New Delhi, Feb 26 (KNN) Indian chemicals and petrochemicals industry will play a key role in achieving the USD 5 trillion target under the Atamanirbhar Bharat vision, said Dr Mansukh Mandaviya, Union Minister of Health & Family Welfare and Chemicals & Fertilizers.

“The basic material for over 80,000 industries is provided by the chemicals and petrochemicals sector,” he added.

He said this while addressing ‘Industry Connect 2022 – Industry and Academia Synergy’, organized by CIPET in association with FICCI. 

He noted that the average global logistic cost of GDP is around 9 per cent and in India it is 14 per cent of GDP. 

“I believe that by recognizing our strengths, we have to move forward,” he said.

Dr Mandaviya said that the government introduced PLI scheme in various sector and we are also working to bring PLI for chemicals sector.

Bhagwanth Khuba, Minister of State, Ministry of Chemicals & Fertilizers & MNRE, said that India has shown its strength to the world and today it is exporting ventilators, masks, PPE Kits etc to the world. 

He also stated that CIPET is not only an academic institution but also an industry supporting organization.  (KNN Bureau)