Underlining the Indian government's commitment to being an enabler and facilitator in setting up Petroleum Petrochemical Investment Regions (PCPIRs) spread over 100-250 km areas through public promote partnership initiatives, he said that based on the preliminary study and evaluation, the states of Karnataka, West Bengal, Orissa, Gujrat and Andhra Pradesh had been identified as possible destinations for setting up PCPIRs.
In a separate meeting presided over by Governor of Michigan John Engler who is also President of the National Association of manufacturers which has a membership of over 30, 000 American manufacturing companies, Dr. Ashwani Kumar called upon major American Corporations to look to India as a manufacturing hub and to enter into commercial partnerships with Indian manufacturing companies to optimise the competitive advantage that India offers.
Citing various studies by AT Kearney and UNCTAD, Dr. Kumar said that India was one of the most preferred investment destinations of the world considering the competitive labour costs and advanced scientific, technical and managerial skills.
The meeting was attended by top management of over 100 American Corporations including Bechtel, GE, Cummins, Whirlpool, Meadwestvaco, General Motors, Halliburton, EDS, Eastman Chemical Company etc. Mr. Victor Menezes former Chairman of Citibank, Mr. Romesh Wadhwani, Parag Saxena and Anand Dorairaj of the NRI Task Force were amongst those who attended.
Press Information Bureau Government of India
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