Why in news ?
Recently Minister of State for Chemicals & Fertilizers informed that Petroleum, Chemicals and Petrochemical Investment Regions (PCPIRs) in India has registered good progress in attracting Investments for Industrial Development and generating employment
What is PCPIR ? (UPSC – IAS)
Petroleum, chemicals and Petrochemicals investment regions (PCPIR) is based on cluster-based development model for setting up manufacturing facilities for both domestic consumption and exports in Petroleum, Chemicals and Petrochemicals.
The cluster is combination of production units, logistics handling, environmental protection mechanism and
social infrastructure.
It includes Special Economic Zones, Free Trade Zones Warehousing Zones etc.
Connectivity to the region is provided by state and central governments through Rail, Road, Ports, Airports and Telecom. The state government will also be responsible for providing facilities of water, road connectivity (state roads), Waste Treatments linkages etc
PCPIRs will ensure developing economy of scale in petrochemical sector due to the use of common infrastructure, support services and R&D facilities.
Chemical and Petrochemical industries generate concerns over environmental degradation. However, PCPIRs follow a robust Environmental Impact Assessment (EIA) mechanism.
