Veterans of the Indian chemical industry are all set to deliberate the focus and strategy for current and future research and development initiatives. The panel discussion on the first day of the NextGen Chemical and Petrochemical Summit 2021 being organized by Indian Chemical News from 7-8 October, 2021 has been appropriately titled as ‘Leveraging R&D for achieving higher growth’. The main theme of the event is "Moving in the big league."

Please register as delegate for the NextGen Chemicals & Petrochemicals Summit 2021 by clicking on the link 

Among the confirmed speakers on the panel are: Prof. G. D. Yadav, Emeritus Professor of Eminence, Institute of Chemical Technology Mumbai; Bijal Mathkar, R&I Director, Solvay Research and Innovation Center, India; Dr. Mayukh G Warawdekar, Senior Vice President - R&D, Fine Organic Industries Limited; Dr. Kamlesh Pai Fondekar, Head-R&D, Godrej Agrovet Limited; S. Bharathan, Executive Director - R&D, HPCL; and Ganesan Balakrishnan, GM- R&D and Special Projects, Sudarshan Chemical Industries Limited. The session will be moderated by Pravin Prashant, Editor, Indian Chemical News.

The key discussion points include increasing investment in R&D, new areas for leveraging R&D investment, leveraging R&D infrastructure in Universities and Labs, creation of R&D funds by the government, developing an institutional framework for R&D and enhancing chemical patents from India. Click here to viw the full program agenda.

The Indian chemical industry is witnessing an upward curve due to rapid consumerism, rapid pace of growth in manufacturing, policy initiatives, technological advancement, innovation, R&D and regular and large investments amongst other factors. There is a strong need to increase R&D efforts in the chemical industry if India wants to cash in on the opportunities created by global trade conflicts as well as strict environmental norms in some of the manufacturing centres.

The chemical industry spends on average around 3% of total turnover on R&D compared to around 9% by companies in developed economies. According to Oxford Economics, the chemical sector invested US $51 billion in R&D in 2017. China was home to the largest chemical R&D spend, with an investment of US $14.6 billion, followed by the US and Japan, with a US $12.1 and a US $6.9 billion investment, respectively. India was ranked 7th with US $1.8 billion investment.

The chemical R&D investment in India is not up to the mark and increased investment will help in improving product quality, obtaining higher yields resulting in reduction in cost of production, and to earn competitive edge in the international market.

The basic chemical sector needs to assign high priority in enhancing the effectiveness of process oriented R&D for productivity enhancement and more rational material and energy utilization. The speciality chemical sector has to make serious efforts to come out of the moderate R&D intensity growth band through higher quality product oriented research.

R&D institutes within industry and R&D labs within colleges and universities will play a cohesive role by working together with the chemical industry and solving their problems.

The idea behind ‘NextGen Chemicals & Petrochemicals Summit 2021’ is to provide a premier forum for the high quality deliberations. Apart from offering insights from who’s who of the chemical and petrochemical industry, it will provide ample networking opportunities with industry experts and solution providers. With interactive branding opportunities available throughout the platform, partners can connect with their target audience from anywhere in the world. The participants can network with key decision makers from the chemical and petrochemical industry all under one roof with participation from CMDs, CEOs, MDs, and government officials.

The summit is supported by the leading names in the industry. Among the platinum partners are: AspenTech, Trend Miner, Elliot Group, and Tridiagonal Solutions. Featured as the gold partners of the event are: GPC, Ingenero, Durr, Evonik, Rieco, Premier Tech, and Agilent Technologies. Among the associate partners are Meghmani Finechem, Huntsman, Solvay, Aarti Industries, Sajjan India, Godavari Biorefineries, and Carbanio. The industry partners of the event include AMAI, PMFAI, and CCFI.

Register Now by clicking here to attend India's largest event on chemical, petrochemical and pharma industry!