The policy on petroleum, chemicals and petrochemicals investment regions (PCPIRs) has been approved by the Cabinet Committee of Economic Affairs(CCEA). . No more than five PCPIRs will be set up under the policy.
The policy aims to promote investment in petroleum, chemicals and petrochemicals by creating investment regions with suitable infrastructure, thereby making India an important hub for both domestic and international markets. The PCPIRs will boost manufacturing, augment exports and generate employment.
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