Question: In Asia Indian chemical industry is ranked –
(a) Third
(b) Fourth
(c) Second
(d) Fifth
Ans: (a)
Related facts:
- On 18 January 2017; Ministry of Commerce and Industry’s Department of Industrial Policy and Promotion (DIPP) released Achievement Report for Make in India, Chemicals & Petrochemicals sector.
- The Indian chemicals industry with a market size of USD 145 billion.
- It is the seventh largest producer of chemicals worldwide and the third largest producer in Asia after China and Japan.
- India exports around 50% of its agro-chemicals production.
- The share of chemical products in the overall exports for April-September 2016 stood at 12.07%.
- Exports of Chemical products was at INR 1,06,652.75 crore (Provisional) up by 2.86% in April-September 2016, as compared to INR 1,03,687.29 crore in April-September 2015.
- The FDI equity inflows in the sector increased by 107% to USD 2.2 billion during the two year period from April 2014-March 2016 as compared to USD 1.08 billion during same period in 2012-14.
- During April-September 2016 the sector attracted inflow worth USD 532.48 million.
- The Assam Gas Cracker Project (AGCP), which is the biggest and the first ever petrochemical project in the North East region was commissioned on January 2, 2016 and is expected to produce about 2.8 lakh MT polymers per annum.
Reference:
http://pibphoto.nic.in/documents/rlink/2017/jan/p201711803.pdf