In a bid to give a further boost to the chemical and petrochemical industry in the state, the Gujarat government is planning to acquire additional nearly 4,000 acres of land in Dahej, a senior government official said.
"Gujarat's chemical and petrochemical industry is growing significantly and we want to expand our scope to attract more investments in this sector," principal secretary to chief minister MK Das told select mediapersons here.
He said the Gujarat Petroleum, Chemicals and Petrochemicals Investment Region (PCPIR) at Dahej is looking at acquiring around 4,000 acre of land in the same area itself for the proposed expansion.
"With most of the major players in these sectors already present here, more and more companies both domestic and international are setting their eyes on Gujarat PCPIR. We will acquire the land and develop it by creating the necessary infrastructure to enable companies to set their businesses here," Das said.
He further said the existing rail, road and port connectivity along with the proposed highways and railway projects, has made this area a preferred investment destination not only for the domestic but also for the international firms.
According to the development plan of the Dahej PCPIR, a total of nearly Rs 90,000 crore of investment has already been committed.
ONGC Petro additions (OPaL), a joint venture company promoted by Oil and Natural Gas Corporation (ONGC) and Gujarat State Petroleum Corporation (GSPC) is the anchor tenant.
The other players who have set up businesses here include Reliance Industries, Hindalco, Petronet LNG, Pidilite, Rallis and Welspun, among others.
As per the website of Gujarat PCPIR, other players have invested over Rs 22,000 crore so far.
(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)