By: ICN Bureau
Last updated : April 27, 2022 1:14 pm
Speakers are: Shekhar Khanolkar, Prof. Dr. R. K. Khandal, Dr. Sangeeta Srivastava, Dr. Alok Khullar and Praveen Arya
Indian Chemical News (ICN), an online news media covering chemicals, petrochemicals, and energy sector, is organizing an e-conference on "Specialty Chemicals: Growing Share of India in Global Market" on April 28, 2022 from 3:00 - 4:30 PM.
Please register as a delegate for Specialty Chemicals e-Conference by clicking on the link.
The speakers for Specialty E-conference are: Shekhar Khanolkar, Executive Director & CEO Chemicals, DCM Shriram Ltd.; Prof. Dr. R. K. Khandal, President - R&D, India Glycols Ltd.; Dr. Sangeeta Srivastava, Executive Director, Godavari Biorefineries Ltd.; Dr. Alok Khullar, Vice President - R&D, Hindusthan Speciality Chemicals Ltd. and Praveen Arya, Application Engineer, Agilent Technologies.
Growing domestic demand, higher realisations and better exports are fuelling the growth of the Indian specialty chemicals industry. The robust performance of the sector prompted specialty chemical manufacturers to ramp up their production capacity to meet the demand. Estimates suggest that Indian manufacturers had earmarked a Capex of around Rs. 6,000 crore in FY 2021-22.
While export growth is expected to accelerate to 17 -18%, domestic demand will surge to around 20% due to strong demand from agrochemicals, FMCG, pharmaceutical, textile, and others.
Also, the emerging situation looks quite favorable for the sector. With western nations becoming more environment-focussed, production is increasingly getting outsourced to India. The weakened competitiveness of China due to implementation of stringent environmental norms, rising labour cost, and geopolitical issues are helping India to establish itself as an efficient and cost-effective alternative to China, a recent report of CRISIL states. This resulted in increasing India’s share of the global specialty chemicals market to 4% from around 3% between fiscals 2015 and 2021.
Key discussion points for the E-conference are: Global scenario and India’s emergence as an alternative; Strong domestic demand and export opportunities are growth drivers; Capacity addition, process improvement and development; Raw material shortage and rising input cost; Logistic challenges due to inadequate infrastructure; and the way forward.