Gehlot govt rolls out red carpet for global petrochem majors

Jaipur, Jan 28 : Aiming to bring in big investors in the petroleum and value-added petrochemicals space, the Rajasthan government rolled out the red carpet for the global oil and petrochemical majors to set up operations in the upcoming Petroleum, Chemicals and Petrochemicals Investment Region (PCPIR) at Barmer.
A global virtual meeting was held on Wednesday between potential investors from across the world and state government officials to promote investment in the region. The meet was jointly organised by the Rajasthan State Industrial Development and Investment Corporation Limited (RIICO) and the Confederation of Indian Industries (CII).
Delegates from the embassies of the UAE and Brazil along with representatives of nearly 100 companies from India, Saudi Arabia, UAE, Oman, Germany, UK, USA, Switzerland, the Netherlands, France, Japan, Singapore, Taiwan, Brazil, Bahrain, Jordan, South Korea and other countries participated in the global meet.
Representatives of important stakeholder associations like CHEMEXCIL and IFIBCA also participated.
According to officials, the first phase of development of the project would see around Rs 15,000 crore from top global players and will generate around 1.5 lakh job opportunities.
They confirmed that the Rajasthan government and RIICO will provide industrial land to the global investors at the PCPIR by July 2021.