India Chemical Industry Outlook 15 April-16 April, 2008 Mumbai, India

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India’s Plans for Growth: New Investment Regions

The Indian government launched a national policy in May to drive global investment and growth through the development of petroleum, chemical, and petchem investment regions (PCPIR). It also announced recently it would spend $9 billion over the next five years as part of a national petchem policy.

• What is the progress of this policy?
• What incentives is the government providing the industry to promote growth?  
• What is the update on investments resulting from the policy?

K.C. Misra, joint secretary, Department of Chemical & Petrochemicals, Ministry of Chemicals and Fertilizers

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