- Smartchem Technologies Ltd to Invest Rs 2200 Crore, Jobs for Over 1700 Local People
- Huge Boost for Agriculture, Industries And Mining Sectors
Industry Has Faith In Our Ability to Deliver Value to Them- CM
Bhubaneswar(Kalinga Voice) : Chief Minister Shri Naveen Patnaik today laid foundation for a global scale Technical Ammonium Nitrate (TAN) Manufacturing Complex on virtual platform at Gopalpur in Ganjam.
Leading manufacturer of fertilisers in India Smartchem Technologies Ltd is setting up this unit at an investment of Rs 2200 Crore, which will create employment opportunities for over 1700 local people. A 100 percent subsidiary of Deepak Fertilisers, STL is the 5th largest producer of TAN. Used for multiple purposes in various sectors like agriculture, industry and mining, it will provide huge boost these sectors in state.
Speaking on the occasion, Chief Minister Sri Patnaik said that the project is another example of our State’s continuing dominance as a premier investment destination for multiple sectors of industry. Despite the pandemic situation and consequent slowdown in economy, Odisha continues to receive new investments. This proves the faith and confidence of industry on the Government of Odisha and on our ability to deliver value for industries, he added.
The CM said that that Smartchem Technologies is one of India’s leading manufacturers of NPK and Specialty Fertilizers. It is also one of the World’s leading producers of Technical Ammonium Nitrate, a product which will be manufactured in their facility at Gopalpur. This will help in the growth and development of the region, he added. He assured complete facilitation support to the project from the State Government.
Speaking on the occasion, Industries Minister Shri Dibya Shankar Mishra said that Odisha has the right eco-system for the industries to grow. Minerals, quality man power, supportive policies provide huge support to industries to fast track projects, he added.
Berhampur MP Shri Chandra Shekhar Sahu lauded the efforts of Chief Minister to promote industries in Ganjam.
Chairman & Managing Director of STL Shri Sailesh Chimanlal Mehta, joining from Pune, said that Odisha’s consistent push for industries, the transformation initiative through 5T framework has enhanced our confidence in the state government, and the dream to foray into Odisha has been fulfilled.
Industries Principal Secretary Shri Hemant Sharma gave the welcome address and Collector Ganjam offered the Vote of thanks. Chief secretary Sri SC Mahapatra Development commissioner Sri PK Jena were also present
