Ahmedabad : Chem industry occupies significant value to the rich state of India. Confederation of Indian Industry (CII) organised the 2nd Edition of Gujarat Chemical Conclave – Challenges & Way Forward. The overall objective of the conclave was to highlight and facilitate deliberation on the challenges and opportunities in the sector with specific reference to regulatory framework and emerging technologies.Chem industry occupies a significant value and contribution to the rich industrial state of India – Gujarat and Chem industry and companies in Gujarat are continuously expanding their capacities to cater to rising demand from domestic and overseas. Showcasing the potential and capability of Gujarat to contribute towards making India a $5 trillion economy. The key topics of the conclave were, ‘Role of Chemical Sector to prepare India $5 Trillion Economy, Environmental Compliance for Chemical Sector, 5 Year’s Plan to going forward, Geopolitical shift and emerging global science’. In this conclave, the Chairman of CII – Southern Gujarat Zonal Council and Director Orgo-Chem Pvt. Ltd Paras Mehta said, “The FDI inflows in the chemical industry are @ 20 billion USD per year. It is a sector where 100% FDI is allowed. One very interesting aspect about the chemical industry is that it is a Global out performer in terms of total return to shareholders (TRS). Hence, it is one of the favorites for investors around the Globe. Furthermore, interesting is, the TRS of an Indian company is 15% as against the Global average of 8%. The Indian chemical industry has numerous opportunities considering the supply chain disruption in China and trade conflict among the US, Europe, and China. Anti-pollution measures in China and increased cost structure and interest rates in China, will also create opportunities for the Indian chemical industry in specific segments. When the whole world is looking forward to India as their prime supplier, India has a great opportunity and let us all realize this dream of making India great chemical destination.
Chairman of CII National Committee on Chemicals and Petrochemicals & Executive Director Tata Chemicals Ltd Zarir Langrana, Past Co-Chairman – CII Smart Manufacturing Council and Managing Director Rockwell Automation Dilip Sawhney, Member Secretary- Gujarat Pollution Control Board Government of Gujarat D. M. Thaker and Dr. Sawan Godiawala Partner Deloitte were the key speakers in this conclave.
India is among the top chemical exporting countries and ranks 6th in the world in Chemicals sales and contributes 3% to the global chemical industry. India exports inorganic and organic chemicals, tanning and dyes, agrochemicals, plastics, synthetic rubber, filaments, etc. The country is emerging as one of the focus destinations for chemical companies due to its high domestic consumption growth and Government’s “Make in India” is creating a conducive milieu to facilitate Government has taken various initiatives towards promoting the growth in the Chemical Industry, in addition to ensuring safety to the environment. The Chemical (Management & Safety) Rules, an initiative by Department of Chemical & Petrochemical, expected to be released in a few months is amongst one of such initiatives. The government is also in the process of launching a production-linked incentive (PLI) for the chemical sector to increase self-reliance in the country. Mission mode set forth by Hon’ Prime Minister’s Make in India campaign & Atmanirbhar Bharat or self-reliance India, the chemical sector is truly being geared for the next phase of growth.”
Anand Desai – Chairman, CII Gujarat State Council & Managing Director, Anupam Rasayan India Ltd
India is Leap frogging into its next phase of development, where the chemical industries have a massive scope to outshine other industries and be a part of country’s growth story. Chemical industries will develop an edge if they adopt smart manufacturing practices as it will provide a means of balancing the extreme regulatory controls and complex value chain functions through automation and flexible networks. Digital twin, a dynamic virtual replica of a physical asset — is emerging as a powerful tool for the asset integrity management (AIM) of chemical plants and the industry must embrace this technology.
Dilip Sawhney – Past Co-Chairman – CII Smart Manufacturing Council and Managing Director Rockwell Automation
Chemical Industry is a fast-growing sector and economy booster with double digit growth potential. We can agree upon the fact that the Chemical industry needs to incorporate Innovation and Automation, but it is also up to the Industry Stakeholders to be compliant with the norms set up by the Government. The industries must also join hands with the Governments at States and National Levels to ensure that recommendations are made to reduce compliance burden which would encourage single window clearance and ease of doing business.
Zarir Langrana – Chairman CII National Committee on Chemicals and Petrochemicals & Executive Director Tata Chemicals Ltd
