Padhi Asks PCPIR Funds

Chief Secretary A P Padhi urged Government of India to consider providing the necessary budgetary support for the development of external and internal infrastructure in the PCPIR Region.  

Mr.Padhi said as special emphasis is being laid by the State Government for the development of the Petroleum, Chemicals and Petrochemicals Investment Region at Paradip by providing the right mix of industrial infrastructure and fiscal incentives, support of Union Government is needed.
He said that owing to the proactive and progressive governance, the State of Odisha is fast emerging as the manufacturing hub of Eastern India.
Speaking in the IndiaChem Meet at Mumbai recently, Mr.Padhi said that Live Investment Growth, year on year, during 2015-16 and 2016-17 for Odisha was 16.5 Percent, whereas the same stood at 4.6 for India.
The Industrial Policy Resolution 2015 recognizes chemicals and petrochemicals as a Priority Sector and a number of attractive fiscal and non-fiscal incentives for the promotion and development of this sector have been laid out in the policy.
The Odisha Industrial Development Plan 2025 has been developed to broad base the industrial base of the State by leveraging its strategic advantages of infrastructure, geographic location, abundant natural resources and skilled human resources.
Petrochemicals form a key component of this Vision 2025.
Support from the departments of Ministries of Road Transport and Highways, Railways and Shipping for increasing the road and railway connectivity, port capacity and creation of internal waterways in the State would propel the growth of the region.
Besides, the existing policy on PCPIR needs to be revised in consultation with the stakeholders and a comprehensive integrated policy for petroleum, petrochemicals and chemicals must be developed.
This will help the PCPIR to gain momentum and realize the objective for which it was envisaged.
IOCL, being the anchor tenant of the Paradip PCPIR, will play a pivotal role in the development of PCPIR.
He said IOCL is on track to complete the development of projects planned at Paradip- Polypropylene, MEG, Paraxylene-PTA Complex and petcoke gasification, as per schedule and operationalize all of them by 2022-23.
Mr.Padhi requested IOCL to consider to put up a naphtha cracker which will make available building blocks for development of downstream sector.
This will not only spur significant industrial growth in the region but will also contribute to the overall socio-economic development of the people.
The state government has also developed a Plastics Park at Paradip which has seen an encouraging response from the investors.
He said that IOCL has come forward to take equity stake in the project and assured dedicated supply of raw material for the units being setup in the Park.
This will give a further boost to the establishment of downstream units in the region.
Value addition is the cornerstone of our industrial policy and we invite global petrochemical companies to setup naphtha cracker and make available aromatics.
Besides, State Government has invited investors to setup facilities to provide basic building blocks such as propylene and ethylene for the development of downstream units in the region.
Mr.Padhi informed that over the past two years, the State has undertaken a number of business reforms to make it easy for companies to set up and operate.
The emphasis of the Government is on ensuring speedy approvals for the industrial projects and reducing the physical interface for the investors with the Government to the minimum by leveraging IT.
 


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