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Japan:
Second India-Japan strategic dialogue on economic issues
China:
India-Brazil-South Africa to cooperate in health sector
South Korea:
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India:
Indian government approves re-structured APDRP
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Restoration of Indo-Pak dialogue to push trade
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India-Brazil-South Africa to cooperate in health sector
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Fastest Growth for Thailand Economy in Six Quarters
Taiwan:
Taiwan Enjoy Expanded Trade Surplus
Indonesia:
Central Bank Chief Of Indonesia Detained
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Malaysia economy grows and banking liberalises
Haldia on a Second Resurgence
by Phillip HortonThe Haldia Petrochemicals project of about Rs 6,000-crore was the major achievement when Jyoti Basu was in power in West Bengal. Now the challenge that lies before chief minister Buddhadeb Bhattacharjee is the Nayachar project which is a multicrore investment. In the Nayachar project a big chemical plant is expected. Following the Nandigram failure of the West Bengal government, the government of Bhattacharjee quickly shifted its focus towards Petroleum, Chemicals, Petrochemicals Investment Region or PCPIR from Nandigram to Nayachar. The shift in focus of the West Bengal government means rebirth for the Haldia region.
If a state has a PCPIR then it is a thing of great prestige for the state. If a state develops the PCPIR then it attracts attention of the country and it also lifts the state’s industrial process and development standards. The planned mega chemical plant of Nayachar is also supposed to give a new lease of life to whole Haldia region along with its existing industrial plants such as South Asian Petrochem, Mitsubishi Chemical Corporation, Indian Oil, Ural, Exide and many other companies who have their plants in the region. The West Bengal government is seeking the help of an overseas consultancy company to study the viability at Nayachar. The main developer of the PCPIR at Nayachar is the Salim Group and it has already asked the Singapore based Jurong Township Corporation to carry out a separate feasibility study of Nayachar.
The CESC is all set to construct a 600 MW power plant in Haldia and the West Bengal government has also offered 200 acres of land for the power plant. Tata Steel also has planned to build a captive jetty in the area. Tata Steel will not only design and build the captive jetty but also will develop it so that its export and import needs can be met. Tata’s investment in the captive jetty at Haldia is in addition to the investment it has already made in the met coke plant. The West Bengal government is also has plans for a deep sea jetty around the Haldia region. The Haldia region has developed as the satellite port for Kolkata. In terms of handling of cargo and yearly growth the Haldia port has developed greatly and its success has been greater than the average the nation achieved.
Given this surging industrial development of Haldia the problems of unionism and infrastructure which the Haldia region had to face are not seen anymore. Lakshman Seth, the local MP of the region has taken all the care that so that the Nayachar and the Haldia experience smooth and conflict free industrial development. The local MP had also worked with the former chief minister and is now also working with Buddhadeb Bhattacharjee and has a considerable influence in the region. The Salim Group has projects lined up for West Bengal which is worth Rs 40,000 crore and in addition to their Nayachar project the Group also has plans to construct a bridge that will connect Raichak to Kukrahati in Haldia with an estimated investment of about 3000 crore.
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