THE Tamil Nadu government has categorised chemicals and petrochemicals as sunrise sectors to extend financial support through additional incentives. It has also leveraged investments for setting up of three large petrochemical projects in Thoothukudi, Nagapattinam and Cuddalore, according to Industries Minister Thangam Thennarasu.
Speaking at the summit on ‘Global Chemical and Petrochemical Manufacturing Hubs in India’, the minister said the three projects will position the State as a petrochemical investment destination.
Stating that the investment promotion agency, Guidance, is interacting continuously with all chemical associations to address their requirements, he said the State aims to establish sector-specific clusters for electronics, foods, furniture, chemicals and petrochemicals by identifying new industrial zones and industrial land banks.
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