The government lends a helping hand
Several initiatives are being undertaken by the Ministry of Chemicals & Fertilisers and Department of Chemicals & Petrochemicals to sustain the high growth being recorded by the chemical, petrochemical and petroleum industry in India over the last few years. As recorded by a recent CII press release, this industry already attracts investment worth US$ 60bn.
As an endeavour to make the chemical industry more attractive in order to draw increased investments — both domestic and foreign — integrated Petroleum, Chemicals and Petrochemical Investment Regions (PCPIRs) are being steadily established in India.
In fact, the President of Indian Pratibha Devisingh Patel, during her inaugural address at India Chem 2010 asserted that PCPIRs should be set up in the states of Andhra Pradesh, West Bengal and Gujarat, which boast of thriving chemical industries.
With an aim to provide world-class infrastructure, upgraded technological support, better networking opportunities and competitive business environment, PCPIRs help in boosting chemical manufacturing in the country. Such initiatives are sure to go a long way in increasing production of chemicals for both domestic use and export purposes.
The government is also putting in concerted efforts to improve connectivity via rail, road, air and port to the PCPIRs by upgrading infrastructural facilities following a publicprivate partnership model.
To achieve this target, budgetary allocations are also being made. In order to ensure proper information dissemination to and from the PCPIRs, upgraded telecom infrastructural facilities are being set up.
This article is protected by copyright. You want to use it for your own purpose? Contact us via: support.vogel.de/ (ID: 25804940 / Business & Economics)