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People & Business :: Companies

Bottlenecks hamper India’s chemical industry PCPIRs yet to be implemented effectively

1:58 PM MDT | April 26, 2013 | —Deepti Ramesh in Mumbai

India’s chemical industry, including its specialty chemicals sector, has huge potential to grow. However, issues such as poor infrastructure; slow progress in the establishment of petroleum, chemicals, and petrochemical investment regions (PCPIRs); and land and feedstock availability are slowing the pace of growth and discouraging investments, said experts at the Chemical Weekly annual business outlook conference, held in Mumbai earlier this month. Mumbai conference: India, despite challenges, to double share in global chemical industry sales by 2017...

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