The diversified Jubilant Bhartia Group will invest Rs 1,300 crore in life sciences, energy, food and oil gas in the next few years, Mr Shyam S. Bhartia, Chairman and Managing Director, said here on Friday.
The Group, which has already invested Rs 1,900 crore in two manufacturing facilities in the chemicals sector in the State, will also start production at the Symtet plant in the Jubilant SEZ at Vilayat near Dahej in Bharuch district next month.
The plant to manufacture Symtet, a crop science ingredient, will be one of the world's largest such plants for making insecticide ingredients.
Jubilant Bhartia Group is also a partner with state-promoted Gujarat State Petroleum Corporation Ltd (GSPC) in hydrocarbon sector.
Jubilant Life Sciences Ltd, the flagship company of the Noida-based Group, has commissioned production of Vitamin B3, 3-Cyanopyridine and agro-ingredients, having annual capacities of 10,000, 24,000 and 1,000 tonnes at the new complex.
The global scale plants of Vitamin B3 and 3-Cyanopyridine will make Jubilant the second largest producer in the world and the largest in India.
The company, which has seen a 30 per cent export growth in the last nine months, will generate exports worth Rs 1,000 crore at full capacity, Mr Bhartia said.
The finished products from this facility would be fully backward integrated and based on in-house developed innovative technologies, making it a hub for products offering value to all stakeholders.
On Friday, the Gujarat Chief Minister, Mr Narendra Modi, formally inaugurated the Jubilant SEZ, established with an investment of Rs 500 crore in a 300-acre plot in the Vilayat industrial estate. Jubilant Bhartia Group had signed an MoU with the State Government for setting up a chemicals SEZ during the Vibrant Gujarat Global Investment Summit 2007.
Mr Modi said the State will witness inauguration of 600 MW of solar power production facilities on April 19 at a solar park in Patan district, at a time when all other Indian states collectively produce only 120 MW of solar power. Also, he said, Dahej will soon have Asia’s largest water desalination plant to solve water problem for the next few decades.