Committee of Secretaries approves 5th PCPIR project

The Committee of Secretaries has approved the fifth Petroleum, Chemicals and Petrochemical Investment Region (PCPIR), one of the most ambitious and gigantic projects of the ministry of chemicals and fertilisers, in Cuddalore, Tamil Nadu, reports CNBC-TV18.

April 28, 2011 / 21:57 IST

The Committee of Secretaries has approved the fifth Petroleum, Chemicals and Petrochemical Investment Region (PCPIR), one of the most ambitious and gigantic projects of the ministry of chemicals and fertilisers, in Cuddalore, Tamil Nadu, reports CNBC-TV18.

The PCPIR project is set to attract investment of nearly Rs 1 lakh crore. Infrastructure spend on the project will be around Rs 13,725 crore.

The project will go to the Cabinet Committee on Economic Affairs (CCEA) for approval. Four PCPIRs are already notified by the government in Gujarat, West Bengal, Orissa, and Andhra Pradesh.

first published: Apr 28, 2011 09:44 pm

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