Home / Knowledge / News / Textiles / India not the only location for $1bn petrochemical project
India not the only location for $1bn petrochemical project
16
Nov '12
A UAE-based major polymer & petrochemical trading firm has evinced interest in setting up a petrochemical complex in any of the Petroleum, Chemicals and Petrochemicals Investment Region (PCPIR) across India.

At present, Uniplas Petrochemical Ltd is exploring the option of setting up a greenfield petrochemical complex in the PCPIR’s located either in Gujarat, Orissa or any other PCPIR, a top source in Department of Chemicals told fibre2fashion.

The trading company has indicated the same in a letter to the Department of Chemicals.  

The proposed plant is expected to have a capacity of 150 kilo tons per annum and will produce polymers & textile finishing chemicals and is estimated to cost around US $1 billion and also export a few specialty chemicals.

Alongside India, the company is also exploring other locations in China and other countries, the source revealed. A back of the envelope calculation indicates that a project of this size could provide direct and indirect employment for between 5,000-7,000 people.

“A competition has been created between various states to attract this investment, which eventually would lead the company to take a decision also based on the incentives on offer from each of the states”, the source informs.   

Speaking about the investments which PCPIRs have attracted till date, the source reveals, “As of date, no project has been finalised, but Gujarat has attracted a good number of proposals of which 1 or 2 are in the finalization stage, followed by Andhra Pradesh, Tamil Nadu, etc”. 

Fibre2fashion News Desk - India

Must ReadView All

Textiles | On 22nd Feb 2017

Bangladesh exporters want duty-free access to US, Brazil

Garment and apparel exporters of Bangladesh are seeking duty-free...

Textiles | On 22nd Feb 2017

India to produce 341 lakh bales cotton in 2016-17: CAI

The Cotton Association of India (CAI) has maintained in its January...

Textiles | On 22nd Feb 2017

'India to be self-sufficient in silk production by 2020'

Indian could be self-sufficient in silk production by the year 2020...

Interviews View All

Mandeep Nagi
Shades of India

Women value something that is unique and has a flavour of India

Manfred Mentges
Sedo Treepoint GmbH

We see a higher demand in colour management systems, as customers see big...

Dinaz Madhukar
DLF Emporio and DLF Promenade

‘Each event and promotion is planned out keeping in mind the business of...

Giorgio Mantovani
Corman S.p.A

Giorgio Mantovani, MD of Corman, with a presence in both Milano and New...

Eamonn Tighe
Nature Works LLC

Eamonn Tighe, Fibres and Nonwovens - Business Development Manager of...

Lynda Kelly
Suominen Corporation

Suominen Corporation is a manufacturer of nonwovens as roll goods for...

Ritu Kumar
Label Ritu Kumar

‘Classics will return’ "There are a lot of people wearing western clothes ...

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do that...

Yash P. Kotak
Bombay Hemp Company

One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH
February 2017

February 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search