Bhubaneswar, December 9: Chief Minister Naveen Patnaik on Thursday laid foundation for a global scale Technical Ammonium Nitrate (TAN) Manufacturing Complex on virtual platform at Gopalpur in Ganjam district, through video conferencing.
Leading manufacturer of fertilisers in India Smartchem Technologies Ltd is setting up this unit at an investment of Rs 2,200 crore, which will create employment opportunities for over 1,700 local people. A 100 per cent 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 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 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 Chandra Shekhar Sahu lauded the efforts of Chief Minister to promote industries in Ganjam.
Chairman & Managing Director of STL 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.
Chief Secretary SC mahapatra, Development commissioner PK Jena and Industries Secretary SC Mohapatra were also present.
