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Mangalore Feb 11 Mangalore can become one of the best petroleum, chemicals and petrochemicals investment regions in the country, depending on how everyone concerned takes the project forward, according to Mr Subir Raha, former Chairman and Managing Director of ONGC.

Mr Raha was speaking after receiving honorary membership of the Kanara Chamber of Commerce and Industry (KCCI).

He is the third person to receive honorary membership of the KCCI in its 65-year history.

Mangalore has the advantages of a major port, which is strategically located on the west coast of the country. The presence of a port here will help the petroleum sector in Mangalore for sourcing crude from the Gulf region. Added to this, Mangalore has good literacy rate and professional skills for the development petroleum and petrochemicals sector.

However, proper attention should be given to the availability of fresh water and land for the development of such an investment region, Mr Raha said.

More Stories on : Petroleum | Shipping | Karnataka

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