India Okays Plan to Create Chemical Regions

The Indian government recently approved a policy to establish Petroleum, Chemical, and Petrochemical Investment Regions (PCPIR) throughout the country. The purpose of the investment regions is to encourage investment from overseas in India’s petroleum, chemical, and petrochemical sectors, as a means of accelerating economic growth. Each PCPIR will cover an area of about 250 sq km and be a combined location for manufacturing projects, utilities, logistics facilities, environmental protection operations, residential areas, and administrative services. The...

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