The major success of Chief Minister N Chandrababu Naidu’s three-day first official visit to national capital New Delhi is said to be the setting up of a refinery at Machilipatnam by Bharat Petroleum (BPCL) with a cost of Rs 60,000. If this is materialized this will be the first major central government owned public sector industry being set up in the state in the post-bifurcation period.
This assurance was given to Naidu in principle by the union petroleum minister Hardeep Singh Puri, when he met him on Thursday. Officials said that the refinery will be completed in four years and an official announcement will be made soon.
Union Minister Puri suggested that this requires upto 3,000 acres of land and Chief Minister assured him that they are having required land around Machilipatnam. It was also explained that Machilipatnam is suitable in every way for setting up a BPCL refinery.
It will be close to the capital Amaravati and Machilipatnam port is also available. It is said that with the establishment of BPCL refinery in Machilipatnam will facilitate development of the area, besides developing huge employment potentials for the local youth.
On the other hand, the officials are also working on the issues requested by the management regarding the establishment of the refinery of Bharat Petroleum Company. It is reported that the management has also inquired about the incentives offered by the AP government to make huge investments through the establishment of this refinery.
BCCL is referring to the incentives offered by Madhya Pradesh government for them including a loan of Rs 500 crore and GST exemption for a period of 15 years.
Moreover, Uttar Pradesh and Gujarat governments are also competing to get this BPCL refinery project. However, as BPCL refineries are already running in Mumbai, Madhya Pradesh and Kochi, they are in search of another suitable area for setting up another new refinery.
