Petchem Industry Seeks Expansion

 India’s petrochemical industry is growing rapidly. Producers are rushing to build production capacity intended to meet demand that has increased on average 13%-14%/year during the last decade. Rapid expansion of the Indian petchem industry and market is likely to continue over the next few years as the country pursues its goal of becoming a major player in the sector, analysts say. Ambani: Planning major complex. Growth in the last decade was driven largely by polymers and synthetic fibers, which account for about 90% of total petchem consumption in...

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