Punjab Chief Minister Capt Amarinder Singh on Monday met steel magnate lakshmi Mittal in london to discuss a project for setting downstream petrochemical industry in Sangrur, apart from a slew of other ventures in the State.
This was their second meeting in two months and the two agreed to explore various initiatives to enhance the investments of Mittal-owned ArcelorMittal — the world’s largest steelmaking company - in Punjab, an official spokesperson said here.
On the agenda for Monday’s meeting was a proposal to set up `20,000 crore petrochemical plant in Bathinda, where the company already has a petroleum refinery, said the spokesperson, adding that the projects will help generate large-scale employment, besides raising revenues for the state.
Mittal stressed the importance of petrochemical industries as an important source of industrial growth and urged the Chief Minister for infrastructural support from the Government, a statement released here said.
Capt Amarinder assured Mittal of all help in facilitating the development of infrastructure and other facilities in the state to facilitate business and industrial promotion, said the spokesperson.
The two also took forward their earlier discussions on setting up ancillary industries with investment ranging from `1 to `200 crore, as a joint private-public initiative, in Bathinda, thus giving a boost to the industrial development of the region.