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NSIC to Encourage North East Bamboo Entrepreneurs

NSIC to Encourage North East Bamboo Entrepreneurs

Sentinel Digital DeskBy : Sentinel Digital Desk

  |  5 July 2019 8:01 AM GMT

Guwahati: The National Small Industries Corporation (NE-NSIC) Guwahati, has been appointed as marketing partner by Assam Bio Refinery Private Limited (ABRPL), where Numaligarh Refinery Ltd, has 50 per cent stake in the new venture of Bio Ethanol Project. Under this project, ABRPL is planning to source bamboo from various States of the 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 region.

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 mission/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. Expected total engagement of direct, indirect, contractual and new entrepreneurs will be approximately 6,350 by September 2021 and another 15,000 more engagement by 2026.

Ram Mohan Mishra, AS&DC (MSME) & CMD,NSIC received the letter from ABRPL appointing NSIC as marketing partner of ABRPL – Bio Ethanol Project July 3 at Guwahati. (PIB)

Also Read: Numaligarh Refinery Limited organizes Startup Conclave 2019 on June 8 in Guwahati

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