Paradip Port expansion to boost PCPIR

The stake of the proposed Petroleum, Chemical and Petrochemical Investment Regions (PCPIR) is most likely to improve with the expansion plans of the Paradip Port, which has an investment potential of over Rs 450 billion. Four PCPIRs are coming up at Paradip, Dahej (Gujarat), Visakhapatnam–Kakinada (Andhra Pradesh) and Cuddalore Nagapattinam (Tamil Nadu) as per the Union Ministry of Chemicals and Fertilisers’ recent analysis. Paradip would have the most advanced greenfield PCPIR with a total area of 284 sq km and processing area of 123 sq km. The drafted master plan for the proposed PCPIR has been prepared and Environmental Impact Assessment (EIA) initiated. Also, the massive expansion of the Paradip Port would attract more investors.