Prime Minister inaugurates North East India's first petrochemical project

06-Feb-16
Prime Minister Narendra Modi has inaugurated the Rs.10,000 crore gas Assam gas cracker. This is the first ever petrochemical project in entire North East India and was a part of the historic Assam Accord signed on 15th August, 1985 to promote overall socio-economic development of the region. In 2007, former Prime Minister Manmohan Singh had laid the foundation for the project at Lepetkata near Dibrugarh in Assam. For establishing this project, a joint venture company called Brahmaputra Crackers and Polymers Ltd has been formed with GAIL holding 70% stake, Assam government, Oil India Ltd and Numaligarh Refinery each holding 10% stake. Production capacity comprises 2.20 lakh tpa of polyethylene and 60,000 tpa of Polypropylene.
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