Press Release
“The department of chemical and petrochemical is collaborating and creating an interface with various other departments of the government, particularly the Ministry of Environment, Ministry of Agriculture, Ministry of Consumer Affairs, Minister of Commerce, and the Ministry of Labour to build the communication path that will help in resolving short term and long-term issues,” said Shri Baroka.
“The growth rate of speciality chemical sector is much more than the GDP growth rate of the normal chemical sector. The growth rate, if we continue to do well can actually go up. I'm quite confident that from the existing number of about $30 billion, I think it should be touching, not less than $200 to 250 billion by 2040,” he quipped.
Mr. Sagar Kaushik, Chairman, ASSOCHAM National Council on Chemicals & Petrochemicals & President Global Corporate & Industry Affairs, UPL in his welcome address said ''India's chemical industry should focus on the strategy of China plus 1 as the expectation from global customers is different from India than what they expect from China.'' There should be a deeper collaboration of science and tech in the field and a shift towards sustainable value is extremely important, he added.
Mr. Nilesh A Kulkarni, Co-Chairman, ASSOCHAM National Council on Chemicals & Petrochemicals & Director – Commercial, Gharda Chemicals Ltd stated that “there is a strong need to boost domestic production and bridge the gap between import and exports. Industry-Academia interface is required to improve the sector.” To strengthen Indian Specialty chemicals, he also concentrated on leveraging new trends, infrastructure, skill set requirements, and collaboration.
Mr. Susanta Kumar Purohit, Joint Secretary (Chemicals), DCPC shared India is poised to emerge as a global chemical and petrochemical manufacturing hub. “The Government of India has launched various flagship programmes such as Make in India and PLI. India should expand its global market in R&D competence, production capabilities, and sustainability with the Triple Helix model,” he stressed.