Representatives from 30 chemical and petrochemical companies, including BASF, Exxon, BP, Reliance and Mitsubishi, are mulling the setting up mega-petrochemical regions in India.
"Each region will come up on an area ranging between 5,000 and 20,000 acres of land with world-class infrastructure and is expected to represent an investment of about $10 billion when gears into full action," said Romesh Wadhwani, chairman and chief executive of Symphony Technology Group and one of the round table organisers, at a press conference on Thursday. One of the major recommendations of the group including successful NRI businessmen is to create large investment regions on specific industries as similar models have successfully provided 30 million jobs in China over the past 20 years. While China has seven such regions, Singapore and Thailand has one each.
(Press Release)
16-Dec-05 
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