Tamil Nadu Government proposed to create a region specially for petrochemicals in the State, to attract investments in chemicals and petrochemicals sector, a senior government official said yesterday.
"This is a very major infrastructure initiative of State government to attract investments in chemicals and petrochemicals. We are planning to establish it between Cuddalore and Nagapattinam", Industries Secretary Dr N Sundaradevan said. Inaugurating a seminar on "Business Opportunities for Cooperation between Tamil Nadu and Japan in Infrastructure sector, he invited Japanese firms to invest in the (Petroleum, Chemicals and Petrochemicals Investment) region.
In 2006-07, he said there were 65 Japanese companies in the State,but in the last five years, it has gone up by four-fold. "Chennai has the largest number of Japanese companies accounting for almost 30 per cent of total Japanese companies operating in India. It has also become home for about 800 Japanese expats", he said.more PTI VIJ BN
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