Govt mulls launching PLI scheme for chemical sector to boost manufacturing
The government is considering launching a production linked incentive (PLI) scheme in the chemical sector to boost domestic manufacturing and exports.
Addressing a webinar on 'Implementation Strategy of Budget Announcement 2021-22', Chemicals and Fertilisers Minister D V Sadananda Gowda on Friday said the government is working on a consultative approach in forming the policies for India's chemicals and petrochemicals sector.
The webinar was organised by the Department of Chemicals & Petrochemicals and FICCI.
"Implementations of the Budget announcements cannot be done only by the government.
"We should take our industry in confidence so that implementations can start from first week of April. The challenge for the government is to now match the suggestions of the industry with the implementation part, he was quoted as saying in a FICCI statement.
Gowda said the Budget has provided a boost to the Indian pharmaceutical sector.
The big push for the pharma sector is being seen as an .