India states in running to become petchems hubs

18 April 2008 15:39  [Source: ICIS news]

MUMBAI (ICIS news)--India’s Andhra Pradesh and Gujarat states cleared the first stage of approval to become a dedicated petroleum, chemical and petrochemical investment region (PCPIR), a senior official said on Friday.

“We submitted our proposals for the PCPIR and it has passed initial scrutiny by the Department of Chemical and Petrochemicals, they sent us certain queries to which we have replied,” he said.

The decision of the high committee meeting was pending and was expected by the second week of May, the unnamed official added..

After that stage, the cabinet committee on economic affairs would review the plan following which the approval orders would be sent to the respective state governments, he said.

The proposals to create PCPIRs at Vizag in Andhra and Dahej in Gujarat had reached the department last November.

The proposals regarding Karnataka, Orissa and West Bengal states were also sent and are also being reviewed.

The PCPIRs are part of a multi-billion dollar plan to create petrochemicals hubs in the country.

By: Isha Jha
+65 6780 4359

For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial to ICIS news - the breaking online news service for the global chemical industry.

Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free trial to ICIS Chemical Business.

Printer Friendly