India needs to boost its petchem output to counter China’s dominance, Reliance says
By Nidhi Verma NEW DELHI (Reuters) -India needs to increase its petrochemical production capacity to meet local and global demand and contain China’s growing dominance of the sector, a senior Reliance Industries official said on Friday. Petrochemical margins have shrunk across the world as China’s capacity expansion has created a surplus. For some of its…