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Petroleum, Chemicals and Petrochemicals Investment region (PCPIRs)

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Petroleum, Chemicals and Petrochemicals Investment region (PCPIRs) Specialty Chemicals Conclave - 2008 14-1-2008 Background Task force constituted under convenorship ... – PowerPoint PPT presentation

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Title: Petroleum, Chemicals and Petrochemicals Investment region (PCPIRs)


1
Petroleum, Chemicals and Petrochemicals
Investment region (PCPIRs)
Specialty Chemicals Conclave - 2008
14-1-2008
2
Background
  • Task force constituted under convenorship of
    Principal Secretary, PMO
  • Scope of the task force
  • Development of PCPIR policy/ legal framework
  • Issues related to feedstock policy including
    pricing/tariff
  • Finalization of the locations of PCPIR

3
Objectives
  • To promote investment and make the country an
    important hub for both domestic and international
    markets
  • To attract major investment both domestic and
    foreign by providing a transparent and investment
    friendly policy and facility regime under which
    integrated PCPIR may be set up.

4
Objectives
  • Possible benefits due to
  • Co-siting
  • Networking
  • Use of common infrastructure/support services
  • Aim toward creation of high class infrastructure
  • Conducive and competitive environment
  • Promote manufacturing, exports and employment
    generation

5
Definition
  • A specifically delineated investment region with
    an area around 250 sq. km.
  • Establishment of manufacturing facilities for
    domestic export led production in petroleum,
    chemicals petrochemicals along with the
    associated services/ infrastructure
  • Combination of production units, utilities,
    logistics, environmental protection mechanism,
    residential areas administrative services.

6
Definition
  • Broadly segregated under two regions
  • Processing area catering to manufacturing
    facilities, logistics other infrastructure
    services
  • Non-processing areas residential, commercial,
    social institutional infrastructure
  • Minimum processing area 40 of total designated
    area (around 100 sq.km.)
  • Processing area may or may not be contiguous.

7
Definition
  • PCPIR to include
  • One or more SEZs
  • Industrial Parks
  • Free trade warehousing zones
  • EOUs
  • Growth centres
  • All the benefits available under relevant
    legislation or policy will continue to remain
    available forming part of PCPIR
  • State Govt may also notify addl package of
    incentives for development of PCPIR.

8
Facilities
  • Each PCPIR would have a refinery/ petrochemical
    feedstock company as anchor tenant
  • Internal infrastructure to be built managed by
    a developer /or group of co-developers
  • External linkage to be provided by GoI
    concerned state govt.
  • Users of internal/external infrastructure to pay
    for its use.

9
Role of Central Govt.
  • Consider applications of State Govts. For
    establishment of PCPIR expedite approval
  • Constitution of high power committee for
    co-ordination of Central ministries State Govt.
  • Monitoring progress on development other
    statutory clearances required
  • Ensure availability of infrastructure linkages in
    time bound manner
  • Provide support to State Govt.

10
Role of State Govt.
  • To play lead role in setting up PCPIR
  • Identification of suitable site
  • Notification of PCPIR area
  • Facilitation in acquisition of land including
    rehabilitation
  • Creation of common infrastructure utility
    linkage
  • Notification of a nodal department for
    co-ordination empowerment for single window
    clearance

11
Role of State Govt.
  • State Govt to ensure
  • Connectivity/availability of reliable power
  • Water requirement for process units
  • Common effluent treatment/sewerages
  • Infrastructure addressing health, safety
    environmental concerns
  • State Govt. to constitute a management Board for
    development of PCPIR
  • Notification of addl package of incentives

12
Likely Incentives
  • Central Govt incentives
  • Fiscal incentives for developer extend
    exemptions on taxes duties as granted in SEZ
  • Area based exemptions
  • Tax holiday
  • MAT exemption
  • Service tax exemption
  • Excise duty exemption for inter unit sales
  • Concessional CD for new capital goods
  • State Govt incentives
  • Can vary from state to state
  • Notification of package prior to PCPIR approval

13
Institutional Framework
  • Dept of Chemicals Petrochemicals under MOCF
    nodal agency
  • High powered committee constituted to scrutinize
    applications for PCPIR development subsequent
    monitoring
  • Empowerment of State Govts for expeditious state
    level clearance/approval
  • Constitution of management Board by State Govt.
    in the form of SPV with a Corporate as the anchor
    tenant structure facilitating sufficient
    autonomy

14
Institutional Framework
  • Functions of the management Board
  • Preparation of detailed masterplan
  • Provision of infrastructure directly /or with
    other developers
  • Formation of specific definitive agreements
  • Promotion of investment domestic foreign
  • Granting approvals facilitating clearance for
    processing units
  • Creation of SPVs for specialized services
  • Review of progress

15
Institutional Framework
  • Developer co-developer
  • Any legal entity Govt, private or public/private
    partnership
  • Development toward buildings, infrastructure,
    common facilities, finances etc.
  • State Govt to provide reqd. land through
    management Board with concessions
  • Provision of tax holiday as provided under
    section 80(1)(A) of Income Tax

16
Units in PCPIR
  • Petroleum based industries
  • Service units to support process industries
  • Utilities/infrastructure
  • Units may also produce export goods services
  • Rejects, wastes scraps from processing units
    may be sold outside SEZ/exported
  • Export of specialty chemicals encouraged.

17
Identified Locations
  • GoI has identified 5 locations to set up PCPIR
  • Dahej
  • Mangalore
  • Vizag
  • Haldia
  • Paradip

18
Drive for Growth
  • Indian companies are willing for collaboration
    with international majors to add new capacities
    in India to explore the growing demand of
    products.
  • Government of India is also advocating and
    promoting new investments in the country.

19
Thank you
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