  

    US co to start urea plant in Chandrapur district: Gadkari

    By Pti

    Nagpur, Oct 16: A US-based firm is likely to set up a Rs 6,000-crore urea plant in Bhadrawati near here as talks are in final stage in this regard, Union Minister Nitin Gadkari said here today.

    "Negotiations with the concerned company have reached final stages and a number of meeting have been held with Chief Minister Devendra Fadnavis and Union Minister of State for Home Hansraj Ahir who represents the area (Chandrapur district)," the Transport Minister told reporters.


    Maharashtra Government has already alloted a piece of land to the firm, he said, adding that Western Coalfields Limited (WCL) has agreed for coal linkage to the proposed plant.

    "A final meeting with WCL and all concerned Ministers and officials is scheduled later this month and it (the deal) will be finalised within a month," Gadkari said, adding that urea derived from coal is cheaper by Rs 10,000 per tonne.

    He informed that state Finance Minister Sudhir Mungantiwar was in the process of finalising a proposal for setting up a farming unit for bamboos for making incense sticks, in the backward areas of Chandrapur and Gadchiroli.

    "Presently, India is importing these logs from foreign firms at a whopping cost of Rs 40,000 crore per year. If this project picks up the import will be curbed, besides farming of bamboos will provide employment opportunities to local youths," the minister added.


    More nagpur NewsView All

    For Daily Alerts

    For Breaking News from Oneindia
    Get instant news updates throughout the day.

    Notification Settings X
    Time Settings
    Clear Notification X
    Do you want to clear all the notifications from your inbox?
    Settings X
    We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Oneindia sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Oneindia website. However, you can change your cookie settings at any time. Learn more