The Indian government desires an investment of Rs 80,000 crore by by 2010-11 to charge up the petrochemicals sector, and to attract global players like Dow, Dupont and Sabic.
To provide a boost to the sector, excise duties on polymers and plastics is planned to be lowered. Duty on capital goods will be treated at par with feedstock and the government would review import duty on naphtha. Central Sales Tax will be phased out and the government will also set up mega chemical industrial estates. The mega chemical industrial estates will have a public or private partnership and they will be modelled on the basis of SEZs.
24-Aug-06 
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