Summary
The Indian petrochemicals industry witnessed rapid growth in the last decade. Its petrochemicals production capacity has doubled from 2000 to 2010. India’s rapidly growing economy has resulted in the growth of end-use sectors such as automobiles, textiles and fibers. The increased consumption by these end use sectors has boosted the petrochemicals demand in the country. To meet this growing demand, several new petrochemical projects are being planned in India. It is expected that India’s petrochemical capacity will increase by more than 50% in 2015. Government policies are also encouraging petrochemicals producers to set up new plants in sector specific Special Economic Zones (SEZs). This growth in capacity is lead by major petrochemicals producers such as Reliance Industries Limited and Indian Oil Corporation Limited.
Scope
- Analyses India’s economic growth and favorable government policy advantage for the petrochemical industry
- Details planned projects in petrochemicals industry in India
- Analyses restraints for petrochemicals industry in India
- Understand the drivers for petrochemicals industry in India
- Formulate strategies based on the upcoming capacities in India