PCPIR policy gets nod
By TNN |
Highlights
NEW DELHI: After a long wait, the
policy on petroleum, chemicals and petrochemicals investment regions (PCPIRs) is
finally here. The Cabinet Committee of Economic Affairs(CCEA)on Thursday gave
its approval to the policy that aims to promote investment in petroleum,
chemicals and petrochemicals by creating investment regions with suitable
infrastructure.
“The policy aims at making the country an important hub for both domestic and international markets,” finance minister P Chidambaram said after the CCEA meeting. He added that such regions would boost manufacturing, augment exports and generate employment. No more than five PCPIRs will be set up under the policy. “Further details of the policy will be disclosed by the chemicals and petrochemicals ministry,” Mr Chidambaram said.
The CCEA also considered the much-awaited national policy on biofuels and creation of the National Biofuel Development Board but did not finalise any decision. Both proposals have been referred to a group of ministers for further examination.
“The policy aims at making the country an important hub for both domestic and international markets,” finance minister P Chidambaram said after the CCEA meeting. He added that such regions would boost manufacturing, augment exports and generate employment. No more than five PCPIRs will be set up under the policy. “Further details of the policy will be disclosed by the chemicals and petrochemicals ministry,” Mr Chidambaram said.
The CCEA also considered the much-awaited national policy on biofuels and creation of the National Biofuel Development Board but did not finalise any decision. Both proposals have been referred to a group of ministers for further examination.
NEW DELHI: After a long wait, the policy on petroleum, chemicals and petrochemicals investment regions (PCPIRs) is finally here. The Cabinet Committee of Economic Affairs(CCEA)on Thursday gave its approval to the policy that aims to promote investment in petroleum, chemicals and petrochemicals by creating investment regions with suitable infrastructure.
“The policy aims at making the country an important hub for both domestic and international markets,” finance minister P Chidambaram said after the CCEA meeting. He added that such regions would boost manufacturing, augment exports and generate employment. No more than five PCPIRs will be set up under the policy. “Further details of the policy will be disclosed by the chemicals and petrochemicals ministry,” Mr Chidambaram said.
The CCEA also considered the much-awaited national policy on biofuels and creation of the National Biofuel Development Board but did not finalise any decision. Both proposals have been referred to a group of ministers for further examination.
“The policy aims at making the country an important hub for both domestic and international markets,” finance minister P Chidambaram said after the CCEA meeting. He added that such regions would boost manufacturing, augment exports and generate employment. No more than five PCPIRs will be set up under the policy. “Further details of the policy will be disclosed by the chemicals and petrochemicals ministry,” Mr Chidambaram said.
The CCEA also considered the much-awaited national policy on biofuels and creation of the National Biofuel Development Board but did not finalise any decision. Both proposals have been referred to a group of ministers for further examination.
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