'India can be global leader in chemicals, petrochemicals'

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Mumbai, July 4 (IANS) India has the potential to become one of the top five countries in the chemicals and petrochemicals industry, Minister for Chemicals and Fertilisers Ananth Kumar said Friday. "The chemical industry is the backbone of the country and adopting forward looking policies and following the right approach, it can aspire to rub shoulders with the likes of China, Japan, Germany and the US," he said. The minister was speaking here Friday at the launch of the forthcoming three-day India Chem 2014 International Conference, to be held Oct 9-11. Ananth Kumar said his ministry has proposed a plan to establish "reverse SEZs" in Iran and Myanmar, from where the Indian chemical industry can source its materials in a cost-effective manner.

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