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Rush to set up petrochemical units by PSUs: It will not be a rosy road ahead – 1 Oct 2024

Oct 01, 2024

There is a big rush to set up petrochemical plants in India

There are these big four consultants who paint a rosy picture of petrochemical demand

But there are some big roadblocks ahead. The market may in fact crash. And the rosy demand figures may not hold true.

The rush by public sector units to set up sub-optimal capacities, in the context of capacities by RIL and other global players, must stop.

There is the fond hope that the Indian government will create entry barriers to ensure Indian production stays shored up. But that may not happen or the protection may not be adequate.

There are good reasons to stop and re-think

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