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Petrochemicals play a vital role in economic development and growth of the country as it enables the growth of other sectors in economy which includes agriculture, infrastructure, healthcare, textiles and consumer durables.
The petrochemical industry is currently facing difficulty with pressure on prices and margins.
Issue: Even after seven years of the Petrochemical Policy rollout, nothing much has happened.
FICCI Stand: FICCI is facilitating Review of Petrochemicals policy to make it effective.
Issue: Adverse Impact of Free Trade Agreements (FTAs). FTAs create an ‘inverted duty structure’ making it cheaper to import a finished product rather than manufacturing or assembling it in India.
FICCI Stand: FICCI has been constant in seeking a review of such FTAs as also lowering of import duties for feedstocks to facilitate domestic production.
Issue: Lack of feedstock
FICCI Stand: PCPIR concept being reviewed at FICCI initiative with planned allocation of feedstock for downstream industry. Potential of coal chemicals being considered.To reduce import duty on feedstock and also to encourage renewable/green feed stocks brought to the table.
Petrochemicals play a vital role in economic development and growth of the country as it enables the growth of other sectors in economy which includes agriculture, infrastructure, healthcare, textiles and consumer durables.
The petrochemical industry is currently facing difficulty with pressure on prices and margins.
Domestic industry has made huge investments in creating new capacities for products like Polyethylene and Polypropylene.
In order to maintain the financial viability of these new investments, appropriate fiscal support is critical. In certain key products like Poly Vinyl Chloride, investment has been severely lagging demand growth due to a lack of a facilitative fiscal structure. This is undermining the “Make in India” campaign and the vision for India’s leadership in manufacturing.
There are already large imports and huge outflow of foreign exchange. The situation would get aggravated as the trade gap continues to widen.
Per capita plastic consumption in India is still hovering at 11 kgs as compared to 46 kgs in China 65 Kgs in Europe and above 100 kgs in USA. . This signifies huge potential for future However, this sector also has negative public perception basically for reasons of improper plastic waste.
Team Leader
Manoj Mehta
Senior Director
2024
2023
2022
2021
2020
2019
2017
2016
2015
2014
2013
2012
Oct
Press Release
Indian chemicals and petrochemicals industry likely to reach $1 trillion by 2040; Sustainability is the future: JP Nadda
Jul
Press Release
Government working on a policy to establish Chemical Parks: Dr Mansukh Mandaviya
Press Release
Indian bioeconomy likely to reach $ 100 bn by 2025: Dr Jitendra Singh, MoS (I/C), Department of Science and Technology, GoI
Press Release
Role of chemical and petrochemicals industry imperative in government’s commitment to low carbon strategies: Bhupender Yadav
Event
3rd Edition Summit on Global Chemicals & Petrochemicals Manufacturing Hubs in India
Explore
Press Release
Government to consider PLI scheme for Indian Chemicals & Petrochemicals sector: Nirmala Sitharaman
Study
Harnessing the Potential of Sustainable Manufacturing and Circular Economy in the Indian Chemical Industry
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Press Release
Promoting circular economy will help embrace sustainability and is the need of the hour: Piyush Goyal
Feb
Event
India Petrochemicals - Tech Summit 2023
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Jan
Event
FICCI National Petrochemicals & Plastics Committee Meeting
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Sep
Event
3rd Meeting of Advisory Forum for Chemicals & Petrochemicals
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Jul
Study
Study on Pooling of Naphtha
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Feb
Press Release
Chemicals and Petrochemicals sector to play key role in achieving $5 trillion economy target: Mansukh Mandaviya
Event
Industry Connect 2022: Industry and Academia Synergism
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Dec
Event
UK - India Chemicals Webinar
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Nov
Study
Evolving horizons: The Indian chemical and petrochemical industry
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Press Release
India ready to become global destination for investment: Dr Mansukh Mandaviya
Event
Summit on
Global Chemicals & Petrochemicals
Manufacturing Hubs in India 2021
Jul
Press Release
India will be one of the first nations to come out of COVID-19: Mansukh Mandaviya
Event
Impact and Implications of COVID19 on Plastics Industry & Way Forward
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Jun
Event
Interactive Webinar on Impact and Implications of COVID19 on Agrochemicals Industry & Draft Order for Banning of 27 Molecules
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Nov
Press Release
Indian chemicals and petrochemicals sector to grow into $304 billion market by 2025: D.V. Sadananda Gowda, Minister, Chemicals and Fertilizers
Study
PCPIR Rejuvenation Study
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Event
Summit on Global Chemicals & Petrochemicals Manufacturing Hubs in India
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Press Release
FICCI fully supports PM Narendra Modi's decision against joining RCEP
Sep
Press Release
Huge potential for increasing India-Mongolia economic relations: Dharmendra Pradhan, Minister for Petroleum & Natural Gas and Steel
May
Study
White Paper - Impact of Free Trade Agreements on Indian Petrochemical Industry
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Study
White Paper on PCPIR Policy Review
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Apr
Study
Knowledge Paper on Potential of Plastic Industry in Northern India with focus to Plasticulture & Packaging
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Event
Conference on Potential of Plastics Industry in Northern India with special focus to Plasticulture and Packaging
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Mar
Study
Knowledge Paper on Plastic Industry for Infrastructure
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Feb
Event
3rd National Conference on Plastic Processing with focus to "Sustainable Infrastructure"
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May
Press Release
Plasticulture can play an important role in judicious usage of water
Press Release
Agriculture output can be increased by INR 68,000 Cr by using Plasticulture applications - FICCI-TSMG report
Study
FICCI-TSMG report 'Role of Plasticulture in Next Generation Agriculture'
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Event
5th National Conference on Potential of Plasticulture in India
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Jan
Study
A Report on Plastic Industry January 2016
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Event
3rd National Conference on Polymoers and Plastics: ``Poly India-2016``
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Event
Poly India 2016
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Press Release
Organized retail and boom in e-commerce to fuel growth of plastic packaging, per capita consumption to be doubled in five years
Press Release
Wide scope for industries based on re-cycling of plastics waste
Study
Plastic Packaging - The Sustainable Choice: A Report on Plastic Industry
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Event
2nd National conference on Plastics Packaging - The Sustainable Choice
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Dec
Study
White Paper on 'Enhancing Competitiveness of Indian PVC & Caustic Soda Industries'
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Oct
Press Release
FICCI calls for a relook at the gas pricing formula to reflect realities of Indian markets
Jul
Event
Symposium on Coal Gasification
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Jun
Study
Knowledge Paper on Plastics Industry
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Event
4th Conference on Potential of Plastics Industry in Northern India with focus to Plasticulture (Micro Irrigation and Post-Harvest Management)
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May
Press Release
Plastic Packaging-the Smarter and more Sustainable Choice, Says FICCI and Strategy&
Feb
Event
GMP Strengthening for Indian Pharmaceutical Manufacturers focused on GMP in production of Active Pharmaceutical Ingredients and Oral Solid Dosage Forms
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Dec
Study
Knowledge Paper on 'New Horizons for Indian Plastic Processing Industry'
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Event
National Conference on 'New Horizons For Plastic Processing Industry'
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Oct
Study
FICCI Concept Note on Reverse SEZ
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Jun
Event
Conference on Potential of Plastic Industry in the Northern India
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Study
Potential of Plastics Industry in Northern India with Special Focus on Plasticulture and Food Processing-2014: A Report on Plastics Industry
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Study
Knowledge and Strategy paper on "Potential of Plastics Industry in North India" with special focus to plasticulture
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Event
Conference on Potential of Plastic Industry in North India with special focus to Plasticulture
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Apr
Study
Knowledge and strategy paper on opportunities in engineering plastics
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Event
2nd International Conference & Exhibition on Plastics & Petrochemicals: Poly India 2013
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Oct
Event
IndiaChem 2012
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Jun
Study
Potential of Plastics industry in North India
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Event
Potential of Petrochemical Sector in Northern India with special focus on Downstream Plastic Industry
Explore
