Indian Government making perspective plan for chemicals, petrochemicals

The center is in the process of preparing a perspective plan for the chemicals and petrochemicals industry in order to project the demand-supply scenario in the future, an official said on Thursday.

"We are in the process of preparing a perspective plan for the industry. It will concentrate on the demand-supply scenario in future and also outline the gaps in the sector," Department of Chemicals and Petrochemicals Secretary Raghavendra Rao said here.

The growth potential of the chemicals and petrochemicals sector is the maximum in the east as the per capita consumption in the eastern states is less as compared to that of the western region, he said at an industry meet ahead of 'India Chem 2018' to be held in Mumbai during October 4-6.

He said the contribution of the industry to India's manufacturing sector could touch 25 percent in a decade or so from about 10 percent now.