Bengal eyeing investments in carbon black industry with EV-driven growth

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Speaking at the Asia Pacific Carbon Black Conference, state Chief Secretary Manoj Pant highlighted the projected compound annual growth rate (CAGR) of 4.8 per cent for the sector over the next decade and invited industrialists to invest in the state's emerging industrial landscape.

West Bengal has immense growth potential in the carbon black industry as the sector is expected to witness increasing demand from the electric vehicle (EV) market and battery manufacturing, an official said on Tuesday.

There is tremendous potential for growth in this industry, particularly as EV demand rises and carbon black becomes integral to both tyres and battery components, Pant said.

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Category: BusinessFinance

Markets: India

Topics: Bengal eyeing investments in carbon black industry with EV-driven growth

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-22 @ 18:17:36 (1 weeks ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 302 words

Reading Time: 2 minutes read

Sentences: 11 lines

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Copyright Owner: © Business Standard

News ID: 23201501

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