VADODARA, June 3:
Union Minister Mansukh Mandaviya has said that Centre is considering changes in the petroleum, chemicals and petrochemical investment regions (PCPIRs) policy to make it more “pragmatic and practical.”
“PCPIRs policy that was launched in 2007 to promote investment in petroleum and petrochemical sector needs to be finetuned and made more pragmatic and practical.
“Industry, especially the downstream sectors that require petrochemicals as raw material for production have been raising the issue of shortage of feedstock in the country,” Mandaviya, minister of state for road transport and highways, shipping and chemicals and fertilisers said.
The minister was in the city to participate in the programme ‘Sabka Saath Sabka Vikas’ organised by the Airports Authority of India at Kelanpur late last evening.
“Of the five approved PCPIRs, only Dahej (Gujarat) PCPIR has made considerable progress and the union government will allocate more funds for its development and extend all support to it,” Mandaviya said. (PTI)
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