Taiwan's CPC Corporation can't find land for Odisha petrochem project

Taiwanese company promised investment at Make in Odisha conclave held in November 2018.

Taiwanese investor CPC Corporation isn't finding land for setting up its Rs 45,300 crore petrochemicals project in Paradip eight months after Odisha wooed the company at a much-publicised investor summit.

A delegation drawn from the Taiwan Petrochemical Alliance led by Lee Shun-Chin, president of CPC Corporation, had surveyed the proposed site of the petrochemicals project at Paradip in August 2018. The corporation's officials also held talks with the authorities of the Paradip Port Trust (PPT). Before visiting the site, the delegation had negotiations with Dharmendra Pradhan, minister for petroleum and natural gas. The successful operations of the projects proposed by