Mr. Prakash Raman

The contribution of manufacturing to the GDP has been hovering around close to 15-16 percent. But the effect of overall manufacturing GDP can be much higher. For example, it has the capability to grow at around 12 to 14 per cent and when the GDP wanted to grow at around 8 per cent, it has a lot of positive impact and created almost 100 million jobs by 2025. Now, the government has the vision to enhance the manufacturing up to 25 per cent of the GDP by 2025. The chemical industry does not have any kind of constraints. 100 per cent FDA is being allowed. There are only a few sectors which have this kind of liberty. But we have still not grown to the level of our potential. We constitute only 3 percent of the global market whereas China constitutes for 31 percent.