Published on September 22, 2018

The central government said it wants to promote environment friendly chemicals and petrochemical units. Chemicals and Petrochemicals Secretary P Raghavendra Rao said the government will encourage companies which promotes environment friendly units. He said the government was focusing at agro chemicals and petrochemicals sectors.

According to analysis, chemicals will turn into a USD 384 billion industry by 2025. Government wants more chemicals and petrochemicals parks and it was trying to have conducive environment to encourage investment in this sector.

Government was also considering making the Plastic Park and Petroleum Chemicals and Petrochemicals Investment Region policy more attractive.