Yes, several major reforms are underway, especially in India, to transform the chemical industry towards greater global competitiveness, sustainability, and a target of a $1 trillion sector by 2040. Key initiatives include production-linked incentive (PLI) schemes, faster environmental approvals, improved port and chemical hub infrastructure, incentives for research and skill development, and the development of a net-zero strategy. There is also a significant global trend towards adopting digitalization and AI, integrating green chemistry, and developing new materials and processes.