Chemicals |
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The Indian chemical industry is at the threshold of rapid growth with the Government of India providing an atmosphere of support and encouragement. The Chemicals Industry comprises both small and large scale units. The fiscal concessions granted to small sector in mid-eighties led to establishment of large number of units in the small scale industry (SSI) sector. Currently, the Indian Chemical Industry is in the midst of major restructuring and consolidation phase. From April 2000 to May 2015, total foreign direct investment (FDI) inflows into the Indian chemicals industry (excluding fertilisers) were USD 10.5 billion. The Government of India has been supportive to the sector. 100 per cent FDI is permissible in the Indian chemicals sector while manufacturing of most chemical products is de-licensed. The government has also been encouraging Research and Development (R&D) in the sector. |
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