There is tremendous potential for growth in polymers sector in the wake of higher disposable income of middle class and urbanisation, prime minister Narendra Modi has said.
He said this after he dedicated ONGC Petro additions Ltd’s (OPaL) Rs 30,000-crore plant to the nation at the Dahej Special Economic Zone in Gujarat.
“It is India’s largest petrochemical plant having an investment of Rs 30,000 crore. Today, the average per capita consumption of polymers in India is 10 kg, while the global average is 32 kg,” he said.
The PM further said as per an estimate, OPaL’s market share in the polymer sector will be 13 per cent by 2018,” he said.
Modi said the Gujarat government has worked very hard for over 15 years to develop the Dahej SEZ under the Petroleum, Chemical and Petrochemical Investment Region (PCPIR).