Andhra, Gujarat and Karnataka to get PCPIR approval by fiscal-end

12-Jul-08

Department of Chemicals and Petrochemicals of the Indian government will commence the approval process for the proposed Petroleum, Chemical and Petrochemical Investment Region (PCPIR) in which many states have expressed interests. Amongst the interested states, Andhra Pradesh, Gujarat and Karnataka are slated to get sanction for the PCPIR by the fiscal end. Even though majority of the matters are sorted, one more meeting is planned before the sanctions are given. Several factors like the committed investments, infrastructure by various state governments, provision for the required infrastructure in the region and the like, to be considered by several departments before the approval.