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New Delhi, July 20, 2024: Union Minister for Chemicals & Fertilisers Jagat Prakash Nadda today launched the 13th edition of the India Chem with the theme “Advantage Bharat: Indian Chemicals and Petrochemicals Paving the Future” here.
The event has travelled a long journey and is now ready for its 13th edition to be held in Mumbai in October this year, said Nadda.
He also said that the theme of India Chem 2024, “Advantage Bharat: Indian Chemicals and Petrochemicals Paving the Future” aligns well with Prime Minister Narendra Modi’s vision of making India a $5 trillion economy by 2025.
The year 2024 is an important year as the 13th edition of IndiaChem is going to be held on 17th to 19th October in Mumbai, Nadda said and expressed hope that “with focus on import, Research and Development and manpower training this sector will contribute its share in realising the dream of Viksit Bharat by 2047”.
India Chem 2024, the flagship event of the Department, is one of the largest composite events of the industry in the Asia-Pacific comprising an International Exhibition and Conference. The India Chem exhibition aims to showcase the huge potential of the Indian chemical industry as well as its different industry segments (including chemicals, petrochemicals, agrochemicals etc.) and to provide a platform for ground-breaking discussions, visionary ideas, and strategic collaborations amongst industry representatives.
The Indian chemical industry is currently valued at USD 220 billion and is expected to reach USD 300 billion by 2030 and USD 1 trillion by 2040. This industry remains an active hub of opportunities, even in an environment of global uncertainty.
The Union Minister said that the Government is committed to the growth of the industry and has initiated numerous structural reforms to support industrial development in general, and to strengthen the chemical sector in particular, and stated that this sector is a top priority for the Government.
He also assured the industry representatives that the government will come up with policy interventions required to strengthen the sector. “The Ministry will initiate policy measures to achieve the outcomes that will come out of the deliberation that will take place in Mumbai”.
Nadda also launched the brochure for the 13th edition of IndiaChem in the presence of Minister of State for Chemicals & Fertilizers Anupriya Patel. Secretary, Department of Chemicals and Petrochemicals Nivedita Shukla Verma was also present on the occasion along with senior officials from the Ministry and industry representatives from the chemical and petrochemical sector.
Addressing the gathering Minister Anupriya Patel said that the chemical and petrochemical sector plays a crucial role in the economic development of key sectors such as automotive, construction, electronics, healthcare, textiles, and FMCGs.
She highlighted the increasing contribution of the chemical sector in economic development as well as the opportunities for future development.
She stated that “India is the 2nd largest exporter of chemical dyes and dyestuff as well as agrochemicals in the world. It also contributes about 3 per cent of global chemical sales”.
“Since its beginning India Chem has contributed to the growth of the sector by bringing more investment,” Patel said adding this industry has immense potential for investment and employment generation.
“With a clear focus on investment-friendly reforms, the removal of policy bottlenecks is a top priority for the Government,” the State Minister said and urged all the participants to make best use of the opportunity to learn, network, and explore new possibilities.
