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A mention of Haldia would be incomplete without mentioning the industries and companies operating from this place. One of the major companies that is contributing immensely to the economy and development of this place is the Haldia Petrochemicals. Halida Petrochemicals Ltd is the second largest petrochemical company in India. It came into existence following the initiative of the West Bengal Government, wherein a joint venture was formed between big conglomerates like Tata Group, Indian Oil Corporation and the Chatterjee Group.