CHENNAI: Tamil Nadu government is planning to establish a 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 was a major infrastructure initiative of the state and the Union Ministry of Chemicals to attract investments in chemicals and petrochemicals.He said the project was expected to get the Cabinet clearance before the end of this month. “This is an 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 was too early to comment on how much the project was worth. However, it is learnt that it will be worth more than several thousands of crores. “We have identified Nagarjuna petrochemicals as well as Chennai Petroleum Corporation Limited but other players may also join in the initiative,” he added.The Centre 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 that the joint steering committee of Japan’s Ministry of Economy, Trade and Industry (METI) and Tamil Nadu government have identified a number of infrastructure projects for cooperation. He also said that the state government, in a bid to attract more Japanese companies, has proposed to establish a Japanese cluster near Chennai.
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