AGARTALA, Oct 15 (TIWN): Although clamours are given by Tripura Ministers about state’s potentialities are huge either it’s a business summit or an industry summit, but in practical ground all the potentialities have remained non-utilized under CPI-M era. Industrial-allergic CPI-M Ministers have left the communist states without growth & prosperity which resulted in massive failure of CPI-M in elections across the country. Now Communist party’s regime which has been dominating over Tripura since 23 years of regime has left the state with empty-growth, gifting state by 7 lakhs of unemployed youths. Rs 5000 crores Urea Plant at Khobal in Unakoti district which had died before it began is an example how the state is killing all the chances of economic growth. Recently, Industry Minister Tapan Chakraborty said that the project is now lying dead as ONGC is unable to supply the required amount of gas to the plant.

Tapan Chakraborty also said that the Chambal Fertilizer company, which was engaged (by then ONGC Asset Manager V.P.Mahwar) from the beginning of the project has backed out resulting the project lying dead for past many years. 

But now it is clear that Tripura’s proposed Rs 5000 crores Urea Plant most likely to remain dead due to the focus of Industry minister only in public’s votes, rather than actual Industrial-growth.

As per latest reports, Chambal Fertilizers will raise Rs 1,057 crore loans from SBI and Axis to establish new urea unit at its existing plant in Kota, Rajasthan. Besides, the company will also avail a Rs 300 crore bank guarantee from   State Bank of India. In a regulatory filing, Chambal Fertilizers & Chemicals Ltd said it has executed a loan agreement with SBI for term loan of Rs 500 crores and with Axis Bank for term loan of Rs 557.85 crores.

The so called 5,000 crore urea fertilizer plant is yet lying dead in the 800 acres of land allotted to set up a Urea fertiliser plant at Khobal in Unakoti district of Tripura.  

The alleged intentional delay in the commencement of the Chambal Fertilizers and Chemicals, has brewed resentment among the common people.   

The Tripura government has allotted 800 acres of land to set up a Rs. 5000-crore Urea fertiliser plant but after years there is no much development in the site and the site is left dead.

State-owned ONGC had earlier signed MoU with a Rajasthan-based private company to set up a gas-based fertilizer plant in Tripura to meet the growing shortage of urea in the eastern and north-eastern states and adjoining Bangladesh. The Oil and Natural Gas Corporation (ONGC), in association with Chambal Fertilizers and Chemicals Limited (CFCL) and the Tripura government took the initiative to set up the Rs.5, 000 crore plant in northern Tripura.

But after magnificent celebrations about the MoU has become a joke as finally the fertilizer is lying dead and no one has any eagerness to re-start the project plans.