Govt plans to set up 3 new petrochemical investment regions.

Government is considering setting up three new petrochemical investment regions in the coastal areas of Karnataka, Maharashtra and West Bengal.

At present there are four such regions - Dahej in Gujarat, Paradeep in Odisha, Vishakhapatnam-Kakinada in Andhra Pradesh and Cuddalore-Nagapattinam in Tamil Nadu. So far they have received about Rs. 1.50 lakh crore of investment.

Government is looking to establish new petrochemical investment regions in the country, one each in Karnataka, Maharashtra and West Bengal, a source said.

A Petroleum, Chemicals and Petrochemicals Investment Region (PCPIR) is usually a delineated area of around 250 sq km for setting up manufacturing facilities for domestic and export led production.


TOI