India will contribute 10 % to incremental growth of global petrochemical demand: Union Minister Hardeep Singh Puri

New Delhi: Union Petroleum Minister Hardeep Singh Puri addressed the plenary session at the 7th Petrochemical Conclave today. Speaking at the plenary session, Union Minister Hardeep Singh Puri said that currently the size of the petrochemical market in India is around USD 190 billion, while the per capita consumption of the petrochemical segment is very low as compared to developed economies.

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Puri said India would contribute 10 per cent of the incremental growth in global petrochemical demand.

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“One of the most important factors driving the growth of the petrochemical industry is the growing demand for petrochemical products from a growing population and a rapidly growing economy,” Puri said in the statement. The event, said sectors such as petrochemicals have contributed immensely to the GDP success story and will continue to add in the future.

“One cannot talk about the stupendous growth of the Indian economy without mentioning the role of the petrochemical industry in this journey,” Teli said. And Atmanbir was also released by.