New Delhi, July 29 (KNN) With the view to promote investments, boost manufacturing and generate employment, Ministry of Chemicals and Petrochemicals is implementing the Petroleum Chemical and Petrochemical Investment Region Policy (PCPIR).

Substantial investments by upstream Anchor Units in the Refinery and Cracker Segments are envisioned to lead to other investments in the chemical and petrochemical downstream sectors and ancillary industries, said an official release.

Government of India has approved setting up of four PCPIRs in the States of Andhra Pradesh (Vishakhapatnam - Kakinada), Gujarat (Dahej), Odisha (Paradeep) and Tamil Nadu (Cuddalore - Nagapattinam). The fully operational PCPIRs envisage investment of Rs. 7.63 lakh crore and 33.85 lakh job opportunities. No other PCPIR is proposed at present.

The information was given by the Minister of state of Chemicals and Fertilizers Mansukh L. Mandaviya in a written reply to the Rajya Sabha today. (With PIB Inputs)