Department of Chemicals and Petrochemicals implements the PCPIR Policy

Q.  Department of Chemicals and Petrochemicals, Ministry of Chemicals and Petrochemicals has implemented which policy?
- Published on 01 Aug 16

a. PCPIR policy
b. PKPIR policy
c. PCPIC policy
d. None of the above

ANSWER: PCPIR policy
 
Department of Chemicals and Petrochemicals, Ministry of Chemicals and Petrochemicals is implementing the Petroleum Chemical and Petrochemical Investment Region policy to promote investments, boost manufacturing and generate employment.
  • Considerable investments by upstream Anchor Units in the Refinery and Cracker segments are envisioned to lead to other investments in the chemical and petrochemical downstream sectors and ancillary industries.
  • GoI have approved the establishment of 4 PCPIRs namely the following:
    1. Dahej (Gujarat)
    2. Paradeep (Odisha)
    3. Cuddalore-Nagapttinam (Tamil Nadu)
    4. Vishakapatnam-Kakinada (Andhra Pradesh)

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