Petrochem can lure 12k-cr investments in state

Kolkata: The petrochemical sector in West Bengal has the ability to attract Rs 12,000-crore investments and provide 1.6 lakh employment opportunity, said WBIDC MD Vandana Yadav while speaking at the Petrochem 2019 organised by the Indian Chamber of Commerce (ICC) here on Saturday.
The event, themed “Growth Drivers in the Petrochemicals Business to Progress the Future’, attracted a host of industry leaders and investors from the petrochemicals and allied industries.
Elaborating on the growth drivers, CII National Committee on Exim chairman Sanjay Budhia, said: “The eastern states — West Bengal, Odisha, Bihar, Jharkhand and Assam — mark the entry of potential markets for growth of plastic industry of India. Eastern region due to its strategic advantages coupled with lower-labour cost and investor-friendly approach by state governments of the region now has both upstream and downstream industries coming up in the regions.