India has great potential for 4-5 mega petrochemical complexes and can be a supplier to the entire South Asian region. Considering the domestic and international demand, petrochemicals has been identified as a potential product-mix. Six states - Andhra Pradesh, Gujarat, Karnataka, Maharashtra, Tamil Nadu and West Bengal - have already submitted proposals for planned mega chemical estates.
Tamil Nadu has suggested two sites to plan ventures, wherein the state shall have a major role. Special purpose vehicles involving public-private partnership will also be promoted. The investments are likely to run into thousands of crores of rupees. Thus large-scale foreign direct investment is also envisaged in these ventures. Infact the Sultanate of Oman has evinced interest in establishing a plastics technology training and development centre (PTTDC) under the administrative control of CIPET with total investment from the government of Sultanate of Oman and Oman Oil Company.
02-Jun-05 
{{comment.DateTimeStampDisplay}}
{{comment.Comments}}