The DPIIT has asked the petrochemical industry to urgently explore localising production of over 200 import-dependent items, worth over $50 billion annually, to mitigate supply-chain risks from the West Asia crisis and reduce strategic vulnerabilities.
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- ›Annual Import Value: Over $50 billion
- ›Number of Items: Over 200 petrochemical items
- ›Target this Data: Over 200 petrochemical items & over $50 billion annual imports
- ›Target this Nodal Body: Department for Promotion of Industry and Internal Trade (DPIIT)
- ›Target this Strategic Risk: Vulnerability due to West Asia crisis & Strait of Hormuz closure
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