Newindpress
Mangalore. Aug 27: Karnataka State Industrial Investment and Development Corporation Limited (KSIIDC) chairman and MLA N Yogish Bhat said on Sunday that the implementation of Petroleum, Chemical and Petrochemical Investment Region (PCPIR) in Mangalore, would create more than 10 lakh employment opportunities in the district.
Addressing a press conference here, Bhat said that around Rs 1.5 lakh crore to Rs 2 lakh crore would be invested through the project in a span of 15 years.
The Karnataka State Industrial Investment and Development Corporation Limited, being the nodal agency of PCPIR, had appointed IL&FS Infrastructure Development Corporation Limited and L&T-Ramboll Consulting Engineers Limited as project development advisors.
He said that the opportunities would increase 10 fold in the next 10 years in petroleum products, 22 fold in petrochemicals, 3 fold in fertilizers, 10 times in basic chemicals and 50 times in allied chemical sector by implementing the Mangalore PCPIR policy.