The Indian Chemicals industry, which accounts for 2.51 per cent of its overall GDP and 15.95 per cent of its manufacturing, is expected to grow at 15 per cent per annum over the next few years.
Dr. AJV Prasad, Joint Secretary, Department of Chemicals and Petrochemicals said “The Chemicals industry already makes a major contribution to what’s made in India. The Chemical industry is expected to grow at a rate of 15% per annum over the next few years. The current government is working on the national chemical policy and will be coming up with the document soon.”
Dr. Prasad further added, “The Indian Chemical industry including fertilizers and petrochemicals is estimated approximately at US$144 billion which is about 4% of the global market of $3.6 trillion. The industry accounts for 15.95 per cent of India’s manufacturing and 2.51 per cent of its overall GDP, however its impact is much broader.”
CII under the theme of Chemistry Everywhere today organised a conference on ‘Doing Chemistry with a Purpose: ‘Innovative, green and safe solutions for life’. The forum 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.
Present at the occasion were Mr. Nadir Godrej, Chairman, CII National committee on Chemicals and Managing Director, Godrej Industries Ltd, Dr AJV Prasad, Joint Secretary, Department of Chemicals & Petrochemicals, Ministry of Chemicals & Fertilizers and experts from the industry and academia.
Lending his views on the occasion Mr. Nadir Godrej, Chairman, CII National committee on Chemicals said “For ‘Make in India’ to live up to its promise requires the collaborative efforts of many stakeholders including government, industry and academicians. We would also appeal various industries to reduce imports by encouraging indigenous production which will help us grow on the back of buoying campaigns like Make in India & Swatch Bharat. Chemistry is the solution to the society.”
Dr. AJV Prasad, Joint Secretary, Department of Chemicals and Petrochemicals said “The Chemicals industry already makes a major contribution to what’s made in India. The Chemical industry is expected to grow at a rate of 15% per annum over the next few years. The current government is working on the national chemical policy and will be coming up with the document soon.”
Indian Chemical Industry expected to grow at 15% pic.twitter.com/laSzUGQI9E
— Press Release Watch (@PrReleaseWatch) November 28, 2014
Dr. Prasad further added, “The Indian Chemical industry including fertilizers and petrochemicals is estimated approximately at US$144 billion which is about 4% of the global market of $3.6 trillion. The industry accounts for 15.95 per cent of India’s manufacturing and 2.51 per cent of its overall GDP, however its impact is much broader.”
CII under the theme of Chemistry Everywhere today organised a conference on ‘Doing Chemistry with a Purpose: ‘Innovative, green and safe solutions for life’. The forum 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.
Present at the occasion were Mr. Nadir Godrej, Chairman, CII National committee on Chemicals and Managing Director, Godrej Industries Ltd, Dr AJV Prasad, Joint Secretary, Department of Chemicals & Petrochemicals, Ministry of Chemicals & Fertilizers and experts from the industry and academia.
Lending his views on the occasion Mr. Nadir Godrej, Chairman, CII National committee on Chemicals said “For ‘Make in India’ to live up to its promise requires the collaborative efforts of many stakeholders including government, industry and academicians. We would also appeal various industries to reduce imports by encouraging indigenous production which will help us grow on the back of buoying campaigns like Make in India & Swatch Bharat. Chemistry is the solution to the society.”
