Chemicals, petchem sector can contribute in achieving $5 tn economy: Gowda
The chemical compounds and petrochemicals sector has enormous potential and might contribute considerably in the direction of reaching the federal government’s goal of USD 5 trillion financial system, Union Minister Sadananda Gowda stated on Tuesday.
The minister of chemical compounds and fertilisers introduced the 10th Nationwide Awards for know-how innovation in petrochemical and downstream plastic processing business right here.
Having huge potential, the chemical compounds and petrochemicals sector may emerge as a number one sector in reaching Prime Minister Narendra Modi’s imaginative and prescient of reaching USD 5 trillion financial system on the earliest, Gowda stated in a tweet.
“India has potential to turn into a worldwide petrochemical hub & components like excessive GDP development, presence of expert manpower, massive home market makes India a pretty platform for funding within the sector,” he tweeted.
Within the present version of the nationwide awards, 273 nominations had been obtained, out of which 4 had been chosen as winners and 9 as runners-up.
(Solely the headline and movie of this report might have been reworked by the Enterprise Normal workers; the remainder of the content material is auto-generated from a syndicated feed.)
Enterprise Normal has at all times strived onerous to offer up-to-date info and commentary on developments which can be of curiosity to you and have wider political and financial implications for the nation and the world. Your encouragement and fixed suggestions on enhance our providing have solely made our resolve and dedication to those beliefs stronger. Even throughout these tough instances arising out of Covid-19, we proceed to stay dedicated to retaining you knowledgeable and up to date with credible information, authoritative views and incisive commentary on topical problems with relevance.
We, nonetheless, have a request.
As we battle the financial impression of the pandemic, we want your help much more, in order that we are able to proceed to give you extra high quality content material. Our subscription mannequin has seen an encouraging response from lots of you, who’ve subscribed to our on-line content material. Extra subscription to our on-line content material can solely assist us obtain the objectives of providing you even higher and extra related content material. We consider in free, honest and credible journalism. Your help via extra subscriptions can assist us practise the journalism to which we’re dedicated.