Make in India: Petrochemicals | 28 January, 2024

#petrochemicals #industry #makeinindia

The Indian chemical and petrochemical industry plays a crucial role in the development of the country’s industrial and agricultural sectors, and has reached significant milestones in terms of capacity additions and value growth in the last 70 years. More than 80,000 varieties of chemicals and petrochemicals are manufactured in the country and the industry employs over two million people.1 India is known for the export of specialty chemicals and specific agrochemicals, dyes, and pigments. Huge investment opportunities exist across all the chemical and petrochemical segments in India. In recent years, India is emerging as one of the competitive and high-quality manufacturing destinations in the global market, attracting foreign investments. Presently, India’s chemical and petrochemical industry holds a significant position in the world market, worth 178 billion USD, and it is expected to grow to about 300 billion USD by 2025. The pandemic has compelled the global chemical and petrochemical industry to diversify its supply chain base to regions which offer a more lucrative business ecosystem with favourable investment policies. India appears as one of the major potential investment regions with Asia’s growing contribution to the production and sales of the CPC industry. The chemical and petrochemical industry in India also forms an integral part of the growing Indian manufacturing industry and the country’s economic growth. It occupies an indispensable position in meeting the basic needs and improving the quality of life of the population through its numerous direct and indirect linkages in most of the industrial segments like agriculture, food and beverages, textile, rubber, petroleum refining, and others. Also known as petroleum distillates, these chemicals are derived from petroleum and natural gas by refining. It includes polymers, synthetic fibres, performance plastics and others.

Anchor, Producer & Coordination: Kriti
Video Editor: Bikas
Camera: Jitendra, Raj
Camera Assistant: Pradeep

Music Courtesy: Law 2B Studio
: This Is Epic StudioKolomna
: Epic Motivational StereojamMusic

Watch the other videos on our playlist:
   • Make In India  

Sansad Television is the Parliamentary channel of India. It was created in 2021 by merging Lok Sabha Television and Rajya Sabha Television.

Follow us on:
-Twitter:   / sansad_tv  
-Insta:   / sansad.tv  
-FB:   / sansadtelevision  
-Koo: https://www.kooapp.com/profile/Sansad_TV

Subscribe to Sansad TV YouTube Channel:    / sansadtv  

Visit Sansad TV website: https://sansadtv.nic.in/