Govt. approves creation of special PCPIRs in Andhra Pradesh, Gujarat, West Bengal

26-Feb-09
The Cabinet Committee on Economic Affairs (CCEA) has approved the proposals received from the 3 states of Andhra Pradesh, Gujarat and West Bengal for petroleum, chemicals and petrochemicals investment region (PCPIR), at a likely investment of Rs 4,861.80 bln. PCPIR is a specifically delineated investment area of about 250 sq kms for establishing manufacturing facilities for domestic and export-oriented production of petroleum and petrochemical items. The state of Andhra Pradesh proposes setting up a PCPIR at Vishakhapatnam-Kakinada-Rajahmundry area with a total investment of Rs 3,430 bln. West Bengal and Gujarat have an investment outlay of Rs 931.80 bln and Rs 500 bln respectively.
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