Terming India's chemical and petrochemical industry a vital pillar of the country's economy, Union Minister J P Nadda on Friday said that there is a need to address the challenge of reliance on imported feedstocks. Addressing the 13th edition biennial international exhibition and conference, India Chem 2024, Nadda, who is the Minister of Chemicals and Fertilizers, said that the country embraces innovation, sustainability and self-rise, the sector will play a pivotal role in realizing the vision of Viksit Bharat in 2047. The Department of Chemicals and Petrochemicals in collaboration with FICCI organised the event on the theme of Advantage BHARAT: Indian Chemicals and Petrochemicals Paving the Future.' "Despite being successful, we must (also) address a significant challenge - the reliance on imported feedstocks. We must explore alternative feedstocks like biomass plastic waste and green hydrogen while also expanding domestic sources of natural gas and coal," Nadda said. Noting that
Haldia Petro is planning to invest around Rs 50,000 cr to convert this refinery into a petrochemical complex
The project would be an integrated state-of-the art modern refinery cum petrochemical complex, including a propylene unit to start with, Vaidya said
A MoU to be signed during Vibrant Gujarat summit next January