Finance Minister Nirmala Sitharaman (Image courtesy: Finance Ministry)
The Centre is considering a proposal to bring a production linked incentive (PLI) scheme for the chemicals and petrochemicals sector.
Addressing an industry body event organised by FICCI, Finance Minister Nirmala Sitharaman on Thursday said that the government will consider a PLI scheme for the petrochemical and chemical sectors as India aims to become energy independent and achieve net-zero carbon emission by 2070.
As of now, the government has rolled out 14 PLI schemes for various sectors like telecom, Pharma and textiles among others.
Sitharaman said that the chemicals and petrochemicals sectors have a direct bearing on several sectors like construction, packaging, textile and agriculture.
She also said that India is being seen as an alternate destination for manufacturing in the chemicals and petrochemicals sectors. India’s contribution to speciality chemicals is $32 billion.
Also read: Nirmala Sitharaman’s Japan’s visit is key as India positions itself as the global manufacturing hub
India decisively asserted its military superiority over Pakistan during this month's brief but intense conflict,…
Trade associations and local business groups in Pakistan-occupied Gilgit-Baltistan (PoGB) launched an indefinite protest on…
A human chain and protest march was organized by various organizations in front of the…
The United States on Saturday announced the expansion of its security partnerships with India through…
Highlighting the use of indigenous platforms during Operation Sindoor, Chief of Defence Staff (CDS) General…
Congress MP Shashi Tharoor on Friday (local time) said that Colombia will issue a statement…