Government is encouraging investments in petrochemical sector and plans to double per capita consumption of plastics to 20 kg a person by 2022, Petroleum and Natural Gas Minister Dharmendra Pradhan said today.
"The government has ambitious plans of doubling the current per capita consumption of plastics from the present 10 kg per person to 20 kg per person by 2022," Pradhan said at the 'Indian Oil Petrochemical Conclave 2016' here.
This would require setting up one naphtha cracker every year bringing in huge growth opportunities in employment generation and start of new ancillary industries, among others, the Minister noted.
Pradhan further said, capital outlays worth Rs 2,00,000 crore are expected to be made in diverse product lines - in polyester intermediates, polyester film and yarn, polymers and other petrochemicals.
"The government has ambitious plans of doubling the current per capita consumption of plastics from the present 10 kg per person to 20 kg per person by 2022," Pradhan said at the 'Indian Oil Petrochemical Conclave 2016' here.
This would require setting up one naphtha cracker every year bringing in huge growth opportunities in employment generation and start of new ancillary industries, among others, the Minister noted.
Pradhan further said, capital outlays worth Rs 2,00,000 crore are expected to be made in diverse product lines - in polyester intermediates, polyester film and yarn, polymers and other petrochemicals.
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