India has a big import substitution opportunity in chemicals sector: SRF
India’s $4-trillion economy has unlocked a $25–30 billion import substitution opportunity in the chemicals sector, according to SRF CMD Ashish Bharat Ram. With rising demand, India can now locally produce key intermediates, reducing dependence on China. SRF plans major investments over the next 3–5 years, while also expanding through its tie-up with Chemours in fluoropolymers.
