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Chemicals, petchem sector can contribute in achieving $5 tn economy: Gowda

Chemicals and petrochemicals sector has huge potential and can contribute significantly towards achieving the government's target of USD 5 trillion economy, Union Minister Sadananda Gowda said

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D V Sadananda Gowda | Petrochemicals | Indian Economy

Press Trust of India  |  New Delhi 

sadananda gowda
Sadananda Gowda

The chemicals and sector has huge potential and can contribute significantly towards achieving the government's target of USD 5 trillion economy, Union Minister Sadananda Gowda said on Tuesday.

The minister of chemicals and fertilisers presented the 10th National Awards for technology innovation in petrochemical and downstream plastic processing industry here.

Having vast potential, the chemicals and sector could emerge as a leading sector in achieving Prime Minister Narendra Modi's vision of reaching USD 5 trillion economy at the earliest, Gowda said in a tweet.

"India has potential to become a global petrochemical hub & factors like high GDP growth, presence of skilled manpower, big domestic market makes India an attractive platform for investment in the sector," he tweeted.

In the current edition of the national awards, 273 nominations were received, out of which four were selected as winners and nine as runners-up.

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

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First Published: Tue, February 23 2021. 22:58 IST
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