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Oil companies to set up more plants in Jammu and Kashmir

LiveMint logoLiveMint 22-04-2017 Gireesh Chandra Prasad

New Delhi: State-run refiners Indian Oil Corp. Ltd, Bharat Petroleum Corp. Ltd and Hindustan Petroleum Corp. Ltd will invest in Jammu and Kashmir on new LPG bottling plants and retail networks, oil minister Dharmendra Pradhan and chief minister Mehbooba Mufti decided at a meeting in Srinagar on Saturday, an official statement said.

Pradhan also informed Mehbooba that oil and gas companies under the ministry will recruit from engineering colleges in Jammu and Kashmir. Hill states and the North Eastern region, which are at a geographic disadvantage figure high in the central government’s economic development agenda.

“Efforts are being made by oil marketing companies for land identification for oil depots and LPG bottling plants at Anantnag, Rajouri and Kargil,” said the oil ministry statement.

As per the deal agreed upon between the Centre and the state, LPG distribution and petrol pump licenses will be given as per a list drawn up the state. In difficult terrain, distributorship will be allotted to the state Food and Civil Supplies Department. The state will facilitate land for the companies to build depots. The ministry has asked all oil companies to spend Rs1 crore from their corporate social responsibility funds for infrastructure development in Tulip garden, Srinagar.

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