Karnataka state government, through the Karnataka State Industrial Investment and Development Corporation (KSIIDC) Ltd., has confirmed its decision not to pursue claims for the Petroleum, Chemicals and Petrochemicals Investment Region (PCPIR) project at Mangalore, as proposed by the Centre. Representations against PCPIR with concerns about marine life and ecological systems have been responsible for the shift.
KSIIDC was appointed by the state as a nodal agency to formulate plans for a PCPIR at Mangalore and to obtain approval from the Union ministry. KSIIDC got the pre-feasibility report prepared through IL and FS and L&T Ramboll and presented it to ministry for approval.
Karnataka was one among the five states vying for the PCPIR project, along with Orissa, Gujarat, West Bengal and Andhra Pradesh. Even as the state pressed for claims, the protests against PCPIR in ecologically sensitive coastal district got stronger.
Andhra Pradesh has become the first state to get the Centre's nod for setting up PCPIR. As per AP government's preliminary estimates, the proposed PCPIR project between Visakhapatnam and Kakinada would attract investments to the tune of Rs 1.63 lakh.