Going by the IL&FS report, the investments in the region could be mindboggling. The report expects investments — if the PCPIR is fully developed — of up to Rs 2,30,000 crore by 2026 and creation of employment, including indirect, of 9.5 lakh.
If this is the scenario, then the annual turnover from the region would be over Rs 3.3 lakh crore, an export potential of Rs 41, 500 crore besides revenue in the form of taxes of Rs 33,000 crore.
In the complex, the State government envisages petroleum and petrochemical companies alone investing Rs 1.56 lakh crore, chemicals and fertilisers Rs 36,000 crore, ancillary units Rs 6,000 crore, housing and allied sector Rs 21,500 crore and external infrastructure Rs 10,000 crore.
Upgradation
The State proposes upgradation of the New Mangalore port and setting up of a greenfield port at Padubidri besides a new cargo complex.It will also have upgraded national highways and better rail connectivity.
Proposed projects
Some of the existing, upcoming and proposed projects in the region include MSEZ and its utilities at Tannirbavi, a HPCL LPG bottling plant and storage facilities, units of BASF, Elf Gas and MCF,  besides the Bykampadi industrial area as well as the proposed MRPL expansion.
As for environmental issues, the master plan says since the PCPIR falls 15 km away from the Western Ghats, “it does not come within the eco-sensitive area”.
The project area will have a water demand of 513 MLD including 187 MLD for phase I. It cites Gurupur and Mulki rivers as the sources of water.
The KSIIDC will be the nodal agency for the State Government.
Committee
The Central government has set up a high-powered committee headed by the cabinet secretary to scrutinise the applications which go to the Cabinet committee on economic affairs for final approval.