India Development News & Foreign Investment Opportunities

Govt expects Rs.7.62 lakh crore in four PCPIRs

Two plastics parks approved

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Approved: two plastics parks

 

Gujarat PCPIR.
Gujarat PCPIR.

The Government is expecting Rs.7.62 lakh crore investments in its four Petroleum, Chemicals and Petrochemical Investment Regions (PCPIRs) at Dahej (Gujarat), Vishakhapatnam–Kakinada (Andhra Pradesh), Paradeep (Odisha) and Cuddalore- Nagapattinam (Tamil Nadu).

These PCPIRs are at different stage of implementation, said the Ministry of Chemicals and Fertilizers in an industry update on 8 Jan 2019.

It said HPCL-GAIL has completed feasibility study for 1.0 MMTPA cracker-cum-petrochemical complex at Kakinada PCPIR.

Ministry of Environment, Forest and Climate Change has granted Environment and Coastal Region Zone (CRZ) clearance on 14.09.2017 for an area of 44,445.18 hectare excluding forest land of 853.41 hectare for development of Gujarat PCPIR.

Master Plan for Gujarat PCPIR has been completed while the Master Plans for Odisha PCPIR and AP PCPIR are underway.

Tamil Nadu PCPIR region has notified by the State Government.

Two new Plastic Parks in the States of Jharkhand and Madhya Pradesh (Bilaua) have been approved by the Scheme Steering Committee, under the Chairmanship of Secretary (C&PC) during its meeting held on 5 Dec 2018.

A Committee co-chaired by Secretary (Petroleum) and Secretary (Chemicals and Petrochemicals) has been constituted to examine the issue of petrochemical demand and supply over next 15 to 20 years and to recommend policy options to the Government including recommendations regarding amendments to the existing PCPIR Policy of the Government.

Meanwhile, the Ministry has also given an update on the Central Institute of Plastic Engineering & Technology (CIPET).

It said CIPET focuses on ‘STAR’ – Skill Development, Technology Support Services, Academic and Research in all the domains of Polymer Science & Technology.

Presently, 32 centres of CIPET functional across the country and 7 more are in pipeline.

The Foundation Stone of CIPET, Centre for Skilling and Technical Support (CSTS), at Chandrapur was laid on 11 November 2018.

An Advanced Polymer Design and Development Research Laboratory (APDDRL) is being set up at Bengaluru for R&D in key areas of polymeric applications in defence, healthcare, solar energy, e-waste recycling etc.

CIPET has also tied-up with various Public Sector Units (PSUs) and industries for indigenization of plastics products, technology solutions, R&D with focus on “MAKE IN INDIA” such as Defense, marine & industrial applications.

During 2018-19 (up to Nov, 2018), CIPET has trained 28,774 students through Long Term Skill Development Programmes and Short Term Skill Development Programmes. CIPET also rendered around 50,118 (upto Nov, 2018-19) Technology Support Service assignments / job works for plastics industries. fiinews.com

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