【Mumbai】The Union government is mulling the idea of Special Economic Zones for the Indian chemical industry in Myanmar, Iran and other various countries, dubbed 'reverse SEZs', to make certain chemicals available at affordable prices.
“We are planning to set up reverse SEZs in countries like Iran and Myanmar where raw material is available in abundance and at affordable prices,” Union minister for chemicals and fertilisers Ananth Kumar told reporters here at the launch of India Chem 2014, organised by the Federation of Indian Chambers of Commerce and Industry. The minister said he will take up the matter with the ministries of external affairs and finance within a month.
Kumar also said the government will form steering committees for setting up Petroleum, Chemicals & Petrochemicals Investment Regions at Dahej in Gujarat, Visakhapatnam and Kakinada in Andhra, Paradip in Odisha and Cuddalore and Nagapattinam in Tamil Nadu.
○India has potential to become top chemical exporter: Official
【Vadodara】India’s chemical industry has an immense potential to become a reliable exporter of quality products, a top government official said as he stressed on the need for companies in the sector to comply with environmental norms for sustainable growth.
Inderjit Pal, secretary, department of chemicals and petrochemicals, appreciated the contribution of the chemical industry to the Indian economy and at the same time also emphasised the need to ensure that companies grow in a sustainable manner with due regard to environmental concerns. Pal was speaking at a meeting here last evening organised by industry representatives, who will be holding their mega event ‘India Chem 2014’ in Mumbai in October.
○No rise in urea price, no cut in govt subsidy: Ananth Kumar
【Mumbai】Union Minister for Chemicals, Petrochemicals and Fertilisers Ananth Kumar on Friday announced that the central government had no plans to increase the prices of urea nor was there any move to cut subsidies.
“Urea is currently controlled and priced at Rs 5,360 a tonne. On the other hand, decontrolled phosphatic and potassic fertilisers are priced in the open market. I want to assure farmers that there won't be any increase in urea price. Besides, the government does not have any plans to cut fertiliser subsidy,” Kumar said at a chemical industry function here.
【News source】
Govt planning ‘reverse SEZs’ abroad for cheaper chemicals
Govt planning 'reverse SEZs' abroad for cheaper chemicals
Centre moots chemical investment zones in Myanmar, Iran
India has potential to become top chemical exporter: Official
No rise in urea price, no cut in govt subsidy: Ananth Kumar
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