Cabinet approves Rs 92000 cr PCPIR in Cuddalore and Nagapattinam districts of Tamil Nadu

05-Jul-12

The Cabinet Committee on Economic Affairs has given a nod of approval to the proposal of the Government of Tamil Nadu to set up a Petroleum Chemicals and Petrochemicals Investment Region (PCPIR). The project will come up at Cuddalore and Nagapattinam districts in Tamil Nadu. Approval for this PCPIR comes after approvals have been granted for PCPIRs in Andhra Pradesh, Gujarat, West Bengal and Orissa. According to the Government's estimate, a total investment of around Rs 92,160 crore is expected in the Region, which includes committed investment of Rs 22,160 crore.