CPC plans US$6.6 billion petrochemical project in India
Jul 31, 2018MarketComments Off on CPC plans US$6.6 billion petrochemical project in India
New Delhi, State-owned oil refiner CPC Corp., Taiwan announced 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 (???) 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.
According to Lee, the decision will be finalized at the end of September, following a final assessment by Axens, a renowned French consulting firm that has been contracted to handle the project.
Besides helping India to upgrade its petrochemical technology to meet domestic market demand, the CPC project is expected to create some 30,000 local jobs, Lee said.
Comments Off on Taipei-Taiwan’s Tourism Bureau is promoting mountain tourism at the 4-day Taipei International Travel Fair that began Friday.
The bureau is focusing on five north-south mountain ranges — the Central Mountain, Xueshan, Yushan, Alishan and the Coastal Mountain ranges — in its pavilion at the fair, said bureau Deputy Director-General Chang Shi-chung (???).
Chang said there will be various exhibitions and forums on the mountains of Taiwan, as well as its unique cultural features such as historic trails and aboriginal lifestyles.
Taiwan is preparing to market 2020 as the Year of Mountain Tourism, after its efforts to position the country as an important international mountaineering destination in July, when the government allowed public access to the island’s national parks.
Previously, people who wanted to visit restricted “ecological protected areas” in Taiwan’s national parks had to apply for permits from both the National Police Agency and the Construction and Planning Agency.
Now, however, the Construction and Planning Agency has launched a new mountain permit application portal that requires mountain visitors to apply for only one permit and provides fast-track processing to expedite applications, the bureau said.
Much of Taiwan is covered by mountains, and it has 268 mountains of over 3,000 meters, according to the Tourism Bureau website.
That environment has made hiking and mountain climbing one of the favorite pastimes of Taiwan residents.
The number of permits issued to Taiwanese citizens and foreign nationals for access to trails in Yushan, Taroko and Shei Pa national parks has risen from 153,736 in 2016 to 187,053 in 2017 and 201,526 in 2018, according to Construction and Planning Agency figures.
In 2018, foreign nationals accounted for 7.24 percent of the permits issued.
There will be around 1,700 booths from 60 countries at the fair, to be held Nov. 8-11 at the Taipei Nangang Exhibition Center.
The fair, the largest of its kind in Taiwan, will feature South Korean and Japanese tourism operators amid growing local interest in travel to those countries.
Source: Focus Taiwan News Channel