India targets USD 1 trillion chemicals sector by 2040

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Union Chemicals and Fertilizers Minister J P Nadda on Monday emphasised the need to increase the size of the chemicals sector to USD 1 trillion by 2040 and said the government is focused on creating an ecosystem to boost investments for increasing domestic manufacturing capabilities. On Monday, Nadda chaired a CEO roundtable to deliberate on India’s ambition of building a USD 1 trillion Chemicals sector by 2040, an official statement said. The Department of Chemicals and Petrochemicals, Ministry of Chemicals and Fertilizers, in partnership with Invest India, organised the roundtable. Nadda “emphasised that the sector has to touch the USD…

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