Rs 25k cr plan to cut Chinese chemical imports

With the aim to reduce dependence on China for import of chemicals, the govt is planning a production linked incentive scheme to boost local manufacturing of some of the key chemicals used in pharmaceuticals, insecticides and other critical industrial usages. The scheme will have an outlay of Rs 25,000 crore over the next five years.

Rs 25k cr plan to cut Chinese chemical imports
With the aim to reduce dependence on China for import of chemicals, the govt is planning a production linked incentive scheme to boost local manufacturing of some of the key chemicals used in pharmaceuticals, insecticides and other critical industrial usages. The scheme will have an outlay of Rs 25,000 crore over the next five years.