After West Bengal state's chemical hub project was derailed following an unrest in Nandigram over farmland acquisition, the West Bengal government has proposed Nayachar island on the Hooghly river, off Haldia, as the new location. Nayachar would be connected to Haldia with a bridge and seems to be a feasible option as it comprises 11,000 acres of land government land. The proposed chemical hub would require around 10,000 acres.
Once the Congress arrives at a decision, New Kolkata International Development (NKID), a company promoted by the Indonesia-based Salim group, would conduct the feasibility study in the area. The chemical hub project is a 50:50 joint venture between NKID and West Bengal Industrial Development Corporation (WBIDC). The state government will send a proposal to the Centre for the petroleum, chemical, petrochemical investment region (PCPIR). To get the PCPIR status according to the Centre's guidelines, the existing petrochemical plants like HPL, Mitsubishi and South Asian Petrochem would be included in the region.
06-Sep-07 
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