This is an article on the future of the chemical industries in Karnadans future.
The state’s chemical industries, in general, are on the upswing with a number of large-scale industrial companies taking part in the latest batch of industrial development projects underway.
The latest batch included an ambitious Rs.5,000 crore project to construct and supply 20,000 industrial units (UUs) at an industrial park in Karnakudu in the state.
The Industrial City project is the latest in a series of projects that has been under the Karnataka Industrial Development Corporation (KIDC) in the past.
These projects have been launched since 2015 with the aim of attracting more companies to the state and attracting foreign investment to the region.
The latest industrial development project, which is under KIDC’s jurisdiction, was launched by the Gujarat-based AgustaWestland.
The project, under the name ‘Amaravir’ (Amaraval), aims to produce 1,000,000 tonnes of ammonium nitrate (a fertilizer) annually from two plant in Karnal.
The factory would be the largest such facility in the country with a capacity of around 1.5 million tonnes annually.
The project has been funded by an infusion of around Rs.2,000 crores from the state government and Agustas Westland.
Agustah Westland has a presence in the United States, the UK, France, Canada, Australia and New Zealand.
The company has a turnover of about Rs.40,000 Crores, and employs about 15,000 people.
The company also has plans to develop a new manufacturing facility in Gurgaon to manufacture ammonium compounds.
The new facility would be part of the Agustalco Industrial Complex, which would create more than 25,000 jobs in Karns manufacturing sector.