Govt says FDI in chemical industry very low; asks industry to introspect

August 28, 2019

The government said foreign direct investment (FDI) in India's chemical sector is "meagre" at only 9 percent of the total inflow in the country in spite of conducive policy and asked the industry players to introspect the reasons for the same. Addressing a CII organised event, Chemicals and Fertiliser Minister D V Sadananda Gowda asked the industry to suggest if policy interventions are required to boost the growth of the sector which has the potential to reach from the current $163 billion to $304 billion by 2025. He also assured the industry to address major hurdles being faced like delay in getting green clearances and rollback of tax incentive for research and development (R&D) after taking feedback from experts and stakeholders. Already, the government has taken necessary measures to resolve the challenges and set up a Development Council and Advisory Forum for the chemical and petrochemical sector.

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TPC Group

Headquartered in Houston, Texas, TPC Group is a leader in providing highly specialized lines of chemical products to major chemical and petroleum-based companies worldwide. As North America’s largest producer of finished butadiene and the largest producer of butene-1, companies around the globe rely on us as their dependable supplier for hydrocarbon processing and other specialty chemicals. We are the sole producer of chemical grade diisobutylene in North America and the second largest active merchant producer of high purity isobutylene in North America. Our products are sold to a wide range of performance, specialty and intermediate markets, including synthetic rubber, fuel additives, plastics and surfactants. Put simply, we make the products that go into making the world’s tires, carpets, gasoline additives and many other essential items used in our daily lives.

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Spotlight

TPC Group

Headquartered in Houston, Texas, TPC Group is a leader in providing highly specialized lines of chemical products to major chemical and petroleum-based companies worldwide. As North America’s largest producer of finished butadiene and the largest producer of butene-1, companies around the globe rely on us as their dependable supplier for hydrocarbon processing and other specialty chemicals. We are the sole producer of chemical grade diisobutylene in North America and the second largest active merchant producer of high purity isobutylene in North America. Our products are sold to a wide range of performance, specialty and intermediate markets, including synthetic rubber, fuel additives, plastics and surfactants. Put simply, we make the products that go into making the world’s tires, carpets, gasoline additives and many other essential items used in our daily lives.

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