Tamil Nadu (TN) state has already proposed a Petroleum Chemicals and Petrochemicals Investment Region (PCPIR) to be set up in Cuddalore-Nagapattinam. A petroleum refinery project being implemented by Nagarjuna Oil Corporation, a joint venture of Tidco and Nagarjuna group, will be one of the anchor units in this PCPIR. The Nagarjuna refinery will go on stream in 2011.
Besides this one, the state is pushing for the creation of a second PCPIR in Ramanathapuram district, for which it has sent a concept paper to the Union chemicals and fertilisers ministry. An area of about 25,783 hectares along the coastal stretch of Thiruvadanai taluk has been identified by the district administration. It is on the western side of the East Coast Road, which runs along the sea coast adjoining Palk Bay. An investment inflow of Rs 90,000 crore has been projected for the project.
The Union government has identified six sites across the country for the development of the PCPIRs: Paradip in Orissa, Haldia-Nayachar in West Bengal, Dahej in Gujarat, Visakhapatnam in Andhra Pradesh, Mangalore in Karnataka and Cuddalore-Nagapattinam in Tamil Nadu.