Home / Knowledge / News / Textiles / Gujarat to speed up development of petrochemical hub
Gujarat to speed up development of petrochemical hub
Oct '10
The Gujarat Government has resolved to speed up the establishment work of the Petroleum, Chemical and Petrochemical Investment Region (PCPIR) at Dahej.

Expediting the Union Government's target to draw investments worth US $20 billion in the PCPIR by 2020, the Gujarat Government has decided to attain this target by 2015, and to grow these investments to two fold in the next five years after 2015.

Maheshwar Sahu, Principal Secretary of the Industries Department, who divulged above information while speaking at a conference on 'Gujarat: The petrochemical hub', organized by ASSOCHAM stated that, the preliminary work in respect of PCPIR in Dahej has been concluded.

He further stated that, preliminary work on an area of 453 sq km in the region has been completed, and added that, Rs. 32 billion have been allocated for investing in infrastructure development, while another Rs. 700 billion have been allocated for investing in other establishments.

The official while guaranteeing cent percent support from side of government said that, over the last few years Gujarat has completely transformed itself into a powerful State with a capability to compete with developed countries.

ASSOCHAM proposed that the two main aspects on which the success of PCPIR is dependent include, allowing 100 percent FDI in PCPIR and setting up a chain of Special Economic Zones (SEZs).

Secretary General of ASSOCHAM, D S Rawat stated that, improved refining capacity has added to availability of naphtha, which has persuaded the petrochemical giants to launch major downstream expansion in naphtha crackers.

Also the growth rate of petrochemical capacity which for the last five years, hovered around three to four percent per year, is likely to rise by four times to touch 12 to 15 percent per annum in coming five to seven years.

Fibre2fashion News Desk - India

Must ReadView All

Apparel/Garments | On 25th Jun 2017

Half of 7,000 new apparel online each day target women

Adobe has released its first Digital Price Index for apparels,...

Textiles | On 25th Jun 2017

First Insight, Chico's FAS enter partnership

First Insight, a technology company transforming how retailers make...

Apparel/Garments | On 25th Jun 2017

Expand changing use of social and web resources

With over 400 million impressions to date and web traffic of over two ...

Interviews View All

C. Dhandayuthapani
Mag Solvics Pvt. Ltd

ITME 2016 exploited our full strength like never before

Anavila Misra
Anavila Collection

Fashion shows are also encouraging and highlighting sustainable fashion

Karan Suratwala
Key Textile Accessories Private Limited

Chinese imports are destroying the supply chain

Marcel Alberts

Coating at a fibre level is a practice not usually seen in the...

Paolo Ocleppo
Sandvik Hyperion

Paolo Ocleppo, Rotary Cutting Segment manager, Sandvik Hyperion discusses...

Giorgio Mantovani
Corman S.p.A

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

Yash P. Kotak
Bombay Hemp Company

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

Aditi Somani
Aditi Somani

Aditi Somani specialises in luxury fusion wear with international cuts and ...

Bani Batra

Bani Batra’s couture wedding collection is inspired by traditional Indian...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies


news category

Related Categories:
June 2017

June 2017

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


Browse Our Archives


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search