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Union Minister for Chemicals and Fertilizers JP Nadda has reiterated the crucial role of the petrochemicals and the chemical sector in achieving the vision of Prime Minister Narendra Modi of achieving a $5 trillion economy by 2025. He announced that the government is prepared to make significant policy and programme interventions to overcome challenges faced by chemicals and petrochemicals industry and stimulate the sector’s growth.

He stated ‘As Prime Minister Modi desires that we have to become a $ 5 trillion economy, we have to align our programs and policies accordingly to see to it that the petrochemical industry, chemical industry also go in the same way and align itself so that we all together contribute to achieving that five trillion economy goal.’

The Government is committed to the growth of the industry and has initiated numerous structural reforms to support industrial development in general, and to strengthen the chemical sector in particular, Nadda said adding that that this sector is a top priority for the Government. He added ‘As a minister, I can assure you that whatever interventions are needed in policies, in programs, whatever changes in the strategies are needed, the government is committed to it, and we will go forward.’