India Development News & Foreign Investment Opportunities

PCPIRs’ Rs.7.63lakh crore investments

Parliament updated on projects Parliament updated on projects Parliament updated on projects

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Parliament updated on projects

 

ONGC2
ONGC.

The Petroleum, Chemical and Petrochemical Investment Regions (PCPIRs) projects is projected at Rs.7.63 lakh crore, Minister of State for Planning and Chemicals & Fertilizers, Rao Inderjit Singh, has told parliament.

As per Detailed Project Reports (DPRs), the projected investment on full realization of PCPIRs is Rs. 7.63 lakh crore with employment for around 33.96 lakh persons, direct and indirect, he said in a written reply to the house on 31 July 2018.

A PCPIR is a specifically delineated investment region with an area of around 250 square kilometers. The actual notified area in respect of the four PCPIRs namely Dahej (Gujarat), Vishakhapatnam–Kakinada (Andhra Pradesh), Paradeep (Odisha) and Cuddalore and Nagapattinam (Tamil Nadu) is as follows:

Dahej, Gujarat, 453.00 sq km.
Vishakhapatnam–Kakinada, Andhra Pradesh, 640.00 sq km.
Paradeep, Odisha, 284.15 sq km.
Cuddalore and Nagapattinam, Tamil Nadu, 256.83 sq km.

Singh gave an updated on the progress made and implementation status of the above projects as:

Dahej PCPIR: The development plan has been sanctioned and Environment and Coastal Region Zone Clearance granted by Ministry of Environment, Forests and Climate Change for Dahej PCPIR on 14.09.2017. The actual investment (made/committed) in Gujarat PCPIR is Rs.85,928 crore and actual employment for 1.32 lakh persons generated. The anchor tenant project i.e. ONGC Petro additions Limited (OPaL)’s cracker stands commissioned since March 2017.

Andhra Pradesh PCPIR: Draft Master Plan has been completed and published and draft Environmental Impact Assessment Study stands completed. The actual investment (made/committed) in Andhra Pradesh PCPIR is Rs.43,744 crore and actual employment for 1.11 lakh persons generated.

Paradeep PCPIR: The draft Master Plan has been prepared and Environmental Impact Assessment (EIA) initiated. The actual investment (made/committed) in Paradeep PCPIR is Rs.45,000 crore and actual employment for 38,000 persons generated. The anchor project i.e. Indian Oil Corporation Limited (IOCL)’s refinery stands commissioned since February 2016.

Tamil Nadu PCPIR: Upon completion of the Districts level Notification process, the final Notification of the Tamil Nadu PCPIR has been issued by Government of Tamil Nadu on 20.6.2017 notifying the delineated PCPIR area in the Cuddalore and Nagapattinam Districts as a Local Planning Area, under Tamil Nadu Town and Country Planning Act 1971. The actual investment (made/committed) in Tamil Nadu PCPIR is Rs.8,100 crore and actual employment for 13,950 persons generated.

Singh said the Central Government’s role includes granting approval for establishment of PCPIR, ensuring the availability of external physical infrastructure linkages to the PCPIR and supporting the State Governments concerned in promoting domestic and global investment in the PCPIR.

The State Government has to play the lead role in setting up of the PCPIR. This includes preparation of the proposal and seeking approval for establishment of PCPIR, providing requisite infrastructure like power connectivity, water requirement, road connectivity, sewerage & effluent treatment linkages and constitution of a Management Board for development and management of the PCPIR. fiinews.com

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