The Chemical Industry is an indispensible and integral constituent of the growing Indian Industry and remains one of the oldest industries of the nation. The industry is the mainstay of the industrial & agricultural development of the country and provides building blocks for several downstream industries, such as textile, paper, paint, soap, detergent, pharmaceutical, varnish, etc. The sector has grown from a small-scale sector to multi-dimensional sector, which is taking on the challenges of globalization. The Indian Chemical Industry has certainly come a long way to hold a recognized position in the global map.
However, the Indian Chemical Industry is standing at a very decisive juncture at present. Currently, the volume of the Industry is equivalent to approximately 3% of India’s GDP. The Industry contributes to 11% of the Total Industry Output. There is every reason that the share of the Indian chemical industry, presently at $108 billion which is three per cent of the global market, can rise. This sector can clock an annual growth rate of 15 per cent to become a $330 billion industry by 2020.
However, significant investments in capacity creation, technology development, extensive R&D, access to feedstock and creation of a larger pool of skilled human resources remain some of the major areas of concern. Emphasis on core competences, adherence to environmental norms, industry-academia linkages, consolidation and collaboration with focused growth and planning for the chemical sector would enhance the global competitiveness, increase domestic value addition, provide technological depth and promote sustained economic growth.
The Indian Chamber of Commerce came up with its maiden venture on Indian Chemicals “CHEMINAR 2014” on 1st August 2014 at New Delhi in association with the Department of Chemicals & Petrochemicals, Ministry of Chemicals & Fertilizers, Government of India.
The Summit witnessed interesting discussions & deliberations on pertinent issues in the Indian Chemical Sector ranging from exploring the growing opportunities and compelling concerns of the sector, gaining updates on latest technologies and trends including Green Technologies for Sustainable Growth and capitalized on prospective business opportunities in terms of Investment, Joint Venture Projects. The Summit was successful in bringing together leading Chemical Companies, End-users, Government Decision Makers, Economists, Financiers and Investors to discover the probable framework for sustainable growth of the Chemical Industry in India.
The Summit was a grand success both in terms of profile and content. The Conference witnessed widespread participation of around 200 delegates from all key and relevant stakeholders of the Indian Chemicals, Petrochemicals, Fertilizers, Bio-Chemicals & Agro Chemical Sectors along with the senior representation from the Indian Government & Industry Players.
Shri Ananth Kumar, Hon’ble Minister of Chemicals & Fertilizers, Government of India was the Chief Guest of the Summit. The Conclave also witnessed a galaxy of eminent dignitaries as Distinguished Speakers at various sessions of the day long program which included important names like; Dr A J V Prasad, Joint Secretary, Department of Chemicals & Petrochemicals, Ministry of Chemicals & Fertilizers, Government of India, Ms Neeru Abrol, CMD, National Fertilizers Limited, Mr. H R Brahmbhatt, ED, Gujarat State Fertilizers & Chemicals Limited, Mr. Padmendra Rawat, Vice President, Corporate Affairs, United Phosphorous Limited, and Mr. Alok Goel, Summit Chairman and President, Industrial Chemicals, Deepak Fertilizers & Petrochemicals Corporation Limited, Mr O. P. Sharma, Joint Industrial Advisor, Department of Chemicals & Petrochemicals, GOI, Ms Ranjana Kale, Economic Advisor, Department of Chemicals & Petrochemicals, GOI, Mr V S Sirohi, ED, Gujarat Narmada Valley Fertilizes & Chemicals Limited, Dr. Rajinder Parshad, Advisor, Dhanuka Agritech Limited & ex – ADG, ICAR, Dr S K Raza, Director, Institute of Pesticide Formulation Technology (IPFT), Mr Avinash Kalia, Director, Corporate Finance & Investment Banking, PWC Pvt. Ltd, Mr Vimal Kulshrestha, Senior Vice President & SBU Head, Jubilant Life Sciences Limited & Member, Indian Chemical Council, Mr Vijay Sardana, Vice President and Head, Food Security & Agribusiness (Policy and Programs), UPL Group, Dr K N Singh, Vice President, Gharda Chemicals Limited and others.
The ICC with continued support and association of the Department of Chemicals & Petrochemicals, Ministry of Chemical & Fertilizers, Government of India organized Exclusive Workshops on “Implementing Health Safety Security & Environment (HSSE) in MSME Sector” and “Sensitizing the industry about their obligations under the Rotterdam and Stockholm Convention” on 12th & 13th January 2015 respectively at Hotel Taj Bengal, Kolkata. The objective of HSSE Workshop was to provide a unique forum to quantify the prevalence of Health & Safety activity in SMEs, address specific issues of concerns for the User Groups, provide practical solutions to encourage and support development of healthy and safe workplace. The Workshop on Rotterdam & Stockholm Conventions aimed to sensitize, facilitate information and create awareness in the Industries about the characteristics, mechanism, implementation and obligations of the Conventions.
ICC strongly believes to be able to scale up the new initiatives undertaken in FY 2014-15 in its future editions and contribute significantly towards inclusive growth and overall development of Indian Chemicals Sector.
This Department is headed by Suparna Chatterjee