Indian Chemical News is organising a panel discussion on “Inviting investment to achieve US $2 Tn chemical economy by 2047” during ‘NextGen Chemicals & Petrochemicals Summit 2024’ on July 12, 2024.

The 4th Edition of NextGen Chemicals & Petrochemicals Summit 2024 will be held on July 11-12, 2024 at the Novotel Mumbai International Airport, Mumbai. The theme of this year’s Summit-cum-Conference is "Transforming India into a Global Manufacturing Hub.”

Please register for the Summit by clicking on the link (https://www.indianchemicalnews.com/nextgen-chemical-and-petrochemical-summit-2024/register.php). 

Points to be covered during the session are: Mergers & Acquisitions; Strong growth potential; Favourable government policies; Robust domestic market; Skilled workforce and innovation; Competitive manufacturing; Sustainable practices; and Creating buffer zones for chemical PCPIR.  

Speakers for Inviting Investment to achieve US $2 Trillion Chemical Economy by 2047 session during the 4th Edition of NextGen Chemicals & Petrochemicals Summit organised by Indian Chemical News, India's No. 1 news portal on Chemical, Petrochemical and Energy are: Mukesh Malhotra, Country Manager & Managing Director, Syensqo India; Nilesh Kulkarni, Director - Commercial, Gharda Chemicals Ltd.; Shitij Kale, Senior Director – Investments, IndiaRF; and Nidhi Ghuman, Ex - Sr. EVP, 360 One AMC. The moderator of the session is Mahesh “Deal” Singhi, Founder & Managing Director, Singhi Advisors

The global chemical industry is currently valued at approximately US$ 5 trillion. Within this, India has emerged as the fifth-largest chemical producer, marking its significance in the global market. Despite its impressive position, India’s share in this vast global market is around 4.3%, in contrast to China’s 32%. Over the last five years, India’s chemical sector has experienced a strong compound annual growth rate (CAGR) of about 11.7%, indicating an expanding industry.

India's chemical sector has been witnessing significant growth, and with favorable government policies and a robust domestic market, it presents a promising investment destination. Major macroeconomic factors, such as urbanization, lifestyle changes, infrastructure development, and the agriculture sector's modernization are driving the demand for chemicals across multiple sectors.

Indian chemical companies are known for their cost competitiveness and quality production capabilities. The country's skilled labor, access to raw materials, and favourable geographic location for exports provide a competitive advantage to chemical manufacturers.

Also, the Indian chemical industry is actively working towards sustainable practices, waste management, recycling, and the circular economy. Investing in environmentally friendly initiatives and technologies aligns with global trends and positions companies for long-term success.

The rapid expansion and India’s ambition to become self-reliant in order to bridge the trade deficit is offering a big investment opportunity for investors. According to government estimates, the Indian chemicals and petrochemicals industry anticipates US$ 100 billion investment in the near future. 

Indian Chemical News believes that investing in the Indian chemical industry offers substantial growth opportunities, long-term returns, and contributes to the sustainable development of the Indian economy. Investors can explore the diverse investment avenues available, such as setting up manufacturing facilities, research centers, distribution networks, and collaborations with Indian chemical companies.

Industry needs a collaborative approach and work towards achieving the US$ 2 trillion milestone by 2047.

The Summit is supported by DCM Shriram Chemicals as principal partner, Somaiya Vidyavihar University as academia partner, Cadmatic as platinum partner and Andhra Pradesh Economic Development Board (APEDB), Govt. of Andhra Pradesh as state partner.  

Gold partners for NextGen Chemicals & Petrochemicals are: Epsilon Carbon, Forbes Marshall, Gharda Chemicals, Indofil Industries, Ingenero, IPCO, Jaaji Technologies, Moglix, PIP, Port of Antwerp - Bruges, RIECO and Re Sustainability. Associate Partners are: HPCL and Nuberg EPC. Supporting partners are: Aarayaa Advisory Services, Archroma, India Glycols and Tata Steel Special Economic Zone and industry association partners are: ACFI, AMAI, CropLife India, Gujarat Chemical Association and PMFAI.