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Indian Chemical industry To See Investments Of Rs 8 lakh Crore By 2025


Union Minister of Chemicals & Fertilizers D. V. Sadananda Gowda inaugurated the 11th Edition of India Chem 2021 in New Delhi with the theme India: Global Manufacturing hub for chemicals and petrochemicals. He stated 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, Sadananda Gowda also appreciated that Department and FICCI has organised 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. He 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 2021-21, the import duty on Naphtha has been reduced from 4.0% to 2.5%. ....

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Rs 8 lakh crore investment in pipeline in Indian chemical industry by 2025: Sadananda Gowda


Rs 8 lakh crore investment in pipeline in Indian chemical industry by 2025: Sadananda Gowda
ANI |
Updated: Mar 17, 2021 23:23 IST
New Delhi [India], March 17 (ANI): Union Minister of Chemicals and Fertilizers, DV Sadananda Gowda on Wednesday said that Rs 8 lakh crore investment are in the pipeline in the Indian chemical industry by 2025.
Gowda inaugurated the 11th Edition of India Chem 2021 in New Delhi with the theme India: Global Manufacturing hub for chemicals and petrochemicals on Wednesday. He stated 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. ....

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State striving to build self-sufficiency in petrochemical products: Mekapati


‘Industrial corridors passing through A.P. dovetail with largest PCPIR near Kakinada’
Industries and Commerce Minister Mekapati Goutham Reddy on Wednesday said that Andhra Pradesh was looking to build self-sufficiency in petrochemical products and drive economies of scale in the downstream chemical industries.
For the development of the Petroleum, Chemical and Petrochemical Investment Region (PCPIR), Andhra Pradesh is enabling co-location of bulk, intermediate and speciality petrochemicals players. Besides, the State is talking to MNCs to facilitate joint ventures and technology transfer for introducing key intermediates.
Participating in ‘India Chem 2021’, an international conference jointly organised by the Department of Chemicals & Petrochemicals and FICCI in New Delhi, Mr. Goutham Reddy said the Visakhapatnam-Chennai, Chennai - Bangalore and Hyderabad-Bangalore industrial corridors, which pass through Andhra Pradesh, dovetail with the largest PCPIR in the ....

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