Matters concerned with Environment

Thursday, December 9, 2010

Petroleum Chemicals and Petrochemicals Investment Region or PCPIR in Paradeep Orissa

CCEA Clears A Proposal To Set Up PCPIR Region In Orissa
(RTTNews) - The Cabinet Committee on Economic Affairs or CCEA has approved a proposal of the Government of Orissa to set up a Petroleum Chemicals and Petrochemicals Investment Region or PCPIR in Paradeep, to attract an investment of Rs.277,734 crore, which includes a committed investment of Rs.29.777 crore.

The Government of Orissa proposes to set up a PCPIR at Paradeep extending over parts of Kujang and Ersama blocks of Jagatsinghpur district and Mahakalpada and Marsaghai blocks of Kendrapara district. This is the fourth PCPIR which has been approved after PCPIRs in Andhra Pradesh, Gujarat and West Bengal.

The proposal envisages development of physical infrastructure such as roads, rail, air links, ports, water supply, power etc. at a cost of Rs.13,634 crore under Public Private Partnerships to the extent possible and Central Government will provide the necessary Viability Gap Funding (VGF). Accordingly, Orissa government has sought support from Government of India involving a commitment Rs.716 crore on account of VGF funding for one port and three road-related projects.

The total employment generation from the OPCPIR is expected to be around 6.48 lakh persons comprising direct employment to 2.27 lakh persons.

The PCPIR policy is a window to ensure the adoption of a holistic approach to the development of global scale industrial clusters in the petroleum, chemical and petrochemical sectors in an integrated and environment friendly manner. The idea is to ensure the setting up of industrial estates in a planned manner with a view to achieve synergies and for value added manufacturing, research and development.

The State Government proposes to constitute the Greater Orissa Paradeep Development Authority, as the authority in-charge of the development of the Paradeep PCPIR. ...............................

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