The first of the gigantic petroleum, chemicals and petrochemical investment regions - each of which is projected to attract investment of Rs 70,000 crore
Locals -- more so in the area broadly called Nandigram lying across the minor Haldi River from Haldia -- fear a fresh round of land acquisition, as the state government pushes ahead with its petroleum, chemical and petrochemical investment region plans with Indian Oil Corporation and Calc Refinery Ltd as its anchor tenants. The PCPIR is one of the Left Front government's showcase projects in its efforts to accelerate growth in the state.
Minister for Chemicals and Fertilizers and Steel Ram Vilas Paswan on Tuesday released a new policy on Petroleum, Chemicals and Petrochemical Investment Regions.
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