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 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. In March 2007, the Cabinet Committee on Economic Affairs had approved the proposal to set up PCPIRs.
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