The government is planning to revive and further develop the four Petroleum, Chemicals and Petrochemicals Investment Regions (PCPIR), which failed to take off as envisaged to match similar international petrochemical hubs. The four hubs are at Dahej (Gujarat), Vishakhapatnam (Andhra Pradesh), Paradip (Odisha) and Cuddalore (Tamil Nadu). However, due to a wide range of issues (ranging from overall infrastructure development to project financing), attracting investment to Vizag, Paradip and Cuddalore has been relatively challenging in comparison to Dahej. The envisaged PCPIRs could not take off as global manufacturing hubs due to issues like lack of investment, infrastructure bottlenecks, land acquisition issues and limited planning, observed the report. Considering the overall scenario, the government has now planned for policy interventions to rejuvenate investment in PCPIRs.
