Government is planning to setting up new petrochemical complexes near the 16 petroleum refineries in India.
The petrochemical industry is a sunrise industry having a size of Rs 6 lakh crore and there is a enormous possibilities to lift up its capacity largely, said by source.
Under the Petroleum, Chemicals and Petrochemical Investment Regions policy, the government had approved the setting up of four PCPIRs such as Vishakhapatnam in Andhra Pradesh, Dahej in Gujarat, Paradeep in Odisha and Cuddalore in Tamil Nadu.
