The Hindu Business Line : Reliance Ind looking to invest in Bengal

, Reliance Industries Ltd (RIL) is looking forward to the policy announcement on petroleum, chemicals and petrochemicals investment region (PCPIR), to explore investment opportunities in West Bengal.

While the policy is now under consideration of the Centre, West Bengal has started clearing the grounds for the proposed PCPIR at Haldia.

"Let us first examine the PCPIR policy, which is expected to be announced shortly, to explore the investment opportunities. We also have to see whether there is enough feedstock supply in the region," Mr Kamal P. Nanavaty, President, Cracker and polymers sector of RIL, told newspersons hereon Friday. He was in the city in connection with Indplas'06, an international exhibition on plastics.

While appreciating the recent improvements in the investment climate of the State, Mr Nanavaty said that West Bengal had just four of the top 200 ploymer processors across the country.

Plastics hubs

"We need to emulate a Daman, Baddi or Pithampur in West Bengal to give a boost to the processing sector," he said. All the three locations are considered hubs of plastics processing in the country.

Earlier, Mr Sabysachi Sen, Principal Secretary of the State Commerce and Industry Department, said the West Bengal Government was committed to turn Haldia into a PCPIR.

According to him, the State has received significant investment in petrochemicals downstream in the last few years. "More than 700 downstream units have already come up in the State," he said.

Mr Amar Seth, Chairman, Exhibition organising committee, Indplas' 06, said, "We have approached the State Government for land at Haldia for setting up a second polypark which will give a further boost to plastics industry in the State."

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