Gujarat govt inks 11 MoUs for ₹67,000 Crore investment in petrochemicals sector

Bharuch: At a pre-Vibrant Gujarat Global Summit gathering in city, a total of 11 Memoranda of Understandings (MoUs) were signed, indicating a significant investment potential of ₹67,000 crore.

The event, ‘FutureChem Gujarat: Shaping tomorrow’s Chemicals and Petrochemicals Industry,’ serves as a platform for policymakers, practitioners, and both national and international academicians to deliberate on forthcoming initiatives.

Gujarat Chief Minister Bhupendra Patel, participating in the event, highlighted the state’s trajectory toward becoming a pivotal hub for the trade of petrol and chemicals. Emphasizing the significance of this industry, he remarked, “Today, an MoU amounting to ₹67 thousand crore has been signed to further propel the advancement of this sector.”

The event in Bharuch specifically concentrates on the petrochemical sector within the state. As Gujarat commands the highest share in India’s chemical and petrochemical exports, it is evolving as the nation’s central hub for speciality chemicals.

Focusing on sustainability, decarbonization, and growth in upcoming segments, the event provided a platform for startups and business leaders to showcase solutions and services relevant to the industry. DeshGujarat