• PLI for petrochemicals might be announced in budget

    The government is working on a production-linked incentive (PLI) scheme worth ₹100 billion for chemicals and petrochemicals industries, two people aware of the matter said, as the country aims to triple its capacity to manufacture these key ingredients by 2040.

    The Union budget is likely to announce the scheme, under which selected companies may get an incentive of 10-20% on their incremental sales.

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