Mumbai-based consulting firm Tata Strategic Management Group will be the knowledge partner for the task force set up to study various facets of the chemical industry.

Recognising the importance of the chemical sector to the growth of the Indian economy, the government has set up the task force under the Department of Chemicals and Petrochemicals (DCPC) to develop a vision for 2020, examine major policy issues and make recommendations for enhancing investment and global competitiveness.

The task force will submit its recommendations to the government within six months.

According to the Tata Strategic Management Group, the Indian chemical market is poised to move into the next phase with 12-15 per cent annualized growth till 2012.

The Chemical & Energy Practice at Tata Strategic Management Group (Tata Strategic) has assisted both global and Indian companies across the entire spectrum from basic chemicals to specialty and knowledge chemicals, pharmaceuticals and energy industry to enable them to stay ahead of the competition.

By leveraging its in-depth understanding of the Indian market, Tata Strategic Management Group helps its global clients craft an India entry strategy, identify acquisition targets, and carry out due diligence.

Tata Strategic has developed innovative, structured and customised methodologies for the chemical sector which are not only workable and effective, but also easy to implement.