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HomeBusinessRs.10 lakh crore investment in Indian chemical industry by 2025: Sadananda Gowda

Rs.10 lakh crore investment in Indian chemical industry by 2025: Sadananda Gowda

18 Marcxh 2021: DV Sadananda Gowda, Minister of Chemicals & Fertilizers, Govt. of India 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. During his speech, Sadananda Gowda also warned everyone that coronavirus cases in the country have started increasing again.

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, Gowda said, “During COVID, India has made the medicine available to the whole world. In particular, India has helped in getting the vaccine to the neighboring country.”

Gowda added that the growth in the chemical and petrochemicals industry is also contributing to ‘Atmanirbhar Bharat’.

Yogendra Tripathi, Secretary, Department of Chemicals & Petrochemicals, Ministry of Chemicals & Fertilizers, said that 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,” he added.

Capt. Dibya Sankar Mishra, Minister of Industries, MSME, Energy & Home (MoS), Govt of Odisha, emphasized that Orissa is emerging as an investment destination. “If anyone wants to invest in metals and minerals, no one can ignore Odisha. We have made the ecosystem where the investor will be benefitted if they invest in Odisha.”

FICCI-PwC knowledge paper ‘India: A global manufacturing hub for chemicals and petrochemicals’ was released during the event.

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