Prime Minister Narendra Modi laid the foundation stone of development projects worth more than Rs 50,700 crore in Bina, Madhya Pradesh on 14 September, 2023.

The projects include the Petrochemical Complex at Bina Refinery of Bharat Petroleum Corporation (BPCL) which will be developed at a cost of about Rs 49,000 crore. It also includes a Power and Renewable Energy Manufacturing Zone in Narmadapuram district, a Mega Industrial Park in Ratlam, two IT Parks in Indore and six new industrial parks spread across the state.

The Petrochemical Complex is expected to spur growth in the entire region, as it would give rise to new industries and serve the requirements of entrepreneurs, while also creating employment opportunities for the youth. Moreover, the projects in Narmadapuram, Indore and Ratlam woould enhance the industrial prowess of Madhya Pradesh.

The PM further stated that it will be a step forward in the petrochemical industry towards 'Atmanirbharta', wherein petrochemicals play a crucial role in production of products like pipes, furniture, medical equipment, and agricultural equipment, among others.