Taiwan co, Adani may join hands to set up Rs 400 bn petrochemical project

A MoU to be signed during Vibrant Gujarat summit next January

Gujarat is likely to see one of the largest foreign direct investments (FDI) in recent years with Taiwan's state-run petroleum major China Petroleum Corporation Taiwan (CPC Taiwan) set to come up with Rs 400 billion petrochemical park at the Mundra SEZ.

The Taiwan state-run major may set up the project in tie-up with Adani Group. "Talks are in final stage. An agreement in this regard is likely to be signed during the next Vibrant Gujarat summit. The project may require around 800 hectare of land," said a person close to the development. This comes close to the heels of Taiwan