Home / Knowledge / News / Textiles / Indian govt to soon unveil new chemical policy
Indian govt to soon unveil new chemical policy
Jul '13
The Government of India would soon come out with a new chemical policy in order to give a boost to the sector, whose contribution to the country’s GDP has decreased in recent years.
The Government would come out with a new chemical policy that would cover all aspects of the industry, including patents, innovations, R&D, and external trade, Mr. Ajay Vara Prasad, Joint Secretary in Department of Chemicals and Petrochemicals, told PTI, Economic Times reported.
The new policy would also cover basic and specialty chemicals, as well as knowledge intensive technologies, Mr. Prasad said on the sidelines of an event held in connection with the third edition of India Chem Gujarat.
He said the draft policy would be made public soon and once the policy is implemented by the Government, it would pave way for a lot of new initiatives for the sector.
The growth of India’s chemical sector has declined from the earlier 15 percent levels to around 5 percent now, and the Government intends to double the sector’s growth to around 11 percent, he said.
India Chem Gujarat is scheduled to be held from October 24-26, 2013 in Gandhinagar. The theme for the third edition is ‘Green Chemistry’.
The chemical and petrochemical sector in India has an annual turnover of over US$ 100 billion, and it accounts for one-eighth of the country’s industrial production.
The state of Gujarat accounts for around half of the overall chemical production in India.
Chemicals and petrochemicals are used in the manufacturing of several industrial goods, including textiles.

Fibre2fashion News Desk - India

Must ReadView All

Textiles | On 20th Feb 2017

UK textile & apparel exports up 7.05% in 2016: UKFT

The exports of apparel and textiles from the UK have increased by...

Textiles | On 20th Feb 2017

Himatsingka Seide incorporates subsidiary in Europe

Himatsingka Seide Ltd, one of the largest producers of home textiles...

Textiles | On 20th Feb 2017

Sri Lanka's textile exports rise 2.3% in Jan-Oct '16

Exports of textiles and garments from Sri Lanka increased by 2.3 per...

Interviews View All

Dharmendra Shah
Ozone PB Spintex Limited

‘We have made huge investments to ensure quality yarn production.’

Smita Murarka

‘There is huge demand in the Indian lingerie market for non-wired styles.’

Abhishek Samdaria

GST will certainly reduce a lot of paperwork in future

Ashok Desai
Bombay Textile Research Association

Bombay Textile Research Association (BTRA) is a leading name in textile...

Marcel Alberts

Coating at a fibre level is a practice not usually seen in the...

Larry L Kinn
Suominen Corporation

Larry L Kinn, Senior Vice President - Operations Americas of Suominen...

Pranav Mishra

Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...

Madhu Jain
Madhu Jain

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

Yash P. Kotak
Bombay Hemp Company

One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...

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

February 2017

February 2017

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


Browse Our Archives


Subscribe today and get the latest News update in your mail box.
Advanced Search