Centre plans to bring PLI scheme for chemicals, petrochemicals sectors: Sitharaman: The central government has said that it will look at bringing a productivity linked incentive (PLI) scheme for the chemicals and petrochemicals sector.
As of now, the government has rolled out 14 PLI schemes for various sectors like telecom, Pharma and textiles among others.
Sitharaman said that the chemicals and petrochemicals sectors have a direct bearing on several sectors like construction, packaging, textile and agriculture.
She also said that India is being seen as an alternate destination for manufacturing in the chemicals and petrochemicals sectors. India’s contribution to speciality chemicals is $32 billion.