Arete Group plans to invest Rs 1,200 crore to develop the second phase of the Payal Industrial Park (PIP) in Dahej, Gujarat. 

This new phase covers 850 acres within a large area for chemicals and petrochemicals (PCPIR). It follows the success of the first phase, which attracted over Rs 12,000 crore in investments.

The expansion will focus on industries making special chemicals, green energy, advanced materials, and related products. 

This facility can currently handle 2.5 million litres per day and can be expanded to 50 million litres per day to help manage industrial waste.

To support its green goals, Arete Group is working with Fourier Earth, a new company focused on hydrogen technology from Palo Alto.