Adani bets big on PVC as India eyes import substitution
Adani is building a large PVC plant in Gujarat, marking its entry into petrochemicals. The market is ripe for disruption, with India importing most of its PVC to meet fast-growing demand. Reliance dominates today, but demand is outpacing supply. Experts say the shift to PVC now makes economic sense, offering India a chance to reduce its reliance on imports.