A meeting under the Chairmanship of the Joint Secretary (Petrochemicals) is scheduled to meet today to draft a framework for the development of chemicals & Petrochemicals
The expected points of discussions are likely to take place around the following:
1.To suggest suitable legislative framework for removal of bottlenecks in the development of the sector;
2.To explore the possibility and mechanism to provide financial assistance to chemical and petrochemical industry by way of making grants or advancing loans, providing guarantees on loans and deferred payments;
3.To suggest various measures to be adopted for sustainable development;
4.To suggest the action plan to ensure the availability of feedstock and rawmaterial for the sector;
5.To suggest promotion of import substitution in the sector.
6.To suggest the mechanism for Monitoring of market dynamics of chemicals
