Bhubaneswar, Dec 9: Chief Minister Naveen Patnaik today laid the 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 (STL) 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, the CM 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.