India Chem 2022

Share with Your Friends

India Chem 2022

Recently the 12th Biennial International Exhibition and Conference – India Chem 2022 has been inaugurated in New Delhi.

The conference theme is “Vision 2030: Building India through Chemicals and Petrochemicals”.

Status of Chemical Industry in India:

  • India’s chemical industry is extremely diverse and can be broadly classified into bulk chemicals, specialty chemicals, agrochemicals, petrochemicals, polymers and fertilizers.
  • India is the fourth largest producer of agrochemicals globally, after the United States, Japan and China.
  • India is the sixth largest producer of chemicals in the world.
  • India is the second largest producer and exporter of dyes, accounting for 16 per cent of the global production.
  • Except for a few hazardous chemicals, the chemical industry in the country does not require a license.
  • India occupies an important place in the export and import of chemicals globally. It ranks fourteenth in exports (excluding pharmaceuticals) and eighth in imports.

Indian Initiatives:

  • Under the Union Budget 2022-23, the government allocated Rs 209 crore to the Department of Chemicals and Petrochemicals.
  • ‘Production-Linked Incentive’ (PLI) schemes have been introduced to promote bulk drug parks.
  • To create an end-to-end manufacturing ecosystem through cluster development, the government is planning to implement PLI system with 10-20% output incentive for agrochemical sector.
  • The target of 2034 for the chemical and petrochemical sector has been set by the government to explore opportunities to improve domestic production, reduce imports and attract investments in the sector.

Source – PIB

Download Our App

More Current Affairs

Click to Join Our Current Affairs WhatsApp Group

Join Our Whatsapp Group For Daily, Weekly, Monthly Current Affairs Compilation & Daily Mains Answer Writing Test & Current Affairs MCQ

In Our Current Affairs WhatsApp Group you will get daily Mains Answer Writing Question PDF and Word File, Daily Current Affairs PDF and So Much More in Free So Join Now

Register For Latest Notification

Register Yourself For Latest Current Affairs

December 2022
M T W T F S S
« Nov    
 1234
567891011
12131415161718
19202122232425
262728293031  

Mains Answer Writing Practice

Recent Current Affairs (English)

Current Affairs (हिन्दी)

Subscribe Our Youtube Channel

Register now

Get Free Counselling Session with mentor

Download App

Get Youth Pathshala App For Free

Open chat
1
Youth Destination IAS . PCS
To get access
- NCERT Classes
- Current Affairs Magazine
- IAS Booklet
- Complete syllabus analysis
- Demo classes
https://online.youthdestination.in/