New Delhi, April 8 (KNN) Modi Government has set a target to achieve an investment of Rs. 7,62,000 crores and generate employment for 34 lakh people in Petroleum, Chemicals and Petrochemical Investment Regions or PCPIRs.
 
Through various PCPIRs there has already been an investment Rs 1,06,000 crores which has generated employment for 2.23 lakh people.
 
This was announced by the Union Minister of Chemicals & Fertilizers, Ananth Kumar in the consultative committee meeting of MPS attached to his ministry, where the topic for discussions was "Petroleum, Chemicals and Petrochemical Investment Regions (PCPIRs)" and Plastic Parks.
 
The Minister informed the members about Government’s initiatives to increase the number of plastic parks from 4 to 10 to catch up with the increasing demand. He also mentioned that the number of Central Institutes for Plastic Engineering and Technology (CIPET) will be increased from 23 to 100, to create additional capacity for skill development in the area.
 
Ananth Kumar said that today’s challenge in the sector is value addition and for that value addition, milking the crude for further proliferation of the downstream industries is needed.
 
The Government is emphasizing on reducing the consumption of non-biodegradable plastics, and re-using and re-cycling of other graded polymers. He said that the Government has instituted awards for Green Technology in plastic processing, to promote environment-friendly efforts in the industry, he added.
 
The Minister responded to various queries and concerns raised by the MPs which was also attended by the Minister of State for Chemicals & Fertilizers Hansraj Gangaram Ahir. (KNN/VV)