+
India Targets $87 Billion Petrochemical Investment
ECONOMY & POLICY

India Targets $87 Billion Petrochemical Investment

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.

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.

Next Story
Infrastructure Urban

India to Invest Rs 600 Billion to Upgrade 1,000 ITIs

As part of its drive to modernise vocational training, the Ministry of Skill Development and Entrepreneurship (MSDE), in collaboration with Gujarat’s Labour and Employment Department, held a State-Level Workshop at the NAMTECH Campus within IIT-Gandhinagar to discuss the National Scheme for ITI Upgradation.The consultation brought together key stakeholders from industry and the training ecosystem to align expectations and support implementation of the scheme, which aims to transform 1,000 Industrial Training Institutes (ITIs) across India using a hub-and-spoke model. The total outlay stands ..

Next Story
Infrastructure Urban

India Unveils Rs 600 Billion Maritime Finance Push

The Ministry of Ports, Shipping & Waterways (MoPSW) hosted the Maritime Financing Summit 2025 in New Delhi, bringing together over 250 stakeholders including policymakers, industry leaders, global investors, and financial institutions. The summit, held under the ambit of Maritime Amrit Kaal Vision (MAKV) 2047, focused on transforming India into a leading maritime power with strengthened financial, infrastructural, and technological capabilities.Union Minister Sarbananda Sonowal emphasised India's strategic progress, noting that average port turnaround times have dropped from four days to u..

Next Story
Infrastructure Urban

Govt Allocates Rs 500 Million To Boost Community Radio

The Central Government, through its ‘Supporting Community Radio Movement in India’ scheme, has allocated Rs 500 million to strengthen the community radio ecosystem across the country. The initiative aims to assist both newly established and long-operational Community Radio Stations (CRSs), ensuring their relevance to local educational, social, cultural, and developmental needs.According to the policy published by the Ministry of Information and Broadcasting, CRSs may be set up by not-for-profit organisations with at least three years of demonstrated community service. These stations are ex..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?