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Major proposals received for petrochem investment region in Rajasthan
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Project to be completed on time despite the adverse pandemic situation
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Project to be completed on time despite the adverse pandemic situation Some major investment proposals have been received for a petroleum, chemicals and petrochemicals investment region (PCPIR) coming up in the vicinity of an ambitious oil refinery project in Rajasthan’s Barmer district. The project, emerging as a lucrative financing destination, will be completed on time despite the adverse situation created by the COVID-19 pandemic.
The PCPIR is being developed by the Rajasthan State Industrial Development and Investment Corporation (RIICO) near the 9 million tonnes per annum (MTPA) HPCL-Rajasthan Refinery and Petrochemcial Complex at Pachpadra in Barmer district. The State government is set to provide industrial land for the investment region by July this year.