Centre planning to rejig PCPIR policy: official

‘Visakhapatnam-Kakinada region has good investment potential’

Published - August 14, 2018 01:20 am IST - VISAKHAPATNAM

Union Secretary (Chemicals and Petrochemicals)  P. Raghavendra Rao at the ‘India Chem-2018’, in Visakhapatnam Monday.

Union Secretary (Chemicals and Petrochemicals) P. Raghavendra Rao at the ‘India Chem-2018’, in Visakhapatnam Monday.

The Centre is planning to revise the Petroleum, Chemicals and Petro-chemicals Industrial Region (PCPIR) policy with the involvement of all stakeholders, Union Secretary of the Department of Chemicals and Petrochemicals P. Raghavendra Rao has said.

Speaking at the ‘India Chem 2018 – Industry Meet’ organised by the FICCI with the support of Andhra Pradesh Chambers of Commerce and Industry Federation (APCCIF) here on Monday, he said the potential and investment opportunities in Andhra Pradesh, especially in the Visakhapatnam-Kakinada PCPIR region was very good, given its good connectivity by rail, road, sea and air ports to all places in the hinterland.

Global expo from Oct. 4

“The Department of Chemicals and Petrochemicals is conducting the India Chem-2018 and the tenth biennial international exhibition and conference in Mumbai from October 4 to 6,” he said.

The event will also showcase opportunities and government initiatives for sustained growth in the sector and provide a platform for investors, both domestic and international, and other stakeholders, he added.

APCCIF Vice-Chairman Sudhir said chemical industry in India was diversified and it was the mainstay of industrial and agricultural development of the country.

Visakhapatnam Urban Development Authority (VUDA) Vice-Chairman P. Basanth Kumar said that the VUDA was hand-holding the PCPIR project and sufficient land was available for the potential investors in the anchor units in this region.

Six SEZs are operating in the PCPIR region and the State government is providing all infrastructural facilities with external linkages supported by the Centre, he added.

0 / 0
Sign in to unlock member-only benefits!
  • Access 10 free stories every month
  • Save stories to read later
  • Access to comment on every story
  • Sign-up/manage your newsletter subscriptions with a single click
  • Get notified by email for early access to discounts & offers on our products
Sign in

Comments

Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.

We have migrated to a new commenting platform. If you are already a registered user of The Hindu and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.