Vibrant Gujarat: Rs 67,000 cr worth investment proposals signed in petrochemicals sector
investment potential were signed at a pre-Vibrant Gujarat Global Summit event held in Bharuch.
The event, 'FutureChem Gujarat: Shaping tomorrow's Chemicals and Petrochemicals Industry', brings under one umbrella policymakers, practitioners, and national and international academicians to discuss future initiatives.
«The way petrol and chemicals are being traded in Gujarat, Gujarat is moving towards becoming the hub of this industry. Therefore, today an MoU worth Rs 67 thousand crore has been signed to further advance this industry,» Gujarat Chief Minister Bhupendra Patel said, participating in the event.
The event is particularly focused on the petrochemical sector of the state.
Holding the highest share in India's chemical and petrochemical exports, Gujarat is emerging as the country's hub for speciality chemicals.
«PM Modi has changed the country and Gujarat through his politics of development… The double-engine government of Gujarat has been getting the benefit of PM Modi's vision for the last 2 decades… In 2024, we are organising the Vibrant Summit with the theme of 'Gateway to the Future'… The Chemical and Petrochemical sector is one of the sectors that take sustainable industry growth further,» the CM said.
«Prime Minister Narendra Modi has resolved that there should be industrial development in Gujarat. As part of it, the chemical and petrochemical sector is also being promoted because India is at the 6th position in the world's petrochemical sector,' the chief minister said.
The event in Bharuch centred around sustainability, decarbonisation and growth in upcoming segments.
