India to emerge as front runner in chemical and petrochemical industry in the world
DV Sadananda Gowda, Minister of Chemicals & Fertilizers, Govt of India recently said that the Indian chemicals and petrochemicals industry is growing to new heights, and he made it clear that investments worth Rs 10 lakh crore will happen in the industry by 2025.
Gowda was addressing the inaugural session ’India Chem 2021 – 11th Biennial International Exhibition and Conference’, organized by FICCI, jointly with the Department of Chemicals & Petrochemicals, Govt of India.
Yogendra Tripathi, Secretary, Department of Chemicals & Petrochemicals, Ministry of Chemicals & Fertilizers, said ,” India is emerging as one of the fastest-growing economies in the world. The Indian economy is showing signs of emerging as one of the fastest economies in the world. The vision of India Chem 2021 is to seize the opportunity to establish India as a leading chemical and petrochemical hub”.
Mekapati Goutam Reddy, Minister for Industries, Investment, Infrastructure, Commerce & IT, Govt of Andhra Pradesh said ,”Presence of large petrochemical industries and oil refineries is enabling the country to become self-sufficient. The state has attracted more investments in the recent years. We have around 5,000 MSMEs working in the state which contributes to 8 percent of the entire business in India”.
Deepak C Mehta, Chairman, FICCI National Chemical Committee & CMD, Deepak Nitrite Ltd told that India is emerging as a global leader in the chemical and petrochemical industry. He added that the chemical industry is driving extremely well in India over the past few years, and he expects the same to happen in the future too.
