As theindustriesdepartment is planning to hold roadshows in eight overseas markets for the proposed investors summit planned on January 20-21, 2022, Dubai is going to be a focus area.
The department is keen to attract investors to its newly launched Petroleum, Chemicals and Petrochemicals Region (PCPIR) near the upcoming crude oil refinery. The investment region initially developed over 422 hectares and expected to attract $2 billion.
There are three PCPIR regions in country Gujarat, Andhra Pradesh andOdisha. Pachpadra would be the fourth PCPIR region if theCentreapproves it. But officials in RIICO said the ministry of petrochemicals and fertiliser has cleared the plan and the Union Cabinet would give the final approval.
The approval will allow the Centre to build necessary physical Infrastructure like Airports, highways, railways, telecom and other necessary facilities in a time bound manner.
Rajasthanwill be participating in the industrial expo on petrochemicals in November where the industries department will also hold a road show for highlighting investment opportunities in the sector in the PCPIR.