Government mulls 3 new petrochem investment in Karnataka, Maharashtra, W Bengal

11-Jun-14

Government is considering setting up three new petrochemical investment regions in the coastal areas of Karnataka, Maharashtra and West Bengal. At present there are four such regions - Dahej in Gujarat, Paradeep in Odisha, Vishakhapatnam-Kakinada in Andhra Pradesh and Cuddalore-Nagapattinam in Tamil Nadu. A Petroleum, Chemicals and Petrochemicals Investment Region (PCPIR) is usually a delineated area of around 250 sq km for setting up manufacturing facilities for domestic and export led production. As per the PCPIR policy, the Centre has to ensure the availability of external physical infrastructure linkages to these regions including rail, road connectivity to national highways, ports, airports and telecom connectivity also. The internal infrastructure of the PCPIR is built and managed by a developer. The external linkages will be provided by the central and the state governments. The users of external as well as internal infrastructure will pay for its use.