On September 12, Prime Minister Narendra Modi laid the foundation stone for a new Central Bio-technology GlycoGenic (CBG) plant in Haryana, India. The plant is being set up at an estimated cost of Rs 90 crore (approximately $12.6 million USD) and is expected to create over 100 job opportunities in the region.
The CBG plant will be a state-of-the-art facility that will produce bio-based products such as glycerin, lactic acid, and polyactic acid, which have a wide range of applications in industries such as pharmaceuticals, cosmetics, and sustainable manufacturing. The plant will also produce renewable biofuels, reducing India’s dependence on fossil fuels and minimizing carbon emissions.
The Prime Minister praised the initiative, saying that it aligns with the government’s vision to promote bio-based industries and sustainable development. He emphasized the importance of collaborations between the government, industry, and academia in driving innovation and entrepreneurship.
The CBG plant is being developed by Apex International, a leading manufacturer of bio-based products, in collaboration with the state government of Haryana. The project is expected to be completed within the next 24 months, with the plant expected to commence commercial production by the end of 2024.
The foundation stone laying ceremony was attended by several dignitaries, including the Chief Minister of Haryana, the Union Minister for Chemicals and Fertilizers, and senior officials from the government and industry.
The project is expected to have a positive impact on the local economy, creating job opportunities and stimulating economic growth in the region. It will also contribute to India’s efforts to reduce its carbon footprint and improve its sustainability profile.
In conclusion, the foundation stone laying ceremony for the Rs 90 crore CBG plant in Haryana marks an important milestone in India’s quest to promote bio-based industries and sustainable development. The project is expected to create job opportunities, stimulate economic growth, and contribute to the country’s efforts to reduce its carbon footprint.