2012-09-18 15:37:23 - PCPIRs Development in India - Necessary with the Rapid Growth in Petrochemicals Industry - a new market research report on companiesandmarkets.com
PCPIRs Development in India - Necessary with the Rapid Growth in Petrochemicals Industry - The petrochemicals industry in India has great growth potential. The industry witnessed strong demand in the last decade and this is expected to continue until 2015. However, the Indian petrochemicals industry is restricting investment due to a lack of associated infrastructure and the government support. To attract more investments in this sector and help the producers to achieve tax benefits, the Indian government had taken an initiative to introduce special investment regions, known as the Petroleum, Chemicals and Petrochemicals Investment Region (PCPIR). The main reason for incorporating these PCPIRs was not only to increase domestic production but also to augment the exports of petrochemicals.
PCPIRs set up by 2010 are in Dahej, Gujarat; Visakhapatnam, Andhra Pradesh; Paradip, Odisha and Haldia, West Bengal. The PCPIRs were constructed with the help of state-owned companies such as Oil and Natural Gas Corporation (ONGC), Hindustan Petroleum Corporation Limited (HPCL), Indian Oil Corporation (IOC), who are anchor companies for developing the PCPIR projects. The PCPIRs are built in specified land of around 250 square kilometers with regular feedstock availability, logistic services, and port, road, rail and airport connectivity.
- Analyses the importance of PCPIRs for Indian petrochemical industry
- Analyses the demand and production scenario of basic petrochemicals in India
- Details the advantages of PCPIRs
Reasons to buy
- Understand the importance of PCPIRs for Indian petrochemical industry
- Details demand and production scenario of basic petrochemicals in India
- Formulate strategies based on the current trends in the industry
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