Engineering & Infrastructure Projects Presentation slide image

Engineering & Infrastructure Projects Presentation

India's Chemical industry: Unleashing the next wave of growth Bulk chemicals Petrochemicals & polymers Fertilisers Specialty chemicals Agrochemicals (EIL) The Indian chemicals industry is highly diversified, covering >80,000 products and employing >2 million people. The chemical industry is expected to contribute US$ 300 billion to India's GDP by 2025. A 2034 vision for the chemicals and petrochemicals sector has been set up by the govt to explore opportunities to improve domestic prodn, reduce imports & attract investments in sector. Govt plans to implement production-link incentive system with 10-20% output incentives for agrochemical sector; to create an end-to-end manufacturing ecosystem through growth of clusters. The Indian specialty chemicals sector is expected to increase at a CAGR of 12.4%, from US$ 32 billion in 2019 to US$ 64 billion by 2025(est). An investment of Rs. 8 lakh crore (US$ 107.38 billion) is estimated in the Indian chemicals and petrochemicals sector by 2025. Delivering Excellence through People 42
View entire presentation