You are here: About APPCPIR About APPCPIR

APPCPIR :: Andhra Pradesh Petroleum, Chemicals and Petrochemicals Investment Region

About APPCPIR

To Promote investment in the Petroleum, Chemicals and PetroChemical industry and make the country an important hub for both domestic and international markets, Government of India has decided to attact major investments, both domestic and foreign, by providing a transparent and investment-friendly policy regime.

The Petroleum, Chemical and Petrochemicals Investment Region (PCPIR) may include one or more Special Economic Zones(SEZs),Industrial Parks, Free Trade &Warehousing Zones, Export Oriented Units and Growth Centers, Duly notified under the relevent Central or State legislation or Policy.

Each PCPIR would have a refinery / Petrochemical feedstock company as an anchor tenant. The internal infrastructure of the PCPIR will be built and managed by a Developer, or a group of Co-developers. The External linkages will be Provided by Government of India and the State Government. PCPIRs at Visakhapatnam-Kakinada in the state of Andhra Pradesh is one such initiative.

Advantages of Andhra Pradesh

Andhra Pradesh Petroleum, Chemicals & Petrochemicals Investment Region (AP PCPIR) is a specifically delineated investment region with an area of around 603 square kilometers planned for the establishment of manufacturing & service facilities for domestic and export led production in petrolium, chemicals & petrochemicals.



Andhra Pradesh is the first state to sign an MoA for PCPIR. A Memorandom of Agreement was signed between Dept. of Petrochemicals, Govt. of India and Govt. of Andhra Pradesh in New Delhi on the 1st of October, 2009.

 

Project Snap Shot

Area : 603.58 Sql.km
Investment on Infrastructure : Rs. 19,031Cr
Investment generated through APPCPIR: Rs. 3,43,000 Cr.
Employment Potential : 12 Lakhs