Home / Knowledge / News / Textiles / Panipat's petro-chem hub to benefit polymer units in Northern states
Panipat's petro-chem hub to benefit polymer units in Northern states
02
Jan '09
Panipat, the ancient and historical city of Haryana, is all set to welcome the most prestigious project to become the petro chemical hub in North India.

Haryana State Industrial and Infrastructure Development Corporation (HSIIDC) along with Indian Oil Corporation Limited (IOCL) are working jointly on this proposal.

It is expected that with the completion of this project downstream industries, especially polymer-based units in the northern states, will be benefited the most.

Sources HSIIDC informed Fibre2fashion.com that a total of 4,000 acres of land is required for this project. However till now only 900 acres have been acquired.

Officials of HSIIDC are still working on issues like ownership rights, development model to adopt and procedure to follow. Total investment required for the project is Rs35 billion.

The HSIIDC further informed that currently IOCL is associated with them, however, in future they may get associated with any other organization depending on the progress of the project.

The new complex is likely to attract an investment of more than Rs150 billion. Besides providing employment to about 15,000 persons directly, it will also generate indirect job opportunities through ancillary units.

Fibre2fashion News Desk - India


Must ReadView All

UK publishes temporary tariff regime for no-deal Brexit

Apparel/Garments | On 19th Mar 2019

UK publishes temporary tariff regime for no-deal Brexit

The United Kingdom will avoid imposing tariffs on most imported goods ...

Pic: UN Environment

Apparel/Garments | On 19th Mar 2019

UN Alliance for Sustainable Fashion addresses fast fashion

The UN Alliance for Sustainable Fashion, launched recently at the UN...

Cotton arrival at Pak ginneries down 6.84% as on March 15

Textiles | On 19th Mar 2019

Cotton arrival at Pak ginneries down 6.84% as on March 15

Over 10.762 million bales of cotton have arrived in 2018-19 season at ...

Interviews View All

Top executives, Textile industry

Top executives
Textile industry

GST has levelled the playing field to an extent

Jurgen Gauger, Spreadshirt

Jurgen Gauger
Spreadshirt

‘Buying crowdsourced or creative designs are much more appealing to the...

Divyesh Mashruwala, Akshar Industries

Divyesh Mashruwala
Akshar Industries

Surat dominates foiling, embossing and pleating

Marcello Galvanin,

Marcello Galvanin

Galvanin has more than 50 years of experience in the production of textile ...

Sandip Bhojani, Manthan Patel,

Sandip Bhojani, Manthan Patel

Krypthm Tradelink LLP is a Surat-based manufacturer of westernwear....

Mario Ploner,

Mario Ploner

<div>Italian company Tecnomeccanica Biellese specialises in planning and...

S Ziya Gumuser, Teknomelt

S Ziya Gumuser
Teknomelt

Turkish nonwoven manufacturer Teknomelt has been around for only seven...

Justin Chan & Shyam Gollakota, University of Washington

Justin Chan & Shyam Gollakota
University of Washington

A fabric that can store data without any electronics or batteries has been ...

Giulio Cesareo, Directa Plus SpA

Giulio Cesareo
Directa Plus SpA

Established in 2005, Direct Plus SpA, is one of the largest producers and...

Karan Arora, Karan Arora

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

Joe Ikareth, Joe Ikareth

Joe Ikareth
Joe Ikareth

<b>Joe Ikareth</b> has a rock-solid fashion and textiles background, which ...

Akta Adani, India Boulevard

Akta Adani
India Boulevard

India Boulevard is a San Francisco-based curated fashion marketplace that...

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

Leave your Comments


March 2019

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

news category


Related Categories:

Advanced Search