Government plans to set up petrochem hubs around 22 oil refineries – Feedback

The government announced its plans to set up petrochemical complexes around all 22 refineries across the country which would help generate one crore jobs and boost the sector’s growth.

Union Minister Ananth Kumar asked the chemical industry “not to just rely on the government incentives but become competitive” while assuring companies of providing common facilities for those setting up brownfield clusters. He called upon the industry to become “competitive” in feed stock, procurement of natural gas and production of end-products for doubling the sector’s growth to USD 400 billion by 2021. “The government has decided to establish petrochemical hubs in and around all 22 refineries,” the minister for chemicals and fertilisers said addressing an event here.

http://www.business-standard.com/article/pti-stories/govt-plans-to-set-up-petrochem-hubs-around-22-oil-refineries-116062400705_1.html

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