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With demand going up, I am bullish on petrochemicals: Nikunj Dhanuka

Budget should take steps to revitalise investment in the industry, says IG Petrochemicals MD

Nikunj Dhanuka,MD & CEO, IG Petrochemicals
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Nikunj Dhanuka,MD & CEO, IG Petrochemicals

Nikunj Dhanuka
Any breakthrough requires bold measures and path-breaking decisions. Prime Minister Narendra Modi’s demonetization initiative has brought historic changes to the Indian economy. Not only are the banks recapitalised; there are considerations of spending $ 3 trillion on infrastructure. This would change the quality of lives of people and the economy would take the next step into globalisation. 

The last few quarters have seen margins jump up as a result of factors such as high demand and low supply, improved efficiency in production, lowered costs etc. Add to this the growth story of India and we are in a rapid growth