The Indian Oil Corporation signed an MoU with SIIDCUl and Uttarakhand Government in Dehradun on Thursday.
The MoU has been signed for development of natural gas infrastructure, supply of gas and innovation in power. The MoU was signed by Additional Chief Secretary, Rakesh Sharma, MD, SIIDCUl Shailesh Bhagoli, and I/C (Gas) Indian Oil Executive Director AK Marchanda. Indian Oil and Uttarakhand Government will jointly make schemes for infrastructural development of natural gas and innovation in power.
In his address, CM Vijay Bahuguna said that investment was essential for development in the State. There was need to concentrate on the power sector for industrial development. He expressed the hope that the MoU would encourage social and economic development in the State. He also spoke to the IOC Chairman, RS Butola, over the phone about the establishment of an lPG bottling plant in the state.
The Executive Director, AK Marchanda, said that Indian Oil would identify a cluster after surveying the demand in the present geographical conditions. Also, work would be done with regard to city gas distribution.Help from the State Government would also be taken, and it would also be a partner in the bidding process.