The Task Force on Petroleum, Chemicals and Petrocemical Investment region has submitted a draft policy on PCPIR and the same would be placed before the Cabinet soon. The draft encompasses the identification of 7 regions in India for setting up of petroleum and petrochemical hubs of 250 sq kms to tap the huge export market. In this area along with PCPIR, related services and infrastructure will be made available. While 40 per cent of the area will be utilised for processing units the rest will be for social and allied infrastructure.
A refinery or a petrochemical feedstock unit will be its 'Anchor Tenant'. The draft report has also suggested nil import duty on crude oil to facilitate setting up of petrochemical hubs. Dahej in Gujarat, Vizag in Andhra Pradesh, Kochi in Kerala, Haldia in West Bengal, Mangalore in Karnataka, Paradeep in Orissa and Panipat in Haryana have been identified forfor setting up of the petrochemical hubs.
25-Aug-06 
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