You are here: Home » PTI Stories » National » News
Business Standard

Four petrochemical regions attract Rs 1.83 lakh cr investments, create 3 lakh jobs: Govt

Press Trust of India  |  New Delhi 

Around Rs 1.83 lakh crore has been invested and over 3 lakh people have been employed so far in four petrochemical investment regions being developed in Gujarat, Andhra Pradesh, Odisha and Tamil Nadu, the government said Thursday.

In an official statement, of State for & Fertilisers Mansukh L Mandaviya said of & petrochemicals has registered good progress by facilitating increased investments in Petroleum, and Petrochemical Investment Regions (PCPIRs) for boosting industrial development and employment generation.

Under the cluster-based development model, has identified four PCPIRs - in Gujarat, Andhra Pradesh, Odisha and that are in advanced stages of implementation.

"Upon completion, these PCPIRs will have an estimated investment of approximately Rs 8 lakh crore and are expected to generate employment for approximately 40 lakh people. So far, around Rs 1,83,000 crore have been invested in these PCPIRs and more than 3 lakh people have been employed," the was quoted as saying in the statement.

On the successful implementation of PCPIR in Gujarat, Mandaviya said (OPaL) has been established as the anchor unit at

As many as 170 industrial units are already functional, while over 830 units are in different stages of implementation at PCPIR Dahej, the said, adding that Rs 86,000 crore have been invested so far generating 1,32,000 jobs.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Thu, November 29 2018. 16:05 IST