Chemicals, petchem sector can contribute in achieving $5 tn economy: Gowda

Chemicals, petchem sector can contribute in achieving $5 tn economy: Gowda

The chemical compounds and 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 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.)

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