• 9964432222
  • Mail Us
  • Appointment
  • Locate Us
  • Chat Now
  • Courses
  • Login
  • Register
Manifest IAS
JournalsOfIndia
Advertisement
  • Home
  • SNIPPETSfor Prelims
  • ARTICLESfor Mains
  • BROWSEBY SOURCE
  • DOWNLOADS
No Result
View All Result
  • Home
  • SNIPPETSfor Prelims
  • ARTICLESfor Mains
  • BROWSEBY SOURCE
  • DOWNLOADS
No Result
View All Result
JournalsOfIndia
No Result
View All Result
Home Economy

Petroleum, Chemical and Petrochemical Investment Regions (PCPIRs)

January 2, 2021
in Economy
Reading Time: 2 mins read
0
Petroleum, Chemical and Petrochemical Investment Regions (PCPIRs)
115
VIEWS
Share on WhatsAppShare on TelegramShare on Facebook

In news

New PCPIR Policy 2020-35 of Andra Pradesh moots central funding for infrastructure

About Petroleum, Chemical and Petrochemical Investment Regions (PCPIRs)

  • Four PCPIRs declared by Ministry of Chemicals and Fertilizers, Govt. of India under PCPIR Policy 2007 
  • At present, four Petrochemical Investment Regions (PCPIRs) policies are being implemented in the States of
    1. Andhra Pradesh (Vishakhapatnam)
    2. Gujarat (Dahej)
    3. Odisha (Paradeep) and 
    4. Tamil Nadu (Cuddalore and Nagapattinam) 
  • PCPIRs are being implemented to promote investment and industrial development in these sectors.
  • Once fully established, these four PCPIRs are expected to attract investment of around Rs. 7.63 lakh crore. 
  • As per data available from State Governments, investments worth Rs. 2.12 lakh crore approximately have been made / committed in these regions. 
  • The four PCPIRs are expected to generate employment for around 33.83 lakh persons. Around 3.50 lakh persons have been employed in direct and indirect activities related to PCPIRs. 
  • PCPIRs promotes the Petroleum, Chemical and Petrochemical sectors in an integrated and environmental friendly manner on a large scale. 
  • PCPIRs are envisioned with high-class common infrastructure and support services to provide a competitive environment conducive for setting up businesses.

 Challenges 

However, due to a wide range of issues (ranging from overall infrastructure development to project financing), attracting investment to Vishakhapatnam, Paradip and Cuddalore has been relatively challenging in comparison to Dahej. Considering the overall scenario, the Government has now planned for policy interventions to rejuvenate investment in PCPIRs.

Source: PIB
Tags: Prelims

Related Posts

G-sec Acquisition Programme (G-SAP 1.0)

G-sec Acquisition Programme (G-SAP 1.0)

April 9, 2021
Copyright (Amendment) rules, 2021

Copyright (Amendment) rules, 2021

April 9, 2021
Indian energy exchange (IEX)

Indian energy exchange (IEX)

April 9, 2021
Jute and Bamboo Industry

Jute and Bamboo Industry

April 8, 2021
Production-Linked incentive Scheme for White goods and high efficiency Solar Photovoltaic Modules

Production-Linked incentive Scheme for White goods and high efficiency Solar Photovoltaic Modules

April 8, 2021
Opium Cultivation in India

Opium Cultivation in India

April 8, 2021
Accommodative Monetary Policy

Accommodative Monetary Policy

April 8, 2021
Special Liquidity Facility

Special Liquidity Facility

April 8, 2021
Lead Bank Scheme

Lead Bank Scheme

April 8, 2021
Digi Yatra Initiative

Digi Yatra Initiative

April 8, 2021
Please login to join discussion
JournalsOfIndia

Our vision is to orient the readers to grasp the facts objectively and analyse critically. In the rush of reaching first to the readers, the websites miss the balanced opinion, which is the need of the hour. We aim to reach the readers with more crispness, preciseness and relevance. We bring the articles in UPSC way for the civil services aspirants and the Wisest Way for general readers.

Categories

  • Agriculture
  • Disaster Management
  • Economy
  • Environment
  • Ethics
  • Foreign Affairs
  • Geography
  • Governance
  • History
  • Law & Policy
  • Opinion
  • People in News
  • Places in News
  • Science & Tech
  • Security
  • Society
  • Uncategorized

Browse by Tag

AIR Down to Earth GS-1 GS-2 GS-3 GS-4 India & the world Kurukshetra Mains news News Paper PIB Prelims PRS India RSTV Science Reporter Survey Yojana

Newsletter

The most important UPSC news and events of the day.

Get Journals daily newsletter on your inbox.

© 2020 JournalsOfIndia - A free initiative by Manifest Team.

  • Login
  • Sign Up
  • Home
  • SNIPPETS
  • ARTICLES
  • BROWSE
  • DOWNLOADS
No Result
View All Result

© 2020 JournalsOfIndia - A free initiative by Manifest Team.

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In