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Union Minister Mansukh Mandaviya has said that India's chemical and petrochemical industry can play a significant role in the country's economic growth. He said chemicals and petrochemicals sector can transform India into a global manufacturing hub.

Mandaviya stressed that India needs to create its model to lead the global market in chemicals and fertilizers. He asked the companies and the Advisory Forum to create a futuristic strategy that would be in sync with the global demands and the emerging requirements of aligned industries. He noted that India can rise to the challenge; what is needed is a strategy which is focussed on outcomes. He also asked the industry and academia to partner in R&D which addresses the domestic requirements in the sector.

On July 10, 2019, an Advisory Forum for the Chemicals & Petrochemical sector has been constituted to identify impediments affecting the growth of the chemical and petrochemical sector in the country and to facilitate industry growth through policy interventions. The role of the forum is to provide a platform to the industry associations for raising issues that may be resolved in coordination with other ministries. It also offers an opportunity to stakeholders to provide their inputs for framing policies and taking new initiatives for making the country 'Atmanirbhar' in the sector.