India Targets $87 Billion Petrochemical Investment

22 Oct 2024 CW Team

India is set to witness a significant boost in its petrochemical sector, with plans to attract an investment of $87 billion over the next decade. Union Minister Dharmendra Pradhan emphasized the strategic importance of this sector in driving industrial growth and contributing to the nation’s overall economic development.

This substantial investment is aimed at increasing India's production capacity for petrochemical products, which play a vital role in manufacturing a wide range of essential goods, including plastics, chemicals, fertilizers, and pharmaceuticals. The growing demand for these products domestically and internationally makes the petrochemical sector a key driver of economic progress.

The planned investment will focus on creating new production facilities, expanding existing infrastructure, and promoting research and development to foster innovation within the industry. The government’s vision includes attracting both domestic and foreign investors to fuel the expansion and modernization of India's petrochemical capabilities. This initiative is aligned with India’s broader push for self-reliance and industrial strength.

Key infrastructure projects will be set up in major industrial zones across the country, strategically positioned to tap into domestic and international markets. As the demand for petrochemical products continues to rise, this investment will enable India to meet both its internal requirements and global export opportunities.

The investment is expected to generate substantial employment opportunities while enhancing the industrial infrastructure. It also aligns with India’s broader economic goals, including achieving energy security and contributing to the overall growth of the manufacturing sector.

As India embarks on this ambitious project, the petrochemical industry is poised to play a pivotal role in the country’s economic trajectory, providing a strong foundation for industrial and economic growth over the coming decade.

Infrastructure Transport

01 Sep 2025

Indian Railways Marks New Milestone with 4.5 km Long ‘Rudrastra’ Trial

Indian Railways has successfully conducted the trial run of Asia’s longest freight train, named ‘Rudrastra’, achieving a new milestone in cargo transportation, as per news reports. The 4.5 km-long train began its trial from Ganjkhwaja railway station in Chandauli, Uttar Pradesh, and travelled to Garhwa in Jharkhand. Covering a distance of 209 km in 5 hours and 10 minutes, it maintained an average speed of 40.5 km per hour. The train was formed by combining three long-haul racks, with ..

UltraTech Launches India’s First On-Site Hybrid RTC Renewable Energy Project

UltraTech Cement has operationalised a 7.5 MW round-the-clock (RTC) hybrid renewable energy project at its Sewagram Cement Works in Gujarat. The first-of-its-kind solution combines bifacial solar modules with trackers, wind energy and battery storage, co-located on-site, to ensure uninterrupted power for cement manufacturing without grid reliance. The project was executed in collaboration with clean energy solutions provider Gentari. Installed as a behind-the-meter system, it is the country..

Patna Metro Trials Successful, Red Line Priority Corridor to Launch This Month

Patna is set to roll out its first metro rail service later this month, with successful trial runs conducted on the Red Line priority corridor, the Patna Metro Rail Corporation announced.On 7 September, a metro train completed a test run between the Patna depot and Bhootnath station. Officials said the trials involved rigorous checks of rolling stock fitness, overhead electrification (OHE), and track alignment and stability to ensure operational safety and performance.The corridor from the New Pataliputra Bus Terminal to Bhoothnath has been designated as the priority stretch and will be the fi..