Write some facts of the Indian Chemical industry.
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With over 80 thousand products, the Indian chemical industry is one of the most diversified sectors. It supports a host of other sectors and acts as a backbone in the development process of the nation. The Indian chemical industry is one of the largest worldwide, in terms of revenue. 100 percent foreign direct investment was permitted under the automatic route within this sector, with some exceptions for hazardous chemicals. Since financial year 2016, there were FDI investments of over one billion U.S. dollars each year in the chemical sector excluding fertilizers. Excluding chemicals of hazardous nature, the chemical industry in India was de-licensed. In the first six months of 2020, there were 24 acquisitions of Indian companies by international players.