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Ram Vilas Paswan unveils PCPIRs policy image

May '07
The Minister for Chemicals and Fertilisers and Steel Shri Ram Vilas Paswan has said, the new policy on Petroleum, Chemicals and Petrochemical Investment Regions (PCPIRs) will transform India's image in the sector to scale greater heights. He was speaking after releasing the policy.

Shri Paswan said, apart from helping the overall development of the region, the PCPIRs will help in generating employment. It will give a thrust to industrialization in the regions by way of setting up of down-stream units. This in turn, he said, will lead to development of socio-economic infrastructure in the areas in and around the regions.

The Minister said, the role of state governments will be in providing the physical infrastructure and utilities linkages under its jurisdiction. While doing so, the state governments should ensure that the rehabilitation policy for the families likely to be displaced should be humane.

Shri Paswan said, it will be the government's effort to ensure that the land owner gets his due, while at the same time the process of land transfer, being a complex issue, is between the private developer and the land owner directly, as far as possible. Later talking to newsmen, Shri Paswan said, the first PCPIR will come up by the year-end.

The PCPIRs would be specifically delineated investment regions with and area of around 250 square kilometers for manufacturing facilities for domestic and export led production in petroleum, chemicals and petrochemicals along with associated services and infrastructure. They may include one or more Special Economic Zones, Industrial Parks, Free Trade and Warehousing Zones, Export Oriented Units or Growth Centres duly notified under the relevant central or state legislation policy. Each PCPIR will have a refinery/petrochemical feedstock company as an anchor tenant.

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