RAJAMAHENDRAVARAM: The establishment of a bioethanol plant augurs well for the farming community, youth and the entire State, Chief Minister YS Jagan Mohan Reddy said after he laid the foundation stone for the Rs 270- crore bio-fuel unit at Gummaladoddi in East Godavari district on Friday. “The plant, set up by Assago Industries, will offer direct and indirect jobs to 300-400 people, of whom 75% would be locals. It will have a production capacity of two lakh litres,” Jagan pointed out.