Home / Knowledge / News / Textiles / East India can draw Rs 30,000 cr in petrochem by 2030
East India can draw Rs 30,000 cr in petrochem by 2030
Nov '17
East India has the potential to attract Rs 30,000 crore investments in the petrochemicals sector by 2030 generating nearly 2.2 million jobs, according to a white paper titled 'Petrochemical: The Sunrise Industry of the East' prepared by consulting firm Deloitte. The paper was released in Bhubaneswar recently at the 'Petrochemicals Investors Conclave: 2017'.

The plastic cluster offers an investment opportunity of Rs 14,000-16,000 crore while textile cluster may draw investments worth Rs 12,000-15,000 crore. Entrepreneurs may exploit opportunities in the value chain like masterbatches, films, auto components, looms, packaging, injection moulding and spinning and weaving, a top business daily reported quoting the paper.

The country’s petrochemicals market is estimated at $50 billion and is growing 11 per cent year-on-year, said Indian Oil Corporation Ltd (IOCL) chairman Sanjiv Singh.

As per capita polymer consumption in east India is less than 5 kg compared to the pan India average of 10 kg, the region offers ample opportunities for investment, Debasish Mishra, partner, Deloitte, said. The global average for polymer consumption is 32 kg.

Mishra urged the eastern states to develop innovative industrial parks with viable business models and customised incentive packages and create an incubation centre for entrepreneurs. (DS)

Fibre2Fashion News Desk – India

Must ReadView All

Courtesy: ITMA 2015

Textiles | On 21st Jun 2018

Italy to host textile machinery fair ITMA in 2023

ITMA, the trendsetting textile and garment technology platform, will...

Courtesy: Connor Group

Textiles | On 21st Jun 2018

Protectionism top threat to textile sourcing: William Connor

Protectionism is the biggest political factor and threat affecting...

NRF urges US Congress to step in, stop trade war

Apparel/Garments | On 21st Jun 2018

NRF urges US Congress to step in, stop trade war

The National Retail Federation (NRF) recently urged the US Congress...

Interviews View All

Amardeep Singh
Orient Craft

'In export markets, the trend in terms of embroidery, is towards matte...

Nitin Bhatia
Trend Arrest

Setting up a brand for online selling is easy, but running the brand is not

Krishnanand Tripathi
Textrade International Ltd

We believe in vocational education for entry-level employees, offering...

Apurva Kothari

No Nasties was the first fashion brand in India to make 100 per cent...

Tejas N Patel, Navin D Patel

Founded in 1999 by Navin Patel in the name of Tejas Fabrics with 100...

Mala Alwani

<div>Delhi-based fast fashion womenswear brand, Besiva, aims to bridge the ...

Johan Berlin
InvestKonsult Sweden AB

Investkonsult Sweden AB has been buying and selling second-hand textile...

Lynda Kelly
Suominen Corporation

Suominen Corporation is a manufacturer of nonwovens as roll goods for...

Kerem Durdag
Biovation II LLC

Kerem Durdag, CEO, Biovation II LLC, provides an insight into future...

Madhu Jain
Madhu Jain

She grew up in the walled city of Old Delhi, completed her studies, and...

Priya Somaiya
Usha Social Services

The Usha Silai label from Usha International is all set for a retail...

Vaanee Bhatia
Gritstones Clothing

<div>Delhi-based Gritstones Clothing offers quality and exemplary style...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies


Leave your Comments

June 2018

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category

Related Categories:

Advanced Search