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Telangana is one of the forerunners in the chemical industry in India. The chemical sector has been identified as one of the focus sector with huge potential for growth by the state government. Telangana has more than 300 chemical industries of various sizes, involved in the production of a wide variety of chemical products. The state also has a very good number of textile, apparel, petroleum refining, pharma, paper, pulp and automobile industries which are the major consumers of chemical, which in turn is increasing the demand for chemicals in the state. The state has dedicated industrial zones for the chemical industry in Jeedimetla, Patancheru and Shamshabad with necessary infrastructure to setup chemical processing industries.
The chemical industry in Telangana is majorly dominated by micro, small and medium scale industries. The industries which generally lack the required financial resources face several challenges to successfully run their business. To support the MSMEs in the state, the government has announced several initiatives, some of which are:
The Government of India recently approved the PLI Scheme for Advanced Chemistry Cell (ACC) Battery Storage. This decision is expected to boost the chemical industry across the country, including Maharashtra. Apart from the PLI Scheme, there are several other schemes for the chemical industry such as Chemicals Promotion Development Scheme, Scheme for setting up Centre of Excellence, Export Promotion Schemes, etc. through which entrepreneurs can avail benefits from the government.
The chemical industry in Telangana offers great businesses opportunities for MSMEs. As the sector has been identified as a focus sector by the state government, it is expected to attract huge investments, particularly with more and more MSMEs foraying into the sector. However, it is easier said than done for MSMEs to successfully start the industry and continue their journey due to a lack of domain expertise. This is where chemical experts come in handy for these enterprises.....
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