AVAADA Group Signs MoU with Tata Steel SEZ for a Cutting-Edge Green Ammonia Plant in Odisha
The collaboration is geared towards fast-tracking the shift to green energy and bolstering India's ambition to emerge as a global green hydrogen manufacturing hub.
September 07, 2023. By Anurima Mondal
The collaboration is geared towards fast-tracking the shift to green energy and bolstering India's ambition to emerge as a global green hydrogen manufacturing hub. "The MoU is a crucial milestone in our journey towards the fruition of our Green Ammonia venture," remarked Mr. Vineet Mittal, Chairman of AVAADA Group.
"In light of the unparalleled support and robust initiatives from the Government of Odisha, I am actively encouraging all division heads within our group to amplify investments across various sectors in the state. The government officials in Odisha are not just regulators but facilitators, offering hands-on guidance through every step of the business process. This proactive approach has enabled us to experience the 'Ease of Doing Business' in its truest form, perfectly aligning with the vision set forth by Prime Minister Modi. The single-window clearance system in Odisha is not merely a policy on paper but a lived reality, making it an ideal destination for sustainable business growth," added Mittal.
The project is slated to generate around 1,600 direct and 4,000 indirect employment opportunities. Moreover, it aims to curtail annual carbon dioxide emissions by nearly 2 million tonnes, thereby contributing significantly to a greener and more prosperous future.
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