The government is planning to revive and further develop the four Petroleum, Chemicals and Petrochemicals Investment Regions (PCPIR), which failed to take off as envisaged to match similar international petrochemical hubs.
Unveiling the PCPIR Rejuvenation Study at the ‘Summit on Global Chemicals & Petrochemicals Manufacturing Hubs in India 2019’ in Mumbai on Tuesday, D.V. Sadananda Gowda, Minister of Chemicals & Fertilizers, Government of India said the Indian Chemical & Petrochemical Industry is currently witnessing a rapid expansion and the untapped potential of this industry needs to be addressed with projects like reviving the PCPIRs.
The four hubs are at Dahej (Gujarat), Vishakhapatnam (Andhra Pradesh), Paradip (Odisha) and Cuddalore (Tamil Nadu). However, due to a wide range of issues (ranging from overall infrastructure development to project financing), attracting investment to Vizag, Paradip and Cuddalore has been relatively challenging in comparison to Dahej. Read More
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