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Petrochemicals play a vital role in economic development and growth of the country as it enables the growth of other sectors in economy which includes agriculture, infrastructure, healthcare, textiles and consumer durables.
The petrochemical industry is currently facing difficulty with pressure on prices and margins.
Petrochemicals play a vital role in economic development and growth of the country as it enables the growth of other sectors in economy which includes agriculture, infrastructure, healthcare, textiles and consumer durables.
The petrochemical industry is currently facing difficulty with pressure on prices and margins.
Domestic industry has made huge investments in creating new capacities for products like Polyethylene and Polypropylene.
In order to maintain the financial viability of these new investments, appropriate fiscal support is critical. In certain key products like Poly Vinyl Chloride, investment has been severely lagging demand growth due to a lack of a facilitative fiscal structure. This is undermining the “Make in India” campaign and the vision for India’s leadership in manufacturing.
There are already large imports and huge outflow of foreign exchange. The situation would get aggravated as the trade gap continues to widen.
Per capita plastic consumption in India is still hovering at 11 kgs as compared to 46 kgs in China 65 Kgs in Europe and above 100 kgs in USA. . This signifies huge potential for future However, this sector also has negative public perception basically for reasons of improper plastic waste.
Team Leader
Manoj Mehta
Senior DirectorTimeline
2024
2023
2022
2021
2020
2019
2017
2016
2015
2014
2013
2012
Oct
Press Release
Indian chemicals and petrochemicals industry likely to reach $1 trillion by 2040; Sustainability is the future: JP Nadda
Jul
Press Release
Government working on a policy to establish Chemical Parks: Dr Mansukh Mandaviya
Press Release
Indian bioeconomy likely to reach $ 100 bn by 2025: Dr Jitendra Singh, MoS (I/C), Department of Science and Technology, GoI
Press Release
Role of chemical and petrochemicals industry imperative in government’s commitment to low carbon strategies: Bhupender Yadav
Press Release
Government to consider PLI scheme for Indian Chemicals & Petrochemicals sector: Nirmala Sitharaman
Study
Harnessing the Potential of Sustainable Manufacturing and Circular Economy in the Indian Chemical Industry
Press Release
Promoting circular economy will help embrace sustainability and is the need of the hour: Piyush Goyal
Feb
Jan
Sep
Jul
Feb
Press Release
Chemicals and Petrochemicals sector to play key role in achieving $5 trillion economy target: Mansukh Mandaviya
Dec
Event
UK - India Chemicals Webinar
Nov
Press Release
India ready to become global destination for investment: Dr Mansukh Mandaviya
Jul
Press Release
India will be one of the first nations to come out of COVID-19: Mansukh Mandaviya
Jun
Event
Interactive Webinar on Impact and Implications of COVID19 on Agrochemicals Industry & Draft Order for Banning of 27 Molecules
Nov
Press Release
Indian chemicals and petrochemicals sector to grow into $304 billion market by 2025: D.V. Sadananda Gowda, Minister, Chemicals and Fertilizers
Press Release
FICCI fully supports PM Narendra Modi's decision against joining RCEP
Sep
Press Release
Huge potential for increasing India-Mongolia economic relations: Dharmendra Pradhan, Minister for Petroleum & Natural Gas and Steel
May
Apr
Study
Knowledge Paper on Potential of Plastic Industry in Northern India with focus to Plasticulture & Packaging
Event
Conference on Potential of Plastics Industry in Northern India with special focus to Plasticulture and Packaging
Mar
Feb
Event
3rd National Conference on Plastic Processing with focus to "Sustainable Infrastructure"
May
Press Release
Plasticulture can play an important role in judicious usage of water
Press Release
Agriculture output can be increased by INR 68,000 Cr by using Plasticulture applications - FICCI-TSMG report
Jan
Event
3rd National Conference on Polymoers and Plastics: ``Poly India-2016``
Event
Poly India 2016
Press Release
Organized retail and boom in e-commerce to fuel growth of plastic packaging, per capita consumption to be doubled in five years
Press Release
Wide scope for industries based on re-cycling of plastics waste
Dec
Oct
Press Release
FICCI calls for a relook at the gas pricing formula to reflect realities of Indian markets
Jul
Jun
Event
4th Conference on Potential of Plastics Industry in Northern India with focus to Plasticulture (Micro Irrigation and Post-Harvest Management)
May
Press Release
Plastic Packaging-the Smarter and more Sustainable Choice, Says FICCI and Strategy&
Feb
Event
GMP Strengthening for Indian Pharmaceutical Manufacturers focused on GMP in production of Active Pharmaceutical Ingredients and Oral Solid Dosage Forms
Dec
Oct
Jun
Study
Potential of Plastics Industry in Northern India with Special Focus on Plasticulture and Food Processing-2014: A Report on Plastics Industry
Study
Knowledge and Strategy paper on "Potential of Plastics Industry in North India" with special focus to plasticulture
Event
Conference on Potential of Plastic Industry in North India with special focus to Plasticulture
Apr
Event
2nd International Conference & Exhibition on Plastics & Petrochemicals: Poly India 2013
Oct
Jun
Event
Potential of Petrochemical Sector in Northern India with special focus on Downstream Plastic Industry
