Govt to consider PLI scheme for chemical and petrochemicals sector: FM
The government wants India to become a manufacturing hub and will consider a PLI scheme for the chemicals and petrochemicals sector, says FM Nirmala Sitharaman.
The government wants India to become a manufacturing hub and will consider a PLI scheme for the chemicals and petrochemicals sector, says FM Nirmala Sitharaman.
The boom in the chemicals space, including speciality chemicals, has given wings to entrepreneurs, both old and new.
India's $212 billion chemical industry is seeing unprecedented growth on the back of consumption economy, niche products, rapid import substitution, and a global geo-strategic demand shift from China.
If there is any non-digital, non-renewables sector that has seen capital investments despite Covid ravaging the economy, chemicals is right on top.