To facilitate revival of Gorakhpur fertiliser plant, the Uttar Pradesh government today decided to exempt stamp fees in transfer of land from the FCIL to Hindustan Urvark and Rasayan Ltd. The decision was taken at a meeting of the state cabinet presided over by Chief Minister Yogi Adityanath, a five-time MP from Gorakhpur before he took over the reins of the state in March.
The cabinet decided to exempt transfer fee estimated to be around Rs 210 crore in a bid to revive the sick fertiliser plant, an official spokesman said after the meeting. Prime Minister Narendra Modi in July last year laid the foundation stone for the revival of the sick fertiliser plant with an investment of Rs 6,500 crores.
The project would help boost the economy and development of the region and is likely to create up a large number of direct and indirect jobs. It would ensure adequate supply of nutrients to farmers in Uttar Pradesh. The plant will be developed on 630 acre land of the state-run Fertiliser Corporation India Ltd (FCIL) which will be leased out for a period of 55 years, the spokesman said.
The Hindustan Urvark and Rasayan Limited is a joint venture company of Coal India Ltd (CIL), Indian Oil Corporation (IOC) and NTPC Ltd. While laying the foundation stone, the Prime Minister had remarked that revival of the fertiliser plant is going to bring a big change as the gas-based economy will start with supply of gas in Gorakhpur through Jagdishpur-Haldia pipeline. “It is not merely inauguration of a factory but the start of a victory march that will defeat poverty, unemployment…,” Modi had said.