Govt considering PLI for chemical, petrochemicals sector: FM Sitharaman
The government is considering a separate production linked incentive (PLI) scheme for chemicals and petrochemicals, said Finance Minister Nirmala Sitharaman on Thursday.
Global manufacturers are interested in India where the sector is linked to 80,000 products, she said at the third Global Chemicals & Petrochemicals Manufacturing Hub summit organised by industry association Ficci.
“We are in favour of India becoming a manufacturing hub, and therefore of course we will consider a PLI scheme also for chemicals and petrochemicals,” said Sitharaman.
