Chemical industry is the key driving sector for other important industry sectors, having lots of interlinkages. The sector is growing at the rate of 8 to 9% p.a. and has much more potential to grow faster. However, there are no major investments being made in the sector by big international players, according to Mr Rajeev Kapoor, Secretary, Department of Chemicals & Petrochemicals, Ministry of Chemicals & Fertilizers, Government of India.

While speaking in the 4th edition of CII Chemistry Everywhere Conference today in New Delhi, Mr Kapoor said, the chemical sector although remains competitive globally, it is constrained domestically. Still, much more can be enhanced by keeping close interaction with the user segment. One important action plan for government will be to work with the consumers and industry and then develop the products, he said.

The Chemistry Everywhere Conference- Energizing Make in India through the Chemical & Petrochemical Industry was organized by the Confederation of Indian Industry (CII) in close partnership with Department of Chemicals & Petrochemicals, Ministry of Chemicals & Fertilizers.  

The Secretary emphasized on giving focused attention to few policy areas including revising the PCPIRs, following three out of the four PCPIRs not reflecting desired results. ‘Our trade Policy also needs stability and we have already taken up that with the Ministry of Commerce’, he added.

‘In order to make petrochemicals as major source of sustainability, we need to be working on value chains and for that we need to work with the champion industries. We also need to push for skilling the chemical aspects of the industry, the Secretary remarked.

Elaborating on the objectives of the CII Chemistry Everywhere campaign, Dr Raman Ramachandran, Chairman, CII National Committee on Chemicals said, with the mission mode set forth by Hon’ Prime Minister’s Make in India campaign, the chemical sector is truly being geared for the next phase of growth and we, in industry, look forward to working with Government to achieve this shared aspiration.’

CII has been taking initiatives to strengthen the collaborations between Government and the Indian Chemical Industry towards the common goal of making India a global manufacturing hub for chemicals.

Dr Ramachandran also presented some of the key issues, needs and roadmaps for the sector and urged the government for making those actionable in coming times. Creating an integrated Petrochemical & specialty chemicals Master Plan, investing in heavy upfront Infrastructure in Greenfield PCPIRs, setting up a technology upgradation fund for the chemicals industry and reviewing reverse duty structures, establishing India’s chemical inventory database, upgrading the Tier-2 Chemical Universities through PPP model, launching of parallel inspections, time bound clearances, pre-approved list of companies, etc are some of the key elements which were highlighted.

CII Compendium on Chemistry Everywhere - In Pursuit of Sustainable Development was also released during the occasion by the Secretary, Mr Rajeev Kappor.

The conference provided an opportunity to consider what ‘Make in India’ really meant and its implications for the Indian industry with special focus on the chemical sector.

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