Date: September 11, 2020 / 3:00 pm
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 government is swiftly implementing various schemes announced under the Rs. 20.97 lakh crore Aatma Nirbhar Bharat Abhiyan package which is going to have a multiplier effect on the Indian economy. The potential of the chemicals & petrochemicals sector is huge and the industry needs to take advantage of various reliefs/incentives provided under the Aatma Nirbhar Package. The government is also working on revamping PCPIR policy for rapid growth through a mix of right incentives to strengthen India's manufacturing base and attract new investments.
For an industry born out of innovation and pivotal to modern society, however, the Indian chemical industry will remain strong. The effects of the Coronavirus pandemic will certainly echo through many industries and their supply chains, providing an opportunity to learn and most likely change the way they work in the future.
The objective of this e-conference is to:
A] Discuss and strategize the way forward and look at the collaborative means to tap the growth potential via self-reliance.
B] To build a roadmap for the chemical industry to bounce back and rebuild businesses swiftly post the COVID-19 crisis.
C] To facilitate strong dialogue, sharing of insights and navigating future industry terrains.
The e-Conference will discuss on:
- Resolving infrastructure inadequacies
- Setting up of New Chemical Clusters with "Single Window Support Mechanism"
- Availability of adequate feedstock
- Exploiting export opportunities
- Fund for Technology up-gradation for chemicals
- Development of Chemical Standards
- Chemical Disaster Management
- Image building of Indian chemical industry
- Sustainability and Green technologies