The commercial capital of Kerala is set to become the country’s petrochemical hub by the end of 2015, if the proposed projects are implemented as per the time schedule. Estimates show that the city is expected to receive a whopping Rs 30,000-crore investment in the petrochemical sector in the period.
The Rs 14,225-crore Integrated Refinery Expansion Project (IREP) and the Rs 8,000-crore petrochemical complex, both to be set up by the BPCL Kochi Refinery, will be the key drivers of these investments.
The state industrial development corporation (KSIDC) is setting up a petrochemical park near the refinery, for which the land acquisition will begin in three months, KSIDC executive director T P Thomas Kutty told TOI here on the sidelines of the first ‘business meet on petrochemical sector’ here on Friday .
This article must be closing its eyes to the huge impact the India drought/water shortage is having right now. I will try capture news item to show how bad India’s “Feast to Famine” relationship with water is today.