To encourage the Make In India initiative the Department of Chemicals & Petrochemicals identified how many types of chemicals, petrochemicals, pesticides and Dyestuff and assessed the domestic manufacturing capacity and local competition?

2020

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Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]

A	35
B	45
C	55
D	25

Explanation:

Detailed explanation-1: -Feedstock (naphtha and natural gas) are critical inputs for both organic and inorganic chemicals industry. Costs of these raw materials are high in India compared to countries like China, Middle East and other South East Asian countries such as Thailand and Indonesia.

Detailed explanation-2: -In terms of volume, the petrochemicals market was valued at 43.99 Mn tons and in FY 2021 and is expected to reach 54.48 Mn tons in FY 2027 expanding at a CAGR of 2.98% during the FY 2022 – FY 2027 forecast period.

Detailed explanation-3: -It is used in the production of plastics, fibers, and synthetic rubber, the main finished petrochemical derivatives. The production of petrochemicals commences with refining of petroleum and natural gas.

Detailed explanation-4: -A myriad of objects we use daily are made of petrochemicals. Petrochemical products include plastics, rubbers, resins, synthetic fibers, adhesives, dyes, detergents, pesticides, and petroleum-derived paints and coatings.

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