Government's Bold Vision to Propel India's Chemical and Petrochemical Industry

Union Chemicals and Fertilizers Minister Jagat Prakash Nadda announced government interventions to support the chemicals and petrochemicals industry, aligning with the goal of achieving a USD 5 trillion economy. Launching India Chem 2024, he emphasized policy changes, industry challenges, and growth opportunities. The sector's critical role and future expansion were highlighted.

Union Chemicals and Fertilizers Minister Jagat Prakash Nadda announced that the government will implement necessary policy changes to address challenges in the chemicals and petrochemicals industry. This move aims to foster growth and align industry efforts with the national goal of becoming a USD 5 trillion economy.

The announcement came during the launch of the 13th edition of India Chem 2024 in Mumbai. Nadda emphasized the government's commitment to making policy interventions and adjustments to support the sector. He urged the industry to reduce imports, invest in research and development, and enhance skills.

Nadda and other officials, including Anupriya Patel and Nivedita Shukla Verma, highlighted the crucial role of the chemical sector in various industries and its impressive contribution to the economy. The India Chem exhibition aims to spotlight the potential of the Indian chemical sector, providing a platform for pivotal discussions and industry-driven collaborations.

(With inputs from agencies.)