Numerous intriguing industries, ranging from e-commerce to healthcare, are expanding significantly. This is hardly surprising given that India’s population is continuing to expand and change, bringing with it new possibilities and difficulties.

As a result, it is a great moment to join one of these rapidly expanding businesses and contribute to the development of India’s economy. Many MNCs are considering India as their centre of production.

According to Minister of Commerce and Industry Piyush Goyal, the chemical and petrochemical sector has been and will continue to be a major engine of growth in India’s economy.

At the third edition summit on “India: Global Chemicals and Petrochemical Manufacturing Hubs” (GCPMH 2023), Goyal spoke at the session on “FTAs – Connecting the world- Vasudhaiva Kutumbakam- One Earth, One Family, One Future.” He praised the industry’s contribution to India’s economy, innovation ecosystem, and job creation.

Free trade agreements (FTAs), according to the minister, are crucial for boosting exports and supporting the expansion of several industries at once. 

According to him, the GCPMH 2023 Summit serves as a place to examine how FTAs may promote collaboration, trade, and investment in the chemicals and petrochemicals sector.

oyal praised GCPMH 2023 for giving experts, policymakers, and business leaders a forum to discuss and share ideas on using FTAs to improve the competitiveness and sustainability of this crucial sector.

He said that free trade agreements (FTAs) may benefit in luring foreign capital to India’s chemical and petrochemical sectors. The minister emphasised that new employment will be created and new infrastructure would be developed, enhancing the industry’s capacity to connect with the rest of the globe.

Goyal emphasised the significance of sustainability in the process of becoming a developed country. He also stressed the significance of building a sustainable India for present and future generations.

He asserted that encouraging collaboration and the exchange of best practises will surely pave the way for a more successful and sustainable future for the chemical and petrochemical sectors.