IANS | 27 Jul, 2023
The central government has said that it will look at bringing a
productivity 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.
