how important are petrochemicals in india?write 5 points.
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PETROCHEMICALS ls are a set of very specific chemical compounds.
Which can be made from oil, natural gas, coal or other sources.
The basic petrochemicals are: Ethylene.
Which can be made from oil, natural gas, coal or other sources.
The basic petrochemicals are: Ethylene.
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India Petrochemicals industry is an important member of theIndian economy because it fulfills the need of major industries like textiles, telecoms, power, cables, plastics etc.
The regulations have opened the market which is full of scope for the rapid growth of the industry and in turn, the growth of the economy.
The encouragement for investment has been another growth factor for theIndia petrochemical industry.
The capacity of different products is in the production, segmentation, and consumption trend of each of the products and so the economies of scale play a very important role in the profit making mechanism of this industry, thereby determining the scope of each of the competitors in the industry.
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