Published on June 14, 2018

Gujarat will witness one of the largest direct foreign investments by China Petroleum Corporation of Taiwan with an investment of Rs 400 billion along with Adani group. . "Talks are in final stage. An agreement in this regard is likely to be signed during the next Vibrant Gujarat summit. The project may require around 800 hectare of land," said a person close to the development. This comes close to the heels of Taiwan External Trade Development Council (TAITRA) chairman James Huang stating that Taiwanese companies should team up Indian majors to explore business opportunities. Adani Group and CPC Corp are in discussions to jointly build a petrochemical park in India's Mundra special economic zone. “This will be one of the largest foreign direct investments in Gujarat in recent years. The plant will produce products like ethylene and will also have a naphtha cracker unit.