An initiative to attract vast investments in the petrochem sector by creating special investment regions, backed by an appropriate policy framework, has been initiated by India's Prime Minister.
To facilitate the process and enable quick and co-ordinated decision-making, a task force on Petroleum, Chemicals and Petrochemicals Investment Regions (PCPIR) has been formed. The task force will assist, expedite and monitor various activities involved, including preparation of master plan. The task force would also facilitate single window clearance for necessary approvals and will examine existing Government policies. Such policies and measures will be adopted that will include feedstock policy and related issues of availability and pricing. The task force would also identify, in consultation with interested State governments, the site(s) for the proposed PCPIRs. Members of the task force include Member Secretary, Planning Commission, Secretaries of Department of Chemicals and Petrochemicals, Petroleum and Natural Gas, Industrial Policy & Promotion, Commerce, Economic Affairs, and Revenue.
The PCPIR would expedite the necessary clearances, upgradation and connectivity, including the SEZ clearance for the designated area, infrastructural facilities, various environmental clearances, and Foreign Investment Promotion Board (FIPB) clearances, etc.
27-Jan-06 
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