The chemical sector is the mainstay of a large number of industries and accordingly, the Department of Chemicals and Petrochemicals (DCPC) has framed a draft National Chemical Policy (NCP)-2014 to facilitate the growth and development of chemical sector in India taking a futuristic view. The policy comprehensively discusses the various issues involved in a holistic manner, and accords high importance to R&D, creation of infrastructure, technology upgradation, safety & security, sustainability, pollution & environmental aspects, effluent/waste disposal & treatment, green chemicals, etc
The Indian chemical industry, estimated to be about (USD 108 billion). Share of industry in national exports is around 9.2 %. Indian chemical sector ranks 6th in the world and 3rd in Asia. It is also one of the largest industrial sectors in the Indian economy and an important employment generator. The Indian chemical industry comprises both small, medium and large-scale units, and presently, there are about 70,000 chemical manufacturing units.
Indian chemicals industry comprises a wide range of chemical products including pharmaceuticals (29%), petrochemicals (21%),specialty chemicals (19%), fertilizers (17%), agrochemicals (3%) and other base chemicals constituting - 11 % of the total Indian chemicals industry.
Under this program, India shall soon be coming up with its own chemical inventory list and chemical legislation which may contain data on production, consumption, imports, exports, toxicological properties and classification criteria akin to Globally Harmonised System of Classification and Labelling (GHS).
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