What is the role of petrochemical industry in the economic development of India?

The development of petrochemical industry in India had its origin in and with petroleum development. The initial efforts were made through the naphtha crackers of National Organic Chemical Industries Ltd. (NOCIL) and Union Carbide of India Ltd. in the sixties. The real thrust came with the setting up of the large size unit of Indian Petrochemicals Corporation Ltd. (IPCL) at Baroda in the late seventies in the public sector. The discovery of crude oil and natural gas in the offshore region in the western coast of India has provided a new dimension to the possibility of petrochemicals expansion from the Sixth Plan onwards.

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