Rs 93,000 cr Haldia petrochem hub set to be axed

Discussion in 'Economy & Infrastructure' started by Daredevil, Oct 4, 2012.

  1. Daredevil

    Daredevil On Vacation! Administrator

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    Rs 93,000 cr Haldia petrochem hub set to be axed

    West Bengal’s ambitious plan to turn its port town of Haldia into a Petroleum, Chemicals and Petrochemical Investment Region (PCPIR) is all set to be formally buried at Thursday’s cabinet meeting with the Centre moving to pull out of the Rs 93,000-crore project.

    Although the Centre’s move comes less than two weeks after the Trinamool Congress withdrew support to the UPA government, the decision has its origins in a terse four-line letter from the Mamata Banerjee government dated February 8 that said the state was not interested in pursuing the project, initiated by the previous Left Front government.

    “The Government of West Bengal has decided to develop an industrial park, power plant and an eco-tourism park on the Nayachar Island in Haldia, Purba Medinipur district. The state government will, therefore, not develop the project under the Petroleum, Chemicals and Petroleum Investment Region policy of the Government of India,” the letter said.

    The PCPIR project would have been the fourth in the country after the three under way in Gujarat, Tamil Nadu and Andhra Pradesh. It was proposed by the Communist government of Buddhadeb Bhattacharya and most approvals had been secured in the final months of UPA-I. The formal agreement between the Centre and the state was, however, signed in October 2009.

    Under this pact, the state government pledged to invest Rs 48,180 crore while the Centre agreed to put in Rs 2,108 crore. The project entailed a massive physical infrastructure investment of over Rs 18,000 crore to build roads, railways, air links and port connectivity.

    The PCPIR was to also have generated about 10 lakh jobs, 4 lakh of which would have been directly linked to the project. The project was to be spread across 250 sq km with about 49 sq km on the Nayachar Island.

    However, the Trinamool government was disinterested in the project from the start. According to the Ministry of Chemicals and Fertilizers, the new state government “stopped attending all review meetings”.

    Following the February 8 letter, the ministry made it clear that it had “no option but to withdraw” from the project if the state was not keen on implementing it. As a result, after months of inter-ministerial consultations, the government has concluded that it found “no cogent reason to pursue the setting up of a PCPIR in West Bengal”.
     
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  3. H.A.

    H.A. Senior Member Senior Member

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    The game of politics beautifully played....
     
  4. Patriot

    Patriot Senior Member Senior Member

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    This is height of Non-sense.

    Can't congress think beyond it's political interests? Is it so difficult to allow development in underdeveloped states & create employment!!

    Now it 's time to stop heterogeneous development of our country, if we want to keep it united. This is high time there should be a mechanism for the homogeneous development.

    Political parties shout, do agitation, strike /bandh & stop parliament working etc for reservation on religion cast etc but no body talks about the homogeneity in industrial investment or employment.
     
  5. H.A.

    H.A. Senior Member Senior Member

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    ^^^ Err isn't it the fault of Mamata Banerjee in the above scenario....why is the Congress to blame?
     
  6. Apollyon

    Apollyon Führer Senior Member

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    Nothing to do with Congress here, Centre was to invest Rs. 2108 crore where as State (West Bengal) share was Rs. 48180 crore and as per the news article

     
  7. Rahul92

    Rahul92 Senior Member Senior Member

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    Ah well i believe they may put it up in Kerala or AP or in Maharashtra
     
  8. Bangalorean

    Bangalorean Stars and Ambassadors Stars and Ambassadors

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    As others have already pointed out, this has nothing to do with Congress, this is another of Mamata Bannerjee's mad decisions. She is a completely and thoroughly useless administrator. She has just cost her state ten lakh jobs. And I can bet that she won't do anything about the so-called "power plant, eco-tourism and industrial park" that she is babbling about.

    She is a megalomaniac, and she will run WB to the ground.
     
  9. drkrn

    drkrn Senior Member Senior Member

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    seems u didn't read the post
    Although the Centre’s move comes less than two weeks after the Trinamool Congress withdrew support to the UPA government, the decision has its origins in a terse four-line letter from the Mamata Banerjee government dated February 8 that said the state was not interested in pursuing the project, initiated by the previous Left Front government.

    “The Government of West Bengal has decided to develop an industrial park, power plant and an eco-tourism park on the Nayachar Island in Haldia, Purba Medinipur district. The state government will, therefore, not develop the project under the Petroleum, Chemicals and Petroleum Investment Region policy of the Government of India,” the letter said.


    i wish people here understand the complicated politics of Bengal.shortly after the victory of trunamool congress in general elections the communists challenged mamata saying they will see how she will develop state with out land allocations and will fight their best against it.situations ain't that good for mamata back home and it turned to be a disaster when center cleverly did let mamata leave upa-2

    from now she wont have any kind of financial support from center.mark my words friends many such above moves will follow.tough times ahead for Mamata
     
  10. drkrn

    drkrn Senior Member Senior Member

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    happiest part is this project is sure to come to A.P my state:thumb:
    many jobs going to come here
     
  11. venkat

    venkat Regular Member

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    ^^^ only in your dreams...our ppl are busy fighting among themselves....advantage Gujarat,Tamilnadu...
     
  12. drkrn

    drkrn Senior Member Senior Member

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    actually few years back petro-chemical companies opted andhrapradesh as their preferred place (over tamilnadu) on east coast.the only reason it didn't get through is due to political reasons sighting environmental impact it causes.

    no need to compare with Gujarat.Gujarat is west coast andhra is east coast
     

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