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 contributions and key role played by PSU sector in Indian chemical sector on November 27, 2020 from 15:00 PM till 16:30 PM IST.

 

The topic for the e-conference is "Role of PSUs in Making Chemical Industry Aatma Nirbhar" and the session has an excellent mix of senior level speakers from India's top chemical and petrochemicals PSU fraternity inlcuding academia and leading global and local brands.

 

Stalwarts from industry speaking in the e-conference are: Dr. S. P. Mohanty, Chairman & Managing Director, HIL (India) Ltd; Ravitej PV, Executive Director, BPCL; Vartika Shukla, Director (Tech), Engineers India Ltd; K. K. Jain, Executive Director, Centre For High Technology, GoI; Prabh Das, MD & CEO, HPCL- Mittal Energy Ltd; Kishor Rungta, CMD, FACT; Ghanshyam Patel, Former Executive Director, GSFC; Satyabhusan Dash, Professor – Marketing, IIM Lucknow; Atul Sobti, Director General, SCOPE; Rakesh Verma, Managing Director, Simon India; Sadanand Bhavanishankar, Managing Director, Elliot Ebara Turbomachinery India and Pravin Prashant, Editor, Indian Chemical News.

 

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

• Role of PSUs in developing Indian chemical sector

• PSUs emerging as a saviour during the crisis

• Privatisation and Chemical PSUs

• Performance of PSUs and its impact, Modernisation

• Future of PSUs

• Need of PSUs to make India Aatma Nirbhar in chemical sector

 

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.

 

The Public Sector Undertakings (PSUs) have been proved as main pillars of India’s economic growth. PSUs have played major roles in tackling serious socio- economic and financial issues in post-independence India. Our PSUs have helped bridging the income gap, imbalance in regional economic development and wide spread unemployment. At this point of time, Public sector is seen as an instrument of development for self-reliant and steady economic growth.

 

Therefore, PSUs hold a central platform of importance in the Indian economy through manufacturing and providing advancement in the field of science as well as being career magnet for youth for jobs. The PSUs also played a significant role in developing the chemical industry and petrochemical in India and continue to do so.

 

PSUs provide a huge leverage to the government (their controlling shareholder) to intervene in the economy directly or indirectly to achieve the desired socio-economic objectives. At times, these objectives may be misplaced but at others especially in times of do-or-die situation such as in 2008, PSUs play a key role in steering the national economy in the right direction.

 

Considering the current situation due to COVID-19, PSUs needs to play a bigger role to make chemical and petrochemical industry Aatma Nirbhar by increasing their overall performance.

 

"PSUs have always played a significant role towards making India Aatmanirbhar since years. It is the right time for PSUs to make India self reliant on imports for raw materials. This will help in a lot of foreign exchange savings both on the raw material as well as finished product thereby making India Aatmanirbhar in the long run," said Pravin Prashant, Editor, Indian Chemical News. 

PSUs should also focus on innovations and backward integration which will increase their portfolio and also help in increasing additional revenue for the government, added Pravin Prashant.

 

ICN Media, being a knowledge led media platform, attempts to bring together key stakeholders from PSU eco-system to join this exciting and interactive dialogue exchange during the upcoming session. Click here to reserve a complimentary seat for attending the live session.

 

The e-conference is being organized with support from Elliot Ebara Turbomachinery India and Simon India.