India, Nov. 7 -- India's chemicals and petrochemicals industry, currently valued at around $220 billion, is projected to grow to $300 billion by 2030 and $1 trillion by 2040. Government initiatives, rising production, foreign investment and dedicated chemical parks are expected to strengthen India's position in the global chemicals manufacturing industry.

Key Highlights

India's chemicals and petrochemicals industry targets $300 billion by 2030. Industry valuation is projected to reach $1 trillion by 2040. FDI inflows reached Rs 1,04,895 crore during 2014-2026. BHAVYA Rasayan Scheme provides Rs 3,030 crore to develop three dedicated chemical parks. New Delhi, Nov 07: India's chemicals and petrochemicals industry is projected to grow fro...