The Central Government of India has granted permission to a Japanese petrochemical consortium led by Mitsubishi Chemical Corporation to go ahead with a foreign direct investment of Rs. 342 crore for the manufacture, marketing, sale and distribution of purified terephthalic acid (PTA) in West Bengal. The venture, in collaboration with Kolkata-based MCC PTA India Corp., includes Japan-based Sojiz, Marubeni, Toyota Tsusho and Sumikin Bussan.
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