AGARTALA, Aug 9 � Tripura Industries Minister Jitendra Chowdhury called upon potential investors to set up gas-based industrial units in Tripura as natural gas is available at a very attractive price.
Chowdhury, who was speaking at a business conference on oil and gas in Kolkata, said the price of natural gas under APM throughout the country is $4.2 MMBTU while it is only $2.52 MMBTU (40% less) for the Northeast region.
�Setting up urea complex, urea-PVC complex, urea-methanol complex and solid hydro carbon are possible in Tripura taking advantage of subsidized gas price, availability of infrastructure and close proximity with Bangladesh,� he said.
He said that several proposals for fertilizer-ammonia-methanol complexes were received by industrial houses like RPG, Oswal and PSUs like KRBHCO and RCF but could not make headway due to shortage of gas. �But the scene in Tripura is changing fast with the ONGC targeting to produce 5.5 MMSCMD by March 2013,� he stated.
Noting that Tripura looks set to become a power surplus State within the next few months, Chowdhury said effective steps have been taken to improve the road and rail connectivity with other northeastern States as well neighbouring Bangladesh.
�One of the significant aspects of the State�s location is that Tripura is surrounded by Bangladesh on three sides and the State shares 856 km border with Bangladesh,� he said.
Chowdhury further said, the State government has initiated a series of development works to address future international trade.