JAIPUR: As the industries department is planning to hold roadshows in eight overseas markets for the proposed investors’ summit planned on January 20-21, 2022, Dubai is going to be a focus area.
The department is keen to attract investors to its newly launched Petroleum, Chemicals and Petrochemicals Investment Region (PCPIR) near the upcoming crude oil refinery. The investment region initially developed over 422 hectares and expected to attract $2 billion.
There are three PCPIR regions in country — Gujarat, Andhra Pradesh and Odisha. Pachpadra would be the fourth PCPIR region if the Centre approves it. But officials in RIICO said the ministry of petrochemicals and fertiliser has cleared the plan and the Union cabinet would give the final approval. “The approval is a formality now,” said the official.
The approval will allow the Centre to build necessary physical infrastructure like airports, highways, railways, telecom and other necessary facilities in a time bound manner.
Rajasthan will be participating in the industrial expo on petrochemicals in November where the industries department will also hold a road show for highlighting investment opportunities in the sector in the PCPIR.
“It’s global hub of petrochemical industries and large companies in the sector gather in the event. We have already made a list of companies to speak to there. It is likely, Industries secretary himself will be there personally to speak to the prospective investors,” said the RIICO official.
As regards to the investors’ summit, the department expects about 3000 delegates both from the country and overseas and there would be another 5000 who would be joining virtually.
The thrust sectors that would be showcased for investments during the summit include petrochemical, auto, agri processing, electronics manufacturing, medical devices, pharmaceuticals, and sports goods manufacturing.
Roadshows in seven Indian cities have been planned starting from September 3, whicle the same will be undertaken in eight overseas markets like the USA, France, Germany, Japan, England, South Korea and Singapore.
