Tamil Nadu PCPIR receives government support to the tune of Rs 5,120 crore

25-May-11

The newly approved Petroleum, Chemicals and Petrochemicals Investment Region for Tamil Nadu, set up at Cuddalore and Nagapattinam, has received government support of Rs 5,120 crore. This will be part of investments in external infrastructure of Rs 13,800 crore, and over and above an estimated investment of Rs 99,750 crore. This significant step comes at a time when the ministry is proposing additional government grants for the project to fasten the projects.