Rajasthan presented its PCPIR as optimum investment destination at India Chem 2021

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Rajasthan presented its PCPIR as optimum investment destination at India Chem 2021. The Petrochemical and Petroleum Investment Region being developed in Rajasthan drew attention of investors at country’s largest chemical and petrochemical event, India Chem 2021. Organised jointly by the
Government of India’s Department of Chemicals and Fertilizers and  Federation of Indian Chambers of Commerce and Industry (FICCI) the three day international conference and exhibition witnessed participation from various state governments along with Indian and multinational industries from the diverse sector.

During the event apex industrial development agency of Rajasthan Government, the Rajasthan State Industrial Development and Investment Corporation (RIICO) presented the upcoming Petrochemical and Petroleum Investment Region (PCPIR) as an optimum investment location for the rising sector.

The PCPIR is being developed near the upcoming HPCL Rajasthan Refinery in Barmer district of Rajasthan. Officials from RIICO informed that a wide range of chemicals from the refinery and petrochemical complex will be soon
available as raw material for a range of downstream industries. The industries located in PCPIR will benefit from the advantage of proximity with the refinery. The first phase of the PCPIR is planned over 243 hectare of land at a distance of 17 kilometers from the refinery.

There are 93 industrial plots planned in the phase and allotment for them is expected to commence from July 2021. During the conference officials from RIICO also held discussions with several investors regarding opportunities at the investment region.

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