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. https://www.chemarc.com/feed/article/govt-says-fdi-in-chemical-industry-very-low-asks-industry-to-introspect/5d65febc7d17067b677564f7
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GOVT SAYS FDI IN CHEMICAL INDUSTRY VERY LOW; ASKS INDUSTRY TO INTROSPECT
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. READ MORE