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February 11, 2014

Italian chemical firm comes to Singur

Italian chemical firm comes to Singur

Investments are pouring in to the state in spite of the baseless campaigns by the Opposition maligning the West Bengal Government. Singur, the epicentre of Trinamool Congress` land movement has now emerged as a top investment destination with industries eager to set up their factories there, without forcible acquisition of land.

An Italy-based chemical company has decided to set up a factory to produce insecticides in Singur. Endura Fine Chemicals, headquartered in Bologna, Italy, zeroed in on Singur after exploring options in Gujarat and Maharashtra. The inaugural programme will be attended by local MLA and MoS Agriculture Becharam Manna. Italian Consul General Cesare Bieller, company President Marzio Tozzi and Italian Ambassador Daniele Mancini are slated to attend the programme too.

Aura Chemicals, the trading arm of Endura, bought Manaksia`s subsidiary, Solex Chemicals, along with the licence. It then set up a factory on the rented land of Manaksia with an investment of $4 million (Rs 25 crore). The company plans to manufacture two kinds of Pyrethroids, D-Trans-allethriu and prallethriu, used for killing mosquitoes and flies. Besides investment there will also be the scope of employment for the locals. The factory intends to start full operations by the year-end.

In Italy, Endura has been developing, manufacturing and selling household and public health insecticides for over 50 years. It is the largest manufacturer of piperonyl butoxide (PBO), used in mosquito repellents. Currently, the Singur plant will produce 4 tonnes of insecticides per month and the production will vary according to demand.