CPC assessing investment in Indian petrochemical industry

CPC Corp had last year signed a memorandum of understanding to build a petrochemical park in India’s Mundra special economic zone. But, Adani Group has changed its plan and is now not taking the previously agreed 26 per cent stake in the project, Taiwanese media reports said.

However, some Taiwanese petrochemical firms including China Petrochemical Development Corp has shown interest in expanding their presence in India’s growing petrochemical market. (RKS)

ALCHEMPro News Desk – India