India aims to transform its chemical sector into a US$ 1 trillion global powerhouse by 2040, up from US$ 220 billion in 2023. A NITI Aayog report outlines sweeping reforms—ranging from fiscal incentives and infrastructure upgrades to skill development and R&D investments—to boost self-reliance, reduce the US$ 31 billion trade...
In agriculture, agrochemicals perform a twin role, a productive role in terms of increasing the crop yield, and a protective role against the attacks of insects and pests. Though the application of agrichemicals is progressively increasing in Indian agriculture, the overall usage of agrochemicals when compared to other countries is...
Indian chemical exports to RCEP member countries have been witnessing strong growth over the past few years. But preferential access to RCEP members could put Indian chemical companies at a disadvantage. IBT takes a closer look at the possible repercussions of the deal in the case of China, which happens...
India’s chemical industry has benefitted from a gradual shift from China over the past few years due to the latter’s stricter environment norms. The current post-COVID paradigm has further given India headroom for growth, particularly in the area of specialty chemicals. However, the industry at large must learn from the...
Peter Davidson, Executive Director, Tank Storage Association, proposes that a clear strategy be developed for the bulk liquid storage sector to meet the future challenges of energy transition. It is important to ensure that the sector continues to provide a transparent and seamless supply chain for fuels, chemicals, agriculture and...
Mukesh Parikh, Adjunct Professor, Adani Institute of Infrastructure Management, believes that with favourable policies like implementation of ease of doing business norms and development of coastal PCPIRs, private investment in the Indian chemical industry as well as the bulk liquid storage and logistics services is expected to increase. Image Credit:Â https://bit.ly/3gRF2zw...
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