A chemical hub planned at Nayachar island

Acharya Prafulla Chandra Roy Petrochemicals Ltd (APCRPL) proposes to set up a chemical hub at Nayachar Island in the Hooghly River, off Haldia in Purba Medinipur district of West Bengal. The hub is likely to be developed over an area of nearly 12,500 acre.

The lease deed for the island has to be prepared shortly and the land will have to be leased out to APCRPL. This is required as a notification has to be made declaring Nayachar Island as a PCPIR (petroleum, chemical and petrochemical investment region).

The state government will enter into an MoU with the Union Government for setting up the infrastructure in the PCPIR. The draft of the MoU has already been prepared and has been sent to the government for approval. Work on the project is likely to commence after the MoEF grants clearance.

APCRPL is a JV company formed by West Bengal Industrial Development Corporation and New Kolkata International Development.


Source : ProjectsToday

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