PCPIR in Gujarat attracts over Rs 1 lakh crore investments

Petroleum, Chemical and Petrochemical Investment Region (PCPIR) set up at Dahej in Gujarat has emerged one of the fastest-growing industrial clusters in the country.

Already, PCPIR has attracted more than Rs 1 lakh crore investments in 180 industrial units, while 650 units are at various stages of construction.

The PCPIR, set up on an area of 453 sq km, is located in the coastal town of Dahej. An area of 23,005 hectares, or 230 sq km, has been demarcated as the processing zone where factories are located.

The anchor tenant in the entire region is ONGC Petro additions Ltd. (OPAL), which was commissioned in 2017 with an investment of Rs 27,700 crore.

According to M Thennarasan, MD of Gujarat Industrial Development Corporation (GIDC), the nodal agency for industries in the State, “Among all PCPIRs approved by the Centre, Dahej PCPIR is the fastest-growing with more than 180 factories/plants already commissioned and 650 at various stages of construction.”

Image Credit : images.financialexpress.com

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