India News | Sonowal Welcomes Centre's Nod for Rs 100cr Grant-in-aid to Assam Company
Get latest articles and stories on India at LatestLY. Assam Chief Minister Sarbananda Sonowal on Wednesday welcomed the Centre's decision to provide financial support to Brahmaputra Valley Fertilizer Corporation Ltd (BVFCL) for sustaining operation of its urea manufacturing units.
Guwahati, Feb 10 (PTI) Assam Chief Minister Sarbananda Sonowal on Wednesday welcomed the Centre's decision to provide financial support to Brahmaputra Valley Fertilizer Corporation Ltd (BVFCL) for sustaining operation of its urea manufacturing units.
The Cabinet Committee on Economic Affairs (CCEA) chaired by Prime Minister Narendra Modi approved a proposal to give Rs 100 crore grant-in-aid to the state-run company for the operation of its urea making facilities.
The grant-in-aid of Rs 100 crore to BVFCL will restore the urea production capacity of 3.90 lakh tonne per annum and ensure timely availability of urea to the tea industry and farming sector in the northeastern region, Sonowal said.
The chief minister, in a statement, said the decision of the CCEA would boost the industrial sector of the state and the Centre's 'Atmanirbhar Bhara' campaign.
It will also continue the existing employment of about 580 permanent staffers and another 1,500 on an ad-hoc basis, he said.
A total of 28,000 people will be benefited indirectly, the chief minister added.
(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)