Which is the larest petro chemial industry centre in INDIA? B
Answers
Reliance Industries is one of India’s biggest industrial groupings and the largest private sector company. Reliance built its first polymer cracker in 1992 because although natural gas is cleaner and cheaper, India has a very limited supply.
Reliance, which is pursuing an aggressive investment strategy in Jamnager, is also one of the prime contenders to take over part of the state-owned Indian Petrochemicals Corporation Ltd (IPCL) when it is privatised. Reliance could exploit major synergies with the state-owned giant. The Indian government might also be concerned at the near monopoly that would be granted on polypropylene and polyethylene. Therefore, any disinvestment to Reliance would have to look long and hard at the competition implications.