Union Minister D V Sadananda Gowda (Pic Via Twitter)Union Minister of Chemicals and Fertilizers D V Sadananda Gowda on Wednesday (17 March) informed that investments worth Rs 8 lakh crore worth are in the pipeline in Indian chemical industry by 2025, the ministry Ministry of Chemicals and Fertilizers said on Wednesday (17 March).
Inaugurating the 11th Edition of India Chem 2021 in New Delhi with the theme “India: Global Manufacturing hub for chemicals and petrochemicals”, Gowda said that the Indian chemicals and petrochemicals industry is growing to new heights, and informed that an investment of Rs 8 lakh crore is anticipated in the sector by 2025.
During his speech, Gowda also lauded the Department and FICCI for organising the event.
He added that the growth in the chemical and petrochemicals industry is also contributing to the Prime Minister’s vision of Atmanirbhar Bharat.
Gowda further informed that government has launched 12 PLI scheme for different sectors which will directly or indirectly benefit the chemicals sector.
He also stated that the government is prioritising the sector and in the Budget, the import duty on Naphtha has been reduced from 4.0 per cent to 2.5 per cent.
An Appeal...
Dear Reader,
As you are no doubt aware, Swarajya is a media product that is directly dependent on support from its readers in the form of subscriptions. We do not have the muscle and backing of a large media conglomerate nor are we playing for the large advertisement sweep-stake.
Our business model is you and your subscription. And in challenging times like these, we need your support now more than ever.
We deliver over 10 - 15 high quality articles with expert insights and views. From 7AM in the morning to 10PM late night we operate to ensure you, the reader, get to see what is just right.
Becoming a Patron or a subscriber for as little as Rs 1200/year is the best way you can support our efforts.