The Centre has approved the proposal of the Tamil Nadu government for setting up a Petroleum, Chemical and Petrochemical Investment Region (PCPIR) in Cuddalore and Nagapattinam districts. The region is expected to attract an investment of around Rs 92,160 crore covering an area of 256.83 sq km. It envisages Government of India support of Rs 2,643 crore consisting of (viability gap funding) VGF Funding for two road projects, desalination and common effluent treatment plants and direct budgetary support for creation of rail infrastructure
PCPIRs in Visakhapatnam-Kakinada region in Andhra Pradesh, at Paradip in Orissa and at Dahej in Gujarat have already been granted approval by the Centre.
24-Aug-12 
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