The conference concentrates in growth, market progress, and the effects of AI, technological advancements, and sustainability on India’s chemical sector
The Indian Chemical Council (ICC), the apex national body of the Indian chemical industry, successfully hosted the 18th Annual India Chemical Industry Outlook Conference and Exhibition, with the subject “Engineering the Future: Reclaiming the India Chemicals Sector for improved Resilience,” at Hotel J W Marriott Hotel, Mumbai.
A main platform for policymakers, industry leaders, and traders, the occasion comes as India’s $220 billion chemical industry gears as much as exceed $1 trillion through 2040, supporting the nation’s position as a worldwide chemical hub.
A whitepaper by McKinsey & Enterprise was launched at the conference and exhibition, titled, ‘Building Resilience for Global Leadership: The Path Forward for India’s Chemicals Industry.’
The report emphasize a new duration for the global chemicals industry. It also debates India’s chemical industry, and the capability for its high growth and resilience. Lastly, the report covers the way forward for Indian chemical enterprises.
In his keynote address, Dr. Kartik Bharat Ram, President, ICC and Joint Managing Director, SRF Ltd. stated, “The occasion has grown exponentially over the last few years, uniting visionaries, innovators, and thought leaders to form the future of India’s chemical industry. With increasing domestic intake, transferring deliver chains, and aggressive expenses, the sector is composed for indicative growth. administration support and technological improvement further drive this momentum.”
“Depicting over 80% of the industry, ICC obtained the esteemed 2024 OPCW Hague Award for its commitment to chemical protection and security. Now, our concentration must be on placing India as a international powerhouse in chemicals,” brought Ram.
Addressing the occasion by a video message, Nivedita Shukla Verma, Secretary, Department of Chemicals & Petrochemicals, Ministry of Chemicals and Fertilisers, Government of India, highlight on the topic’s relevance amid the growing geopolitical landscape and India’s vision for Viksit Bharat 2047.
Emphasizing the need for accelerated funding, R&D, and international value chain merging, she declared the approval of five new Centres of Excellence (CoE), with plans for 3 more. A devoted portal now combines 1,000 industries with 50 studies institutions, promoting industry-academia collaboration.
She also emphasized policies fostering renewable assets and cleaner technologies, equating economic growth with environmental and human health priorities.
Providing the keynote address, Deepankar Aron, Joint Secretary – Chemicals, Department of Chemicals & Petrochemicals, Government of India, emphasized the effects of world geopolitical shifts and the urgent requirement for technological reinvention in the chemical industry.
He also highlights that attaining Viksit Bharat 2047, as imagined by the Prime Minister, demand fast economic growth—concentrated on $26 trillion economy and in keeping with capita income surpassing $14,000.
He referred to that initiatives like Atmanirbhar Bharat, Make in India, and PM Gati Shakti will reinforce production, attract global fundings, and combine India into international deliver chains. With chemical exports volunteering 7% of India’s merchandise exports ($45 billion last year) and FDI influxes around $20 billion over two decades, the sector stays a main growth driver.
Aron reiterated India’s commitment to INDOVATION—low priced, reachable, and sustainable innovation with Indian characteristics.
Marco Mensink, Director General, European Chemical Industry Council – CEFIC, Brussels, Belgium, discussed in his keynote address at the geopolitical development and the chances which are expanding for India’s chemical industry.
The conference concentrating on growth, market enlargement, and the impact of AI, technological advancements, and sustainability on India’s chemical sector.
The 18th ICC Conference explored digital transition, AI integration, and sustainability-driven improvements. Experts shared case studies on net-zero ventures, which includes carbon capture, method automation, and sustainable feedstocks. The position of hydrogen-based totally production in lowering carbon footprints and administration-backed R&D incentives for energy-effective procedures was also highlighted.
India is arising as a leader in eco-friendly specialty chemicals amid a worldwide shift toward climate-conscious manufacturing. With increasing investments in blockchain-sponsored supply chains, AI-driven quality control, and smart production, the industry is experiencing tech-driven transition tailoring its long-term competitiveness.
The 18th ICC Conference might be a main platform for driving AI adoption, sustainable practices, and technological development. As India strengthens its worldwide footprint, the chemical sector stays essential to the nation’s ecological and financial aims.
Earlier within the day, Kamal P. Nanavaty, Chairman, Conference and Exhibition Expert Committee, ICC, gave his starting remarks at the conference. While welcoming the representatives, he pressured the significance of the topic of the conference and commencing the aims for the industry. Ramya Bharathram, Vice President, ICC and Managing Director & CFO, Thirumalai Chemicals Ltd. Proposed the vote of thanks.
