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Rationalise duties to boost investment in chemical industry: Sudhir Shenoy

More clarity in IPR regulations would benefit the industry & encourage R&D activities in India

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Sudhir Shenoy, CEO, Dow India

Last Updated : Jan 31 2017 | 5:34 PM IST

The chemical industry can play a major role in making India a global manufacturing hub. Realising this potential, the Government has already included the chemical industry amongst the key sectors under its ‘Make in India’ initiative. At present, the Indian chemical industry accounts for less than 16 percent of India’s manufacturing sector, according to Assocham.

The outlook for the Indian chemical industry is positive over the long term, considering government announcing a number of measures to improve competitiveness in the chemical sector.

A lot has been said about the inverted duty-structures in the recent times. Incentivising direct investment by optimising duty structures

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