India needs to actively encourage Foreign Direct Investment (FDI) in Petrochemical sector rather than Free Trade Agreements (FTAs) to utilize India's growing demand to create value within the country rather than outside, noted a latest update from FICCI. As India's demand is expected to steadily grow in the foreseeable future, it can be an engine for creating new employment opportunities in the country if foreign participation in India is through the FDI route rather than the trade route.
