Petrochemical Hub at Panipat
New Delhi   02-Feb-2009
An MOU has been signed between HSIIDC and IndianOil to set up Petrochemical hub for downstream industries in Panipat. The project would be developed in two/phases over an area of 4,000 acres. Around 900 acres of land has been acquired to launch the first phase. The project would cost Rs 3,730 crore arid would generate direct employment for 38,000 people. An investment of Rs 13,000 crore is expected to be done on 470 units. The first phase of the" project has been scheduled to be implemented from 2007-2012 and second phase from 2013-2016.