Role of MSMEs To Make Chemical Industry Aatma Nirbhar

Date: October 09, 2020 / 3:00 pm

Overview

MSME can be the backbone for the existing and future high growth businesses with both domestic and foreign companies investing in MSMEs and make significant impact in the area of indigenisation. The new wave of MSME’s should enable the development of a business eco system that enables and continuously support business that are gearing to deliver the right product, the right quality, the right solution and the right service at a competitive price, both in domestic and international markets.

Currently, India's chemical sector is regarded as a diversified industry churning out over 80,000 commercial products. The sector, dominated mainly by MSMEs, contributes about 10.5% to India's foreign trade and is an employment generator for millions. Although the future of India lies in MSME sector, MSMEs in chemicals and allied sectors hasn’t performed to its true potential. The sector needs to take up new challenges, set higher goals and aspire for extraordinary results. While the chemicals and allied sectors’ exports have a share of 10 per cent of the global chemical market, India should aspire to be the top exporter of products from this sector.

Even with the amplified growth rate and government incentives, the industry does not escape itself from challenges. There is still lack of knowledge on how to structure their innovation, marketing and sales, manufacturing, and portfolios accordingly.  The e-Conference will discuss the challenges and opportunities for the MSMEs in the chemical industry and the way forward.

Key Discussion Points:
- Improving infrastructure
- Securing bank loans
- Land availability
- Energy audit
- Cluster development
- Investment in R&D
- Policy compliance

The objective of this e-conference is to:
A] Discuss and explore innovative ideas and business models required for driving growth of MSME’s in the chemical sector.
B] To build a roadmap for the MSME ecosystem to forge sustainable alliances and partnerships with chemical industry.  
C] To facilitate strong dialogue, sharing of insights and navigating future industry terrains.

Speakers

Parag Jhaveri Managing Director Yasho Industries
Deepak Ballani Managing Director The All India Plastics Manufacturers’ Association
Janak mehta President The Dyestuff Manufacturers Association of India
Shavak bhumgara Chairman – Dyes & Dye Intermediate Panel Chemexcil
Ullhas Nimkar CMD NimkarTek
Manish Shah Chairman – Chemicals Committee Trade Promotion Council of India
Pravin Prashant Editor Indian Chemical News