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Ministry to present proposal for Cuddalore petrochem hub for Cabinet approval

March 05/2012
(plastemart) -- The Ministry of Chemicals and Fertilisers will present a proposal for setting up a Petroleum, Chemicals and Petrochemicals Investment Region near Cuddalore in two weeks.

Mr Jose Cyriac, Secretary, Department of Chemicals and petrochemicals, said that the Cuddalore PCPIR proposal has reached a stage where it could be presented to the Cabinet for approval. After the Cabinet approves it, Government of India would sanction the project, whereupon various agencies from the central and state governments would swing into action.

Spread over a 250 sq. km area around Cuddalore, the project will become a chemical and petrochemical hub. Officials of the Tamil Nadu government had previously told Business Line that the project envisaged total infrastructure spending of Rs 16,725 crore.

The only operational PCPIR in India is in Gujarat. The Centre has given its sanction to PCPIRs in three other States Ц Haldia (West Bengal), Paradeep (Orissa) and Visakhapatnam (Andhra Pradesh). Tamil Nadu's proposal is under consideration.


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Author:Anna Larionova
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Category:General News
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