Page 55 - Plastics News November 2021

IN THE NEwS

Rajasthan To Offer Big-Bang Investment White Paper On

Opportunities In Petrochem And Fintech Proposed Petchem

Cluster In Tamilnadu

he Thamizhaga All Farmers
TOrganisations Coordination
Committee has demanded a white
paper on the proposed formation of a
petrochemical cluster in Nagapattinam
district. Committee President P.R.
Pandian recalled the agitations organised
by the farmers in the past when
the previous AIADMK government
attempted to create a petrochemical
industrial zone encompassing
Cuddalore, Nagapattinam and
surrounding districts. The agitations
ajasthan is geared up to offer big- and Petrochemicals Investment Region forced the AIADMK government
Rbang investment opportunities to the (PCPIR). HPCL Rajasthan Refinery to cancel the notification on the
global investors during the state’s week (HRRL), a subsidiary of HPCL is petroleum, chemical and petrochemical
(November 12-18) at EXPO2020 India developing this project, which is one investment region (PCPIR) in February
pavilion in Dubai.The sectors in which of the largest refineries of the country 2020 and declare the delta as a Protected
the state is looking at major investments in Barmer, Rajasthan. Rajasthan State Special Agriculture Zone in March.
include chemicals & petrochemicals, Industrial Development and Investment Subsequently, a notification was issued
fintech, automobile & electric vehicles, Corporation (RIICO) is developing in August by the then Chief Minister,
renewable energy, infrastructure, mining, PCPIR near the refinery to catalyse the Edappadi K. Palaniswami, and rules
tourism, MSMEs, etc. A number of investment for the downstream products
MoUs are slated to be signed during of the refinery. With a capacity of 9
the course of Rajasthan week at the MMTPA, the refinery has the potential
India Pavilion. A high-level delegation to generate Rs 15,000 crore investment.
from Rajasthan government will be in The other mega project of Rajasthan is
Dubai to meet the investors during the FinTech Park at Jaipur. RIICO is pitching
week and pitch for the investments. The Jaipur as destination par-excellence
programme would also feature diaspora for corporates and start-ups of the
connect programmes and tourism financial and IT world by developing a
prowess of Rajasthan. The delegation world-class FinTech Park spread over were framed. The declaration and
will include Shanti Kumar Dhariwal, 100 acres. The state is also planning notification put an end to the tireless
Minister for Urban Development & to develop a textile park at Jodhpur. agitations of farmers against the
Housing; Parsadi Lal Meena, Minister Considering the current potential and expansion of petrochemical industry
for Industry; Arjun Singh Bamaniya, existing ecosystem of textile and apparel activities, he said. At this juncture,
Minister of State for Industry; Ashutosh sector in the state, RIICO has proposed allocation of Rs 50 lakh to conduct
A T Pednekar, Secretary – Industries, to develop a dedicated textile park in the a detailed report on the possibility
government of Rajasthan; Rukmani city. Investments would also be in the of forming a petrochemical cluster
Riar, executive director, RIICO; Dhiraj offer for Khushkera Bhiwadi Neemrana in Nagapattinam district and the
Srivastava, commissioner – Rajasthan Investment Region (KBNIR) along simultaneous move by the Narimanam
Foundation, etc.Among the specific the Delhi Mumbai Industrial Corridor Oil Refinery unit to acquire fertile lands
projects in which the state is looking for (DMIC), Marwar Industrial Cluster and in Narimanam and surrounding villages
investments, is Petroleum, Chemicals MEDtech Medical Devices Park. had shocked the farmers.

54 PLASTICS NEWS NOVEMBER 2021 55 PLASTICS NEWS NOVEMBER 2021