Petroleum, Chemicals & Petrochemicals Investment Regions (PCPIRs) is a specifically delineated investment region having an area of about 250 sq. kms. of which at least 40% is earmarked for processing activities. This region is a combination of production projects, public utilities, logistics, environmental protection, residential areas and administrative services. The purpose is to encourage global scale investment in petroleum, chemical & petrochemical sectors in both upstream and downstream segments, to accelerate economic growth.
Each PCPIRs would be a specifically delineated investment region with an area of around 250 sq kms. for planned establishment of manufacturing facilities for domestic and export-led production in petroleum, chemicals and petrochemicals, along with associated services and infrastructure. However, a minimum of 40% of the PCPIRs area i.e. around 100 sq. km. has to be designated as a processing area. The PCPIRs could include one or more Special Economic Zones, industrial parks, export oriented units etc. already notified or set up in these areas. Further, each PCPIRs has to have a refinery or a petrochemical feedstock company as an Anchor Tenant, and the internal infrastructure has to be built or managed by a developer or a group of co-developers to be selected in a transparent manner. It has also been envisaged that each of the PCPIRs would have fully developed external infrastructure linkages including rail, road, ports, airports and telecom linkages which would be developed through public - private partnerships, to the extent feasible, as well as with budgetary support from the Government.
Recently Government of India has approved PCPIR of three potential Chemical state they are :-