Tag Archives | PCPIR

Empty promises

The 100-day fever is fast spreading and the Ministry of Chemicals & Fertilisers is the latest casualty. A very bland press release outlining what the ministry plans to achieve over the next three months has come my way. I started reading the release with a great deal of scepticism and was convinced at the end […]

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Will a new broom sweep clean?

It is good to be back to some good news. The election is finally over and the UPA has been voted back to power with promises of stability and more reforms. But the chemicals industry will have to deal with a new minister as Ram Vilas Paswan was not be voted back to parliament. This […]

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Getting off the starting block

So the government has finally approved three Petroleum, Chemical and Petrochemical Investment Regions (PCPIRs). Now comes the difficult part. Who is going to undertake mega investments at a time at a time when the global economic outlook is uncertain, demand for key chemicals has crumbled and not many are willing to stick their neck out […]

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Singur saga spells trouble for India investments

I have yet to meet anyone who has not expressed disappointment at the drama unfolding outside Tata Motor’s Nano plant site in Singur at West Bengal. They also concur that the episode will have serious implications for large investments in India. Violent protests have forced Tata Motors to halt construction and withdraw its employees. It […]

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Two steps forward, one step back

It is difficult to imagine this happening in any other country except India. After lobbying hard with the central government to secure the right to develop a Petroleum, Chemicals and Petrochemicals Investment Region (PCPIR) at Mangalore, the Karnataka government is likely to withdraw its application. A final decision is likely to be taken at the […]

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NIMBY gains ground

An interesting comment has been posted on the proposed SEZ and PCPIR in Mangalore. Ramesh argues against any chemical investment in Mangalore as it is an ecologically sensitive area. He also refers to a recent article in The Hindu which refers to an alleged oil leak from an MRPL facility in Mangalore that has contaminated […]

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IOC invited to Nayachar

I have found the answer to my question in last week’s posting on the proposed chemical hub at Nayachar, West Bengal. I had wondered which public sector company would be targeted by the West Bengal government for investment at Nayachar. According to The Telegraph, Indian Oil Corp (IOC) has been invited to set up shop. […]

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Chemical hubs: A distant dream?

I have always been a little sceptical about the Indian government’s plans to build mega chemical hubs across the country. And recent reports have only reinforced some of my doubts. Not only will the scale of these projects be challenging but getting land and convincing the local people on the long-term economic benefits of these […]

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Kakinada revisited

A few months back I had referred to an article in the Indian press which raised doubts on the economic viability of ONGC’s refinery and petrochemicals project at Kakinada, Andhra Pradesh. A few readers have posted comments arguing that the project is good for the local economy and should go ahead. I have no doubts […]

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PO surplus set to continue

Despite India’s stellar economic performance there are signs that the country’s polyolefin surplus will not disappear very soon. In a presentation at last week’s Asian Chemical and Petrochemical Conference, Raj Datta of Haldia Petrochemicals Ltd drew out three scenarios. In the first case, India would have a surplus of 2m tonnes of polyethylene (PE) and […]

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