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    Govt aims to build R&D centres to help domestic chemicals and petrochemicals industry

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    Govt aims to build R&D centres to help domestic chemicals and petrochemicals industry
    The Central government will provides road, port and rail infrastructure as well as viability gap funding to investors setting up factories

    The government is planning to build several research and development centres in high-end chemistry that will help industries produce value-added items from refinery by-products and other chemicals. The decision aims to help the domestic chemicals and petrochemicals industry move further up from being the sixth largest in the world and the third largest in Asia after China and Japan. Refinery by-products like ethylene, propylene and butadiene are the building blocks of the entire gamut of petrochemical derivatives that go into everyday use products, including paints, detergents, tyres, automobile parts etc. The spirit of the Make in India initiative is built into the research programmes and in the large Petroleum, Chemicals and Petrochemical Investment Regions (PCPIRs) being set up. At present, four different PCPIRs are at different stages of development in the Vishakhapatnam-Kakinada region in Andhra Pradesh, Dahej in Gujarat, Paradeep in Odisha and Cudalore-Nagapattinam in Tamil Nadu. The Central government provides road, port and rail infrastructure as well as viability gap funding to investors setting up factories, while state governments provide electricity. These investment regions, with a refinery and cracker complex surrounded by downstream chemical and petrochemical factories, are capital intensive projects, which could take about 10-15 years to reach their full potential.

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