Government to set up petrochem hubs

Government to set up petrochem hubs

The government has announced its plan to set up petrochemical complexes around all 22 refineries across the country. The move would boost job creation and is expected to generate one crore jobs.

The proposed petrochemical complexes would not just be confined to Gujarat, Maharashtra, Andhra Pradesh, Odisha and parts of Tamil Nadu, but would be set up in other states as well.

Union Minister Ananth Kumar has asked the chemical industry “not to just rely on the government incentives but become competitive” while assuring companies of providing common facilities for those setting up brownfield clusters.

“The government has decided to establish petrochemical hubs in and around all 22 refineries,” the minister for chemicals and fertilisers said addressing an event here.

Ananth called upon the industry to become “competitive” in feed stock, procurement of natural gas and production of end-products for doubling the sector’s growth to $400 billion by 2021.

Petrochemical companies and other downstream manufacturers catering pharma and plastics, need to be set up around refineries as this will help bring down the cost of logistics, he said.

The proposed plan, which is expected to attract huge investment and generate one crore jobs, will soon be discussed with Petroleum Minister Dharmendra Pradhan, he added.

Leave a Reply

Your email address will not be published.