GAIL to partner private and public sector companies to set up petrochem hub

In a bid to pull alongside global competition and consolidation process, GAIL India Ltd. plans to venture into the business of setting up a petrochemical hub by joining hands with private and public sector companies. Further details will be available when certain clearances are approved within a month. GAIL has already selected South India as the location for setting up this petrochemical hub. Visakhapatnam in Andhra Pradesh is likely to be the location.