
  
  <p style="text-align:justify;">
  Market size of Chemicals & Petrochemicals sector in India is worth around $178
  bn. market is projected to reach $300 bn by 2025. Chemicals industry in India is
  highly diversified, covering more than 80,000 commercial products. It is broadly
  classified into Bulk chemicals, Specialty chemicals, Agrochemicals,
  Petrochemicals, Polymers and Fertilizers. India&apos;s proximity to the Middle East
  countries which are the world&apos;s source of petrochemicals feedstock and makes
  for economies of scale. Demand of chemical products is expected to grow at
  approximately 9% p.a. during 2020-25. Government has initiated various
  reforms such Public Procurement (Preference to Make in India) -Notifying
  Chemical & Petrochemical Products in furtherance of the order, Scheme for
  setting up plastic parks, centres of excellence, Chemicals Promotion and
  Development Scheme, Proposed New PCPIR Policy 2020-35. ASSOCHAM
  National Councils on Chemical and Petrochemical is formed with the objective
  to take regularly take up National and Global issues of prime importance to the
  interests of its members. It continuously interacts with the Central and State
  Governments and play an important role in the shaping various policy
  formulation.
  
  </p>