India’s chemical industry
Posted on : 20 Feb 2020Views: 2130
- India’s Chemicals industry is highly diversified, covering more than 80,000 commercial products.
- It is broadly classified into Bulk chemicals, Specialty chemicals, Agrochemicals, Petrochemicals, Polymers and Fertilizers.
- India is a strong global dye supplier, accounting for approximately 16% of the world production of dyestuff and dye intermediates.
- In 2017-18, the sector produced 49 million tonnes of chemicals and petrochemicals. Alkaline accounts for 69 per cent of India’s chemical production and polymer accounts for 59 per cent of petrochemical production.
- The domestic chemicals industry will reach $304 billion by 2025 from the current $163 billion.
- Furthermore, India will develop manufacturing hubs at Dehej in Gujarat, Vishakhapatnam in Andhra Pradesh, Paradip in Odisha and Cuddalore in Tamil Nadu.
- 100% FDI is allowed under the automatic route in the chemicals sector (except in the case of certain hazardous chemicals).
Article Related Questions
With reference to the India’s chemical industry, consider the following statements
1.At present, India’s chemical industry is the second largest in the world, after the United States.
2.Methyl isocyanate is completely banned in India.
3.India accounts for 1% of the world production of dyestuff and dye intermediates.
Which of the above statement(s) is/are correct?
2.2 and 3 only
4.None of the above
Right Ans : None of the above