Centre to set up PCPIR hubs worth Rs 60000 crore

Kolkata, Jan 16 (UNI) The Centre will set up Petrochemicals, Pharmaceuticals Investment and Research (PCPIR) hub in various regions across the country, which will attract investments worth more than Rs 60,000 crores, Union minister of Chemicals, Fertilisers and Steel Ram Vilas Paswan said here today.

The proposal of the setting up of PCPIR had been approved by a Group of Ministers (GOM) yesterday and would be placed in the cabinet soon, Mr Paswan said.

Speaking at a press conference on the revival of Bengal Chemicals and Pharmaceuticals Limited, the minister said Haldia had been shortlisted as one of the future destinations of PCPIR.

Several other states like Gujarat, Karnataka and Tamil Nadu have also shown interest for the setting up of PCPIRs.

PCPIR would house refineries, fertilisers, chemical units, cracker units, pharma industries and all other facilities including social infrastructure needed for petroleum.

'' The Centre will work as a facilitator and develop the necessary infrastructure. It will also invest Rs 4000 crore for a single PCPIR,'' Mr Paswan said.

UNI