India witnesses significant Growth in the Chemicals & Petrochemicals Sector over the last 12 Years

The article highlights the significant growth and development in India's Chemicals & Petrochemicals sector over the last twelve years, driven by policy reforms, infrastructure development, capacity building, skill development, quality enhancement, and investment promotion initiatives by the Department of Chemicals & Petrochemicals (DCPC). Key initiatives include the Chemical Promotion and Development Scheme (CPDS), establishment of Petroleum, Chemicals and Petrochemicals Investment Regions (PCPIRs), Plastic Parks, and Centres of Excellence. The sector has seen substantial FDI inflow and job creation. Emphasis has been placed on safe and judicious use of pesticides, training for hazardous chemical handling, Quality Control Orders (QCOs), and plastic waste management through bodies like HIL (India) Limited, Institute of Pesticide Formulation Technology (IPFT), and Central Institute of Petrochemicals Engineering & Technology (CIPET). The recently approved BHAVYA Rasayan Scheme aims to establish three Chemical Parks based on a cluster-based plug-and-play model, promoting domestic manufacturing and circular economy principles.