New Delhi (NVI): The Greenfield Petrochemical Complex at Kakinada with an investment of around 32,000 crores for producing 1.7 (Million Metric Tonne Per Annum) of petrochemical products is being set up in Andhra Pradesh. Vice President Venkaiah Naidu today reviewed the progress in a meeting held in Rajya Sabha.
Vice President told the Minister for Petroleum & Natural Gas and Steel, Dharmendra Pradhan that all petroleum projects at various stages of implementation should be expedited in Andhra Pradesh.
The project is being undertaken by Hindustan Petroleum Corporation Limited (HPCL) and GAIL India Ltd with the support of the Andhra Pradesh government.
The Minster and accompanying officials from GAIL informed Naidu that the Centre is keen on implementing this Petro Chemicals project as early as possible.
ONGC officials apprised about ONGC`s offshore & onshore project in KG Basin and Rajamundry. An estimated investment of Rs 68,000 crore in offshore projects and Rs 10,000 crores in onshore projects has been lined up by the ONGC in Andhra Pradesh.
The Petroleum Minister informed the Vice President that Central Government and private sector is making huge investments in the Hydro-carbon sector on east coast in Andhra Pradesh and Kakinada would soon emerge as a hydrocarbon hub in the country.
Dharmnedra Pradhan informed that the project implementation is in full swing. He emphasised that more than 13,000 people are working round the clock at the site and the project will be completed ahead of its schedule.