Focus Taiwan
Date: 2018/07/31
By: Charles Kang and Ko Lin

New Delhi, July 31 (CNA) State-owned oil refiner CPC Corp., Taiwan announced

Photo courtesy of Taipei Economic and Cultural Center in India

Tuesday that it plans to invest US$6.6 billion in a petrochemical development project in India.

The announcement was made by CPC President Lee Shun-chin (李順欽) at a meeting with Dharmendra Pradhan, India’s Minister of Petroleum and Natural Gas, and Sanjiv Singh, chairman of Indian Oil Corp., the country’s top oil refiner.

A location for the development project has yet to be decided, Lee told CNA, revealing only that it could either be Mundra Port in Gujarat or Paradip, a seaport town in the eastern state of Odisha.    [FULL  STORY]