**Cuddalore-Nagapatinam belt identified
Chennai:
Tamil Nadu government is planning to establish petroleum, chemicals and petrochemical investment region between Cuddalore and Nagapattinam, according to Industries Secretary N Sundaradevan.
Speaking to Express after addressing a seminar on Business Opportunities for Cooperation between Tamil Nadu and Japan in infrastructure sector on Tuesday, he said that this is a major infrastructure initiative of the state and the Union Ministry of Chemicals to attract investments in chemicals and petrochemicals.
He said the project is expected to get the cabinet clearance before the end of this month. “This is a infrastructure which will be linked by road and rail and will be on the wastelands as well as coastal areas. It won’t affect the fertile lands,” he added.
He said it is too early to comment on how much the project is worth. However, it is learnt that it will be worth more than several thousands of crore. “We have indentified Nagarjuna petrochemicals as well as Chennai Petroleum Corporation Limited but other players may also join in the initiative,” he added.
The center wanted us to give an undertaking that state highways will complete all the infrastructure work, he said.
Earlier, while delivering his inaugural address, he said
the joint steering committee of Japan’s Ministry of Economy, Trade and Industry (METI) and Tamil Nadu government has identified number of infrastructure projects for cooperation. These include promotion of industrial parks and Japanese townships.
He also said that the state government on a bid top attract more number of Japanese companies has proposed to establish a Japanese cluster near Chennai.
Highlighting the potential for a logistics park near Ennore and Sriperumbudur, he also said that METI
has proposed a initiative of a fuel corridor that include power projects and off-shore coal and liquefied natural gas handling.
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