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Prime Minister Shri Narendra Modi will dedicate to the nation three key projects related to the Petroleum sector in Bihar on 13th September, via video conferencing. The projects include the Durgapur-Banka section of the Paradip-Haldia-Durgapur Pipeline Augmentation Project and two LPG Bottling Plants. They have been commissioned by IndianOil and HPCL, PSUs under the aegis of the Ministry of Petroleum and Natural Gas.

Chief Minister of Bihar will also be present on the occasion.

Durgapur-Banka section of the Pipeline Project

The 193 km long Durgapur-Banka pipeline section, built by IndianOil, is a part of the Paradip-Haldia-Durgapur Pipeline Augmentation Project, for which the foundation stone was laid by the Prime Minister on 17th February 2019. Durgapur-Banka section is the extension of the existing 679 Km long Paradip-Haldia-Durgapur LPG pipeline to the new LPG bottling plant at Banka in Bihar. The pipeline of 14” diameter passes through three states viz. West Bengal (60 km), Jharkhand (98 km), and Bihar (35 km). Presently, LPG injection can be made in the pipeline system from Paradip Refinery, Haldia Refinery, and IPPL Haldia. On completion of the whole project, the LPG injection facility will also be available from the Paradip Import terminal and Barauni refinery.

Laying of the pipeline under Durgapur-Banka Section required crossing several natural and manmade hurdles. A total of 154 crossings were bridged including 13 rivers (one of them being the Ajay river of 1077 m length), 5 national highways, and 3 railway crossings. The pipeline was laid under the riverbeds through state-of-the-art Horizontal Directional Drilling technique without disturbing the water flow.

LPG Bottling Plant at Banka, Bihar

IndianOil's LPG Bottling Plant at Banka will increase the ‘AtmaNirbharta’ of Bihar by meeting the rising demand for LPG in the state. This Bottling Plant has been built at an investment of around Rs 131.75 crore to serve the districts of Bhagalpur, Banka, Jamui, Araria, Kishanganj & Katihar in Bihar, along with the districts of Godda, Deoghar, Dumka, Sahibganj, and Pakur in Jharkhand. With the LPG storage capacity of 1800 MTs and bottling capacity of 40,000 cylinders per day, this plant would generate direct and indirect employment opportunities in the state of Bihar.

LPG Plant at Champaran(Harsidhi), Bihar

HPCL's 120 TMTPA LPG Bottling Plant has been constructed at Harsidhi in East Champaran district for Rs. 136.4 crores. This plant has been constructed on 29 acres of land and its Foundation stone was laid by the Prime Minister on 10th April 2018. The bottling plant will cater to the LPG requirement of East Champaran, West Champaran, Muzaffarpur, Siwan, Gopalganj & Sitamarhi districts in Bihar.

The event will be telecast Live on DD News.

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PM to inaugurate InFinity Forum on 3rd December
November 30, 2021
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The Forum will focus on the theme of 'Beyond'; with various sub themes including ‘FinTech beyond boundaries’, ‘FinTech beyond Finance’ and ‘FinTech Beyond Next’

Prime Minister Shri Narendra Modi will inaugurate InFinity Forum, a thought leadership Forum on FinTech, on 3rd December, 2021 at 10 AM via video conferencing.

The event is being hosted by International Financial Services Centres Authority (IFSCA), under the aegis of Government of India in collaboration with GIFT City and Bloomberg on December 3 and 4, 2021. Indonesia, South Africa and the U.K. are partner countries in the first edition of the Forum.

InFinity Forum will bring together the leading minds of the world in policy, business, and technology to discuss and come up with actionable insight into how technology and innovation can be leveraged by the FinTech industry for inclusive growth and serving humanity at large.

The agenda of the Forum will focus on the theme of 'Beyond'; with various sub themes including FinTech beyond boundaries, with governments and businesses focussing beyond the geographical boundaries in the development of global stack to promote financial inclusiveness; FinTech beyond Finance, by having convergence with emerging areas such as SpaceTech, GreenTech and AgriTech to drive sustainable development; and FinTech Beyond Next, with focus on how Quantum Computing could impact the nature of Fintech industry in the future and promote new opportunities.

The forum will witness participation from over 70 countries. Key speakers at the Forum includes Finance Minister of Malaysia Tengku Mr. Zafrul Aziz, Finance Minister of Indonesia Ms Sri Mulyani Indrawati, Minister of Creative Economy Indonesia Mr. Sandiaga S Uno, Chairman and MD, Reliance Industries Mr. Mukesh Ambani, Chairman & CEO SoftBank Group Corp. Mr. Masayoshi Son, Chairman and CEO, IBM Corporation Mr. Arvind Krishna, MD and CEO Kotak Mahindra Bank Limited Mr. Uday Kotak, among others. NITI Aayog, Invest India, FICCI and NASSCOM are some of the key partners to this year's Forum.

About IFSCA

The International Financial Services Centres Authority (IFSCA), headquartered at GIFT City, Gandhinagar Gujarat, has been established under the International Financial Services Centres Authority Act, 2019. It works as a unified authority for the development and regulation of financial products, financial services and financial institutions in the International Financial Services Centre (IFSC) in India. At present, the GIFT IFSC is the maiden international financial services centre in India.