Chemicals-petrochemicals firms must focus on quality, global competitiveness: Mansukh Mandaviya

economictimes.indiatimes.com:

Chemicals and Fertilisers Minister Mansukh Mandaviya on Friday asked chemicals and petrochemicals players to focus on quality and become competitive in the global market to make India a manufacturing hub. Addressing a summit on 'Global Chemicals and Petrochemicals Manufacturing Hubs in India' here, the minister asserted that India is the best destination for global investments and the industry should encash this opportunity to boost manufacturing. Mandaviya said he has given direction for establishing chemical parks for making India an investment hub and added that «the work is happening in this regard».

«Today there is a need to focus on quality and become competitive in the global market,» he said. The minister assured the government's support in making the domestic industry in becoming competitive at a global stage. He asked the industry to make a white paper in this regard.

Mandaviya noted that industry is important for any economy as it helps in becoming self-reliant. He said it is the responsibility of the government to support industry. He highlighted that the government is taking policy decisions in a holistic manner and after wide consultations with all stakeholders.

This has helped in increasing industrial production as well as foreign direct investments. Mandaviya said the government has brought labour reform, reduced compliances and brought a bill to the decriminalisation of minor offences as part of its effort to create an industry-friendly atmosphere. He stressed making India the 'factory of the world' for all kinds of industries, including chemicals and petrochemicals.