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

Courtesy: India ITME

Textiles | On 8th Dec 2016

Industry needs to create 1cr jobs in 3yrs: Kavita Gupta

Sharing several initiatives laid out by the government in R&D,...

Textiles | On 8th Dec 2016

Package will boost made-ups sector: SIMA

The reforms package approved by the Union Cabinet to boost employment ...

Textiles | On 8th Dec 2016

Cabinet okays reforms to boost jobs in made-ups sector

The Union Cabinet chaired by prime minister Narendra Modi has given...

Interviews View All

Nuno Venda

‘There has been an increase in demand for water based inks, rather than...

Shawn Honeycutt
Bolger & O'Hearn

‘The Indian market is interesting and rather persistent in seeking new...

Rashi Menda

Every fifth sale we make on Zapyle is a repeat purchase

Johan Berlin
InvestKonsult Sweden AB

Investkonsult Sweden AB has been buying and selling second-hand textile...

Kai Poehler
Voith Paper GmbH & Co. KG

The glass mat industry is growing by five to eight per cent annually. Kai...

Lynda Kelly
Suominen Corporation

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

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer Prathyusha Garimella is known for blending...

Ritu Kumar
Label Ritu Kumar

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

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

December 2016

December 2016

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


Browse Our Archives


Advanced Search