Shaping Chemistry for Tomorrow - Driving Efficiency and Growth: Siddhartha Ghosal, CEO & Country President, Dow India
Opinion

Shaping Chemistry for Tomorrow - Driving Efficiency and Growth: Siddhartha Ghosal, CEO & Country President, Dow India

By embedding efficiency across manufacturing, product innovation, organizational culture, and sustainability, India’s chemical industry is poised to meet global benchmarks, and drive growth toward becoming a $1 trillion chemical economy by 2040

  • By | July 30, 2025

India’s chemical industry stands at a pivotal juncture. With the government’s emphasis on “Aatmanirbharta” and “Make in India”, the sector is poised to become a linchpin of economic growth. Efficiency is no longer a buzzword but a strategic imperative, spanning manufacturing, customer-centricity, product innovation, organizational culture, sustainability, and community development. 

Sustainability is a catalytic trend shaping the Home and Personal Care (HPC) industry, unlocking significant growth, and enabling vital innovation. Sustainability is not just restricted to operations or manufacturing. Rising demand for sustainable raw materials is not secondary to business growth but is becoming a key enabler for decision making.

By embedding its principles across operations at a holistic level, the industry is primed to meet global quality benchmarks, optimum efficiency, align with India’s ambition to grow into a $1 trillion chemical economy by 2040. This growth-conscious approach needs to be balanced with long-term resilience, thus enabling businesses to navigate market volatility and manage geopolitical headwinds, all the while contributing to the nation’s growth.

Technology as the Catalyst for Global Leadership

India’s aspiration to become a global manufacturing powerhouse hinges on adopting cutting-edge technologies. Artificial Intelligence (AI), IoT-enabled predictive maintenance, and advanced data analytics are revolutionizing plant operations in the sector. For instance, AI-driven demand forecasting minimizes inventory waste, and digital twins of production lines improve performance and efficiency. Such innovations enable manufacturers to scale rapidly, meet stringent timelines, and deliver high-quality products that compete globally.

Further, the integration of automation in manufacturing processes not only enhances safety but also boosts output consistency and maintains quality. As the sector strives to increase investments in smart factories and digital supply chains, it strengthens its own position as a reliable partner for global markets. 

Materials Science Powering Sustainable Innovation

Modern consumers now demand products which are high performing yet environmentally responsible, and materials science is meeting this challenge head-on. For instance, advanced silicone formulations in construction enable energy-efficient glass facades that reduce building cooling costs considerably, aligning with India’s green infrastructure goals. Similarly, innovative solutions in the household segment, such as mattress recycling by converting polyurethane foam waste into new raw materials, support product and environmental stewardship. Another apt example in today’s hyper-connected markets is the use of post-consumer recycled (PCR) resins for non-food applications, in packaging. These resins offer durable and sustainable alternatives while reducing dependency on virgin plastic. We see that these innovations underscore the broader role of chemistry in driving sustainable solutions across industries while preserving an efficient use of resources, and the need for such solutions is only rising as we pursue growth. 

Diversity as the Engine of Innovation

At the people level, the chemical industry, once male-dominated, is transforming rapidly. Today, increased women participation in the sector is bringing fresh perspectives to R&D, operations, and leadership. Diverse teams drive creativity, while inclusive hiring practices have unlocked talent in underserved communities.

It is now more than ever that the industry needs to cultivate a culture of diversity and inclusion (DEI) that in turn fosters resilience. Diverse perspectives and needs drive the development of policies that lead to breakthroughs, promoting both equity and equality in the workplace. Companies embracing DEI culture have seen higher employee retention. As India’s demographic dividend unfolds, nurturing an inclusive workforce will be critical to sustaining innovation and maintaining a competitive edge.

Elevating Industry’s Role in Sustainable Growth 

Beyond increasing the global footprint, the chemical sector, often perceived as resource-intensive, is now redefining its relationship with the planet. As a foundational industry enabling infrastructure, mobility, electronics, and cutting-edge technologies, we bear a dual responsibility: driving economic progress while preserving our planet.  

Circular economy and sustainability principles now require being embedded in product life cycles while preserving the quality of the product’s design. We see excellent examples in this regard, from bio-based polymers to recyclable chemistries that are reducing dependency on virgin resources. Inducting carbon capture technologies into operations are slashing emissions in ethylene crackers, and usage of green hydrogen is decarbonizing ammonia production, aligning the sector with India’s clean energy transition.

Further, operational initiatives like adopting solar-powered plants demonstrates how clean tech integration can scale manufacturing productivity without compromising sustainability. The Government’s schemes such as the National Green Hydrogen Mission further amplify these efforts. This approach positions the sector as a crucial enabler of India’s growth across various domains—from durable construction materials that minimize waste to lightweight automotive components that improve fuel efficiency. 

CSR as a Catalyst for Holistic Efficiency

By investing in communities, organizations cultivate trust, strengthen community relations, and ensure their contribution to social causes in and around the areas of its operations. Over time, these initiatives build talent pools, increase community resilience, and aid in enhancing the sector’s ability to meet global standards, proving that societal progress and industrial efficiency are mutually reinforcing.

At the community level, initiatives that aim at empowering women, such as through mentored entrepreneurship programs and empowerment drives, unlock their immense economic potential while addressing gender disparities at a granular level. Similarly, promoting STEM education among underprivileged youth nurtures a strong and enabled workforce. Igniting an early interest in science, ensures a pipeline of future-ready and skilled young professionals, ready for the industry’s evolving growth demands.

Collaborating for a Shared Vision

India’s chemical industry is not just a contributor to the economy but a catalyst for sustainable development. By embracing efficiency in manufacturing, product design, organizational culture, and environmental stewardship, the sector can drive inclusive growth while positioning India as a global leader. Success hinges on collaboration to foster innovation-friendly policies, skill development, and infrastructure. 

At Dow India, we believe that progress is not a solitary pursuit but a collective journey. We are "Building Chemistry for Tomorrow", guided by our ambition to innovation, customer-centricity, inclusivity, and sustainability, we are championing solutions that empower industries, communities, and ecosystems to thrive in harmony in a common pursuit of growing excellence. By partnering with policymakers, academia, startups, and civil society, we are co-creating value chains that prioritize responsible and efficient growth at a holistic level. 

The chemical industry’s role is not only to respond to shifts in efficiency and growth drivers but to actively spearhead them with responsibility, equity, and a steadfast commitment to progress. By harnessing our collective efficiencies, we can unlock innovative solutions that drive sustainable growth and create shared value for all stakeholders. Let us seize this opportunity as partners, united in our mission to foster a dynamic and prosperous India, where the benefits of our collaboration resonate for generations to come. 

Register Now to Attend Chem Connect 2025 on August 21th 2025, Novotel Mumbai International Airport

Upcoming Conferences

Chem Connect 2025

August 21, 2025

Other Related stories

Startups

Chemical

Petrochemical

Energy

Digitization