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NSIC to market Bio Ethanol Project products in Northeast
Assam Bio Refinery Private Limited (ABRPL) has appointed National Small Industries Corporation Ltd (NSIC), Northeast, as their marketing partner. Numaligarh Refinery Ltd, a Public Sector oil company in Assam, has 50 per cent stake in ABRPL, a new venture of Bio Ethanol Project.
Under this project, ABRPL is planning to source bamboo from various states of Northeast like Assam, Nagaland, Arunachal Pradesh and Meghalaya and set up chip processing units in strategic locations with an aim to create and develop new entrepreneurs of these regions.
Chipping units will be paid for chipping of raw bamboo supplied by the bamboo growers as per their area of operations, wherein NSIC plays an important role by facilitating the selected local level entrepreneurs to set up the necessary infrastructure for success of the project.
With the implementation of the project, two leading companies will be able to create maximum MSME entrepreneurs and also generate new employment opportunities in the Northeast region, an official source said in Guwahati on July 4.
The expected total engagement of direct, indirect, contractual and new entrepreneurs will be approximately 6350 by September 2021 and another 15000 more engagement by 2026.