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Bhubaneswar: Lamenting delay in development of Petroleum, Chemicals and Petrochemical Investment Region (PCPIR) in Odisha, senior BJD leader and MP Baijayant Panda has asked the Centre to take quick steps for its early start to boost the economy of the region.
In a letter to Union Petroleum Minister Veerappa Moily, Panda drew his attention to the delay in development of PCPIR covering Mahakalpada and Marshaghai Blocks of Kendrapara district along with Kujang and Erasama Blocks of Jagatsinghpur district.
The anchor tenant, Indian Oil Corporation Ltd had agreed to develop a polypropylene unit, an ethylene derivate plant as well as a mixed feed cracker unit at Paradip but work on them was delayed. As the development of PCPIR is dependent on these plants, whose output would serve as feedstock to its downstream, it too was being delayed.
While IOCL claims it is taking steps to expedite the work on these plants, it has not given a firm commitment on the production capabilities as well as the timelines of implementation, said Panda, who represents Kendrapara in Lok Sabha.
Panda in his letter sought the union minister's intervention in the matter since the planning of other industrial units in the PCPIR region was also affected.
Early commencement of PCPIR will significantly boost the economy of the region, according to a release from the BJD MP's office.
With the objective to promote investment in petroleum, chemicals and petrochemicals segment, the department of chemicals and petrochemicals had formulated the policy to set up PCPIRs in the different parts of the country.
The PCPIRs would reap the benefits of co-siting, networking and greater efficiency through the use of common infrastructure and support services, the release said.
