New Delhi: The Union Minister for Chemicals and Fertilizers, Jagat Prakash Nadda, today inaugurated the 13th edition of India Chem, themed “Advantage Bharat: Indian Chemicals and Petrochemicals Paving the Future”. The event saw the presence of Anupriya Patel, Minister of State for Chemicals and Fertilizers, alongside senior officials from the Ministry, including Nivedita Shukla Verma, Secretary, Department of Chemicals and Petrochemicals, and industry representatives.
During the launch, Nadda highlighted the remarkable journey of India Chem, now in its 13th edition, which is set to take place in Mumbai from October 17th to 19th. He emphasized that the theme aligns perfectly with Prime Minister Narendra Modi’s vision of transforming India into a $5 trillion economy by 2025. He expressed optimism that with a focus on imports, research and development, and manpower training, the sector will significantly contribute to realizing the dream of a developed India (Viksit Bharat) by 2047.
“The Government is committed to the growth of the industry and has implemented numerous structural reforms to support industrial development, particularly strengthening the chemical sector,” said Nadda. He assured industry representatives that the government would introduce necessary policy interventions to bolster the sector and achieve outcomes from the deliberations scheduled for the Mumbai event.
Anupriya Patel, in her address, underscored the critical role of the chemical and petrochemical sector in the economic development of key industries such as automotive, construction, electronics, healthcare, textiles, and FMCGs. She highlighted that India is the second-largest exporter of chemical dyes, dyestuffs, and agrochemicals globally, contributing approximately 3% of global chemical sales.
“Since its inception, India Chem has significantly contributed to the sector’s growth by attracting more investments,” said Patel. She added that the industry holds immense potential for investment and employment generation, with the government’s top priority being the removal of policy bottlenecks to foster investment-friendly reforms. She urged participants to maximize the opportunity to learn, network, and explore new possibilities.
India Chem 2024, the flagship event of the Department, is one of the largest composite events in the Asia-Pacific region, featuring an International Exhibition and Conference. The exhibition aims to showcase the vast potential of the Indian chemical industry and its various segments, including chemicals, petrochemicals, and agrochemicals. It serves as a platform for groundbreaking discussions, visionary ideas, and strategic collaborations among industry representatives.
Currently valued at USD 220 billion, the Indian chemical industry is projected to reach USD 300 billion by 2030 and USD 1 trillion by 2040. Despite global uncertainties, this industry remains a vibrant hub of opportunities.
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