The Hindu Business Line : CCEA okays integrated zones for petroleum, chemicals

New Delhi March 8 The Cabinet Committee on Economic Affairs (CCEA) today approved the setting up of large-scale integrated zones for petroleum, chemicals and petrochemicals complexes (PCPIRs). The policy spells out the objectives, concept of PCPIRs, role of Central and State Governments, institutional framework, procedures, role of developers/co-developers, units in PCPIRs, dispute resolution etc, the Finance Minister, Mr P. Chidambaram, told presspersons after the meeting. It has been decided that not more than five such complexes would be set up.

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