Union Petroleum Minister Hardeep Singh Puri projects India's chemicals and petrochemicals sector to grow from $220 billion to $300 billion by 2025.

Union Petroleum Minister Hardeep Singh Puri announced that India's chemicals and petrochemicals sector is projected to grow from $220 billion to $300 billion by 2025. The sector, crucial to the economy, contributes 6% to GDP and employs over 5 million. Anticipating an $87 billion investment over the next decade, the government aims for total investments of approximately $142 billion under its PCPIR Policy 2020-35 to support rising demand and a shift to lower-carbon solutions.

October 18, 2024
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