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.

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