PM Modi regrets project delays under Congress rule

Paradip (Odisha): Prime Minister Narendra Modi today inaugurated the Indian Oil Corp's Rs 34,555 crore refinery here. The development has enabled IOC topple Reliance Industries as the country's largest oil refinery.

Addressing the gathering on the occasion, PM Modi expressed his regret over the delay in execution of different projects under Congress rule.

Modi also took a dig at the Congress after inaugurating the Rs.34,555-crore refinery project of 15 million metric tonnes per annum (MMTPA) capacity, saying: “Nowadays, whenever I go to inaugurate any project, the friends in Congress party say it was started during our time.”

”Projects are marred by delays due to legal and tender processes and local agitations, resulting in cost overruns to the country. Initiatives have to be futuristic and completed before the designated time limit so that the country does not sustain cost overruns due to delays,” the Prime Minister said.

He said a new work culture is being developed to materialise the projects within a fixed time frame that would benefit the country.

Describing Paradip refinery as Odisha's ‘Vikas Deep', Modi said it will fulfil the aspirations of the state's bright youngsters. He said it will also take gas cylinders to the homes of the poor across the country.

Modi said the Paradip refinery has set a record of sorts when it came to ‘Make in India' initiative—the refinery will become a source of jobs for lakhs of poor since several downstream industries will come up after its commissioning.

Read Also: PM Narendra Modi inaugurates Indian Oil Corporation's Rs 34,555-crore Paradip refinery

The PM said the central government had distributed about Rs.1 lakh crore in recent months under the Micro Units Development and Refinance Agency (MUDRA) scheme to make the youth self-employed.

”MUDRA Yojana has given an opportunity to India's youth to stand on their own feet and become job-creators, not job-seekers. We don't want the youth to be job-seekers; they should be job-creators,” said the prime minister.

He said effort was on to decrease oil imports and make India self-reliant in petroleum sector.

”I have asked the Petroleum ministry to decrease oil imports by 10 per cent by 2022, when India will celebrate 75 years of Independence. The ministry will try hard to be self-reliant in oil,” Modi said.

He said the government was also emphasising on solar energy so that it does not depend on other countries for its energy needs. The Indian Oil Corp's refinery was a step towards that goal, he added.

Modi also congratulated the scientists for developing indigenous technology for the refinery project.

”Paradip refinery is made in India, for India and by Indians, using indigenous technology and this has amazed the world,” the prime minister said.

The refinery at Paradip would produce 78 crore kg liquefied petroleum gas, 500 crore kg petrol, 680 crore kg disel and 120 lakh quintal petroleum coke.

The project will primarily produce BS-IV fuels and serve the eastern and south-eastern markets, apart from exports.

The refinery is the largest on the country's eastern coast, and is equipped with the latest technology, including IOCL's own patented IndMax technology for better and higher output of liquefied petroleum gas (LPG).

Speaking on the occasion, Odisha Chief Minister Naveen Patnaik urged Modi to ask the Indian Oil Corp. to fulfil its commitment in creating jobs for the region's people.

He also urged the prime minister to grant special category status to Odisha for its further development.

(With IANS inputs)