Indian Chemical News, the most credible online media platform for the Chemicals, Petrochemicals, and Energy sector, is organizing the Second Edition of ‘AgroChem Summit 2023’ (https://www.indianchemicalnews.com/agrochem-summit-2024/ ) on December 15, 2023 at The Park, Parliament Street, New Delhi.

The theme of the AgroChem Summit 2023 is "Boosting Production Through Sustainable Agriculture Practices".

Speakers for "Strategies for Market Penetration and Growth in Global Market" Session are: Kuldeep Singh, Chairman & Managing Director, HIL (India) Ltd.; Rajesh Aggarwal, Managing Director, Insecticides (India) Ltd.; Prof. Sampatrao Dagu Manjare, Department of Chemical Engineering, BITS Pilani, K. K. Birla Goa Campus; Saif Mohammad, CEO, Rubber, Chemical & Petrochemical Skill Development Council (RCPSDC); Abhishek Aggarwal, President & COO, Bharat Rasayan Ltd. & BR Agrotech Ltd.; Shivraj Anand, Director & Global Head - International Business, Parijat Industries (India) Pvt. Ltd.; Dr. Shilpa Arora, IP Lead, Best Agrolife Ltd. The session is moderated by Dr. Kalyan Goswami, Director General, Agro Chem Federation of India (ACFI).

India’s Vision 2034 for the chemicals sector is aimed at exploring opportunities to improve domestic production, reduce imports, and attract investments in the sector. Agrochemicals, along with -- dyes and pigments, cosmetics and personal care, and food ingredient chemicals, are slated to contribute 80 per cent of the exports under the specialty chemicals segment.

India’s agrochemical exports reached a new high of US $5.4 billion for the financial year 2022-23 from US $4.9 billion in 2021-22. The growth has been a whopping 108% from 2017-18 when India exported US $2.6 billion worth of agrochemicals. With the government talking about fast-tracking all agrochemical projects, this growth is here to stay and may grow to US $10 billion in the next 3-4 years.

The changing agricultural landscape in the country presents new opportunities for manufacturers, formulators, and suppliers. According to a report, the industry’s revenues are estimated to grow 15-17% in 2023 and 10-12% in 2024, driven by strong exports and stable domestic demand.

Experts in the industry feel that this is the right time for the Indian agrochemical industry to formulate a proper strategy, implement the strategy in a time bound manner and expand its reach to every nook and corner in India as well as establish India as a major agrochemical manufacturer in the global market.

The session will discuss various dimensions of strategy to make India a global agrochemical player on the world map.

Topics to be covered are: Innovation and research led marketing; Vertical integration and strategic alliances; Rewarding farmer engagement and dealer management; Data driven decisions; Bridging the demand - supply gap; Expanding geographical reach; and creating awareness.

The Summit is supported by the Department of Chemicals and Petrochemicals, Ministry of Chemicals and Fertilizers, Government of India. Gold partners are: Godrej Agrovet Ltd., SML Ltd; and Somaiya Vidyavihar University. Industry association supporting AgroChem Summit 2023 are: Agro Chem Federation of India (ACFI); Crop Care Federation of India (CCFI); Crop Life India (CLI), Pesticides Manufacturers & Formulators Association of India (PMFAI); and Biological Agri Solutions Association of India (BASAI).