India's chemical sector targets $1 trillion valuation by 2040

India's chemical and petrochemical industry, valued at $220 billion and ranked sixth globally, is projected to reach $300 billion by 2030 and $1 trillion by 2040. The government is investing in chemical parks, infrastructure, and research. Eighteen Centres of Excellence have filed 85 patents and developed 105 new technologies, per the Ministry of Chemicals and Fertilisers.