Chemical Industry
Union Minister of Commerce and Industry, Shri Piyush Goyal, emphasized the potential of the chemicals and petrochemical industry to drive technology and innovation in India during the 7th Indian Chemicals and Petrochemicals Conference. He highlighted the government's commitment to balanced growth, the importance of integrating with global markets,
Export Obligation
The Indian government has extended the Export Obligation period for chemical products under Advance Authorization from 6 months to 18 months. This decision, made by the Directorate General of Foreign Trade (DGFT) at the request of the Department of Chemicals and Petrochemicals (DCPC), aims to provide relief to exporters and
NITI Aayog
NITI Aayog has launched a report titled 'Chemical Industry: Powering India’s Participation in Global Value Chains', outlining a roadmap for transforming India's chemical sector into a global powerhouse. The report aims for India to achieve a USD 1 trillion chemical output by 2040, increasing its