Impact of FDI Investments on the Chemical Sector of India

The chemical industry in India offers a lot of building blocks and raw materials for several industries. It includes textiles, paper, paints, soap and detergents, pharmaceuticals, and agrochemicals. FDI in Chemical Sector of India is permitted 100% under the automatic route except in the case of hazardous chemicals. India is the 6th largest producer of chemicals globally. It stands 3rd in Asia. In the export of chemicals, it ranks 14th. The country is ranked 4th as the largest producer of…

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