One of the world's world's largest polymer producers -Dow Chemical Company, plans to invest Rs 5,000 crore to set up a facility at the petrochemicals complex being set up by Reliance Petroleum in the Jamnagar special economic zone. Dow seems to have applied to the Foreign Investment Promotion Board (FIPB) for a downstream facility in the Jamnagar SEZ which has several advantages, including the opportunity to source raw material from RPL and export the finished products to China and European markets through the world-class port. However, the investments would not take place immediately.
Several other petrochem majors including Exxon, Mitsubishi Chemicals, Huntsman and Borealis have shown interest in setting up shop in the SEZ.
21-Apr-06 
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