SEZ at Kakinada could see investment flow of Rs 50,000 crore

The special economic zone (SEZ) at Kakinada is being planned to be anchored by a 15 mln tpa refinery and petrochemical plant, a fertiliser plant, captive ports, shipbuilding and rig-servicing yards. Total investments in Kakinada, on the Coromandel Coast in Andhra Pradesh, could exceed Rs 50,000 crore. Oil and Natural Gas Corporation (ONGC) is planning to invest close to Rs 26,000 crore to set up a refinery and petrochemical complex in the Kakinada SEZ. It has already acquired 8,000 acres of land for an SEZ, for which it will also be the developer. The petrochemical plant will receive gas from Reliance Industries' gigantic D6 block in the Krishna-Godavari basin. Kakinada will also be co-host to a petroleum, chemical and petrochemical investment region (PCPIR) which is projected to attract investments of over Rs 2 lakh crore.
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