Setting up of Petroleum, Chemicals and Petrochemical investment Regions

The Government of India has approved setting up four Petroleum, Chemicals and Petrochemical Investment Regions (PCPIRs) in the States of Andhra Pradesh (Vishakhapatnam - Kakinada), Gujarat (Dahej), Odisha (Paradeep) and Tamil Nadu (Cuddalore - Nagapattinam). These PCPIRs are at different stages of implementation. As per PCPIR Policy 2007, PCPIRs are infrastructure driven projects wherein Government of India provides support for development of external physical infrastructure linkages e.g. rail, road, port, airport, telecom through Viability Gap Funding (VGF). Budgetary allocation may also be provided wherever required. As per the approvals of Cabinet Committee on Economic Affairs (CCEA), VGF support of Rs. 80.50 crore for Gujarat, Rs. 716 crore for Odisha, Rs. 1206.80 crore for Andhra Pradesh and Rs. 1146 crore for Tamil Nadu has been approved for different infrastructure projects. Rs. 1500 crore have been approved as budgetary support for Tamil Nadu. No VGF funding has been released to any of the State so far. PCPIRs are the projects with long gestation period and may take around 15-20 years to achieve full potential.