Indian Chemical News (ICN), an important online resource for news, views, analysis, trends, technology updates and interviews with prominent leaders in the chemical and petrochemical space, is organizing its next e-Conference focused on highlighting digital transformation initiatives of Indian chemical sector on October 23, 2020.

 

The topic for the webinar is "Role of Digitization to Make Chemical Industry Aatma Nirbhar" and the e-Conference has an excellent mix of senior level speakers from India's top chemical industry fraternity.

 

Senior stalwarts from industry speaking in the e-conference are: Bimal Puri, VP & CIO, SRF Technical Textiles, Atul Govil, CTO & Head (SAP & IT), India Glycols Ltd, Deepak Keni, EVP - Special Projects & Enablers, Deepak Fertilisers And Petrochemicals Corporation Ltd, Anant Patil, EVP - Technology & Engineering, Praj Industries Ltd, Meghav Mehta, Director, Deepak Phenolics Ltd, Vivek Gupta, AVP & Head – Instrumentation, DCM Shriram Ltd, Bharat Awasthi, AGM & Head – Management Resource Group, GHCL Ltd, Navanith Mohan, Head of Technical Sales, India, AVEVA and John Rodrigues, Associate Director – SYSS Sales, Emerson.

  

Some of the key topics expected to be covered in the discussion includes:

• India and global scenario with respect to digital adoption in the chemical industry 

• Digital roadmap of the company and technology usage in different business units

• Impact of digitization in terms of performance and cost optimization 

• New Business Models due to adoption of digital 

• Supply chain digitization and automation  

• Migration from physical to online platforms 

• Regulatory challenges with respect to digitization

• User experience-using customer analytics and demands to gain insights into customer trends

 

The Indian chemical industry is an industry-of-industries with a combined turnover of $160 billion growing at 100 basis points faster than India’s GDP, making it an important sector to propel the growth of the nation’s economy. Being one of the most diversified industries, the chemical industry in India covers more than 80,000 commercial products and is expected to double its size at $300 billion by 2025.

 

Digitization is going to play a major role in making the Indian chemical industry globally competitive. However, the current digitization of the Indian chemical industry is below average. Digital will have a significant impact on many areas of the chemical industry, with the potential to change value chains, lead to higher productivity and more innovation, and create new channels to market.

 

Speaking on the role of digitization to make chemical industry Aatmanirbhar, Pravin Prashant, Editor, Indian Chemical News said, "In chemical industry, digitization is a complex process so one needs to form a division which has members from Information Technology, Mechanical, Instrumentation and Electrical, along with process owners so that retrofitting becomes easy and company can reap the benefits in terms of increased productivity, enhanced efficiency and cost optimisation."

 

Given all the excitement about digital, it is essential to separate the substance from the hype and carefully evaluate what this will mean for the industry. Digitization is a big boon during COVID-19 times as it helps in reducing manpower, increasing production and bringing efficiency. Presently, few processes are digitised but there is more to do during corona pandemic. This will also help in lessening the wear and tear of the company thereby achieving 100% production capacity.

  

The government is swiftly implementing various schemes announced under the Rs. 20.97 lakh crore Aatma Nirbhar Bharat Abhiyan package which is going to have a multiplier effect on the Indian economy.

 

ICN’s upcoming initiative on Aatma Nirbhar chemical sector aims to highlight success stories of self-reliant initiatives adopted by the industry towards making India a truly empowered nation.

 

The e-conference is being organized with support from Emerson and AVEVA.

 

Please click here to register as a participant for attending the e-Conference.