India`s petrochemical sector on track to touch $300 billion next year: Hardeep Singh Puri
Union Minister for Petroleum and Natural Gas Hardeep Singh Puri has said that India's petrochemical sector is on track to touch $300 billion next year, with the potential to reach upwards of $1 trillion in 2040. The growth in the sector means more jobs, growth, and a sustainable, self-sufficient future for every Indian.
He stated with initiatives like Petroleum, Chemicals and Petrochemicals Investment Regions (PCPIRs) and 100 per cent FDI, India is paving the way for global investors and building a cleaner, greener tomorrow.
With a rising population and an expanding middle class, the demand for products, from fertilizers to electronics, is skyrocketing in India. India is the world's sixth largest chemicals producer, there is still room to grow. India's per capita consumption is far below developed countries, which means massive potential.
