India Launches Program to CreatePetchem Investment Regions

The Indian government released details last week of a previously announced policy to create petroleum, chemicals, and petrochemical investment regions (PCPIR) throughout India (CW, March 28, p. 15). One of the main aims of the policy is to attract big investments from overseas. PCPIRs will be designated investment zones, typically with a surface area of around 250 sq km, featuring petroleum, chemicals, and petchem plants, as well as utilities and infrastructure facilities. Each PCPIR will comprise a processing area, where the manufacturing facilities and required...

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