India’s chemical industry targets $1 trillion market by 2040 says JP Nadda
- Union Minister JP Nadda said India aims to build a $1 trillion chemical industry by 2040.
- He announced the target while inaugurating the 14th India Chem 2026 event in Mumbai on October 22.
- The government’s proposed Bhavya Rasayan scheme offers ₹1,000 crore per chemical park, with states contributing at least ₹500 crore.
- India’s chemicals industry is projected to reach $300 billion by 2030, driven by manufacturing growth and investment.
Source: newsonair.gov.in
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