“Chemicals” sector has huge potential for growth- Shri Gowda.

Sep 29: Union Minister of Chemicals & Fertilizers Shri D.V. Sadananda Gowda  has said that it is  good time to invest in India when the Government is focusing self-sufficiency in domestic production.

Shri Gowda was addressing a webinar on “Specialty Chemical” Organized by Department of Chemicals & Petrochemicals and FICCI. Minster today  officially launched “ India chem2021” Which will be held from 17to19 th March 2021. 

Minister said “Specialty Chemicals” is one of the areas where  huge potential for growth lies. The past couple of decades have seen a significant shift in the manufacturing of chemicals, particularly  the specialty chemicals from EU and North America, to Asia. 

The Indian Chemical and Petrochemical industry have huge potential to play a significant role a  by 2025, the sector can alone contribute $300 billion to the GDP as compared to $ 160 billion at present.

Shri Gowda added that India is looking forward to incentivize manufacturers, through Production Linked Incentives (PLIs) and development of State of Art infrastructure facilities, to set up entire value chain of drug production in upcoming three bulk drug parks in India. 

Disclaimer: We donot claim that the images used as part of the news published are always owned by us. From time to time, we use images sourced as part of news or any related images or representations. Kindly take a look at our image usage policy on how we select the image that are used as part of the news.