India Positions Itself for a Huge Petrochemical Boom ...Middle East

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India Positions Itself for a Huge Petrochemical Boom
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India is positioning itself for a petrochemical boom, with $87 billion expected over the next decade to meet surging demand. As more of its citizens rise into the middle class, the need for petrochemical-based products—from plastics to fertilizers—is set to soar. According to India's oil minister, Hardeep Singh Puri, this growing demand opens a window for significant investment as India's per capita consumption of petrochemicals continues to lag behind developed nations. India currently consumes between 25 to 30 million metric tons…

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