Dharmendra Pradhan – Union Minister of Petroleum & Natural Gas
Privileged to witness the dedication and foundation stone laying of 21st-century infrastructure projects in Kochi by PM Shri Narendra Modi.
These projects, including in petrochemicals will catalyse industrial and economic growth in southern India.
The ambitious projects inaugurated today by PM Modi will strengthen Make In India initiatives, champion development across sectors, boost tourism, create revenue and employment opportunities in Kerala and give speed to the Aatmanirbhar initiative.
Building 21st-century infrastructure that reflects the identity of New India is a key priority of PM Shri Narendra Modi’s govt. in fulfilling aspirations of people, facilitating ease-of-living and building a future-ready India.
BPCL’s state-of-the-art Propylene Derivatives Petrochemical Complex is one more step towards creating next-gen infrastructure in the country, that will help harness the full development potential of Kerala and south India.
Built with an investment of ₹6,000 crore, the modern PDPP unit will produce niche petrochemical products that are currently being imported, encourage downstream petrochemical industries in the region and create economic & employment opportunities in the state.
Inauguration of the International cruise terminal ‘Sagarika’ at Kochi port along with other waterways projects inaugurated today will give fillip to trade with reduced costs, transform our coastal areas and open up new vistas of opportunities in Kerala.
In the last 6 years the oil & gas industry has invested around ₹25,000 crore in Kerala in petroleum projects, including in refinery, pipelines, marketing & CGD network.
The oil industry is also contributing approx. ₹7,500 crore annually to the state exchequer.
Last month, PM Narendra Modi ji also dedicated the 450 km-long Kochi-Mangaluru natural gas pipeline to the nation.
Gratitude to PM Modi for continuously working to realise the holistic vision of Late Atal ji in making Kerala a powerhouse of prosperity.
I thank Kerala Governor Shri Arif Mohammad Khan, CM Shri Pinarayi Vijayan, colleagues Shri VM Muraleedharan & Shri Mansukh Mandaviya for gracing this occasion.
I also thank the wonderful people of Kerala for joining this momentous occasion via digital mediums.