Indian Chemical News, an online news media covering Chemical and Petrochemical sector is organizing an E-conference on “India's Chemical Industry Outlook 2021” on 9th February 2021 from 3:00 PM to 4:30 PM.

The key discussion points in the E-conference are: Creating robust R&D ecosystem to come up with new products; Setting up one stop destination for investment; Providing alternative chemicals destination; Rolling out PLI Scheme; Making PCPIR more effective; and One stop solution for India's investment in chemical.

First, India must focus on research and development and need to come up with new products in a big way. Second, Indian companies need to be leveraged by providing them with a lower risk environment and this can result in substantial increase in business. Third, the supply chain disruptions in China due to COVID-19 has led western countries to start looking for alternative sources to China for chemicals thereby creating opportunities for Indian companies for a limited time window and Indian companies should leverage it in a big way.

Fourth, Production Linked Incentives (PLI) is a good measure as it incentivises the industry to quickly put up investment and start commercialise sales. The government should speed up PLI on chemicals thereby driving significant growth in the industry. Fifth, both the US and European Union are speeding up sustainability for the chemical industry. The Indian chemical companies that are exposing will have to align themselves with the goals.

Sixth, there is an urgent need to upgrade the infrastructure of PCPIRs (Petroleum, Chemicals and Petrochemicals Investment Region) to have better master planning and incentivize investment in the regions.

Speaking about the Chemical Industry Outlook 2021, Pravin Prashant, Editor, Indian Chemical News said, "India needs to focus on product and process innovation in a big way and come out with innovative products which are sustainable in the long run. Focus should be also on increasing India's overall chemical share in the global market."

Here's the link to pre-register for attending the live session on 9th February 2021 from 3:00 PM to 4:30 PM IST