Bhubaneswar, Nov 06 (odisha.in)Orissa has proposed to establish a Petro-Chemical Investment Region at Paradeep along the ongoing mega Integrated Petro-Chemical Complex, reveals, Asok Salwai, Commissioner-Cum Secretary, Industries Department.
“State Government would submit a proposal in this regard after identifying the site to the Central government for approval and infrastructural support”, said Dalwai.
The proposed PCIR would help grow the petroleum and Petro-chemical related industries in the ancillary and downstream sector in its periphery.
The PCIR would be seet up in PPP mode through Special Purpose Vehicle (SPV) route, Dalwai said adding that Indian OIL Corpration (IOC) has agreed to function as the”Anchor Tenant” to provide the raw material as required by the Industries.
“The IOC chairman Sarthak Beuria , who was here to discuss the progress and problem of the ongoing Paradeep Integrated Petro-Chemical Complex with the Chief Minister Monday , suggested the state government to send a formal proposal with project details relating to the PCIR for consideration”, said Dalwai.
He said that the IOC chairman has agreed to become the “Anchor Tenant” and to participate in the SPV” but “we have requested the Chairman to be the major stake holder with at least 51 per cent share”.