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approximately Rs 2,627 billion during FY 2017 , reflecting a huge gap in the sector .
The Report will be released during the Indian Chemical & Petrochemical Conference ( ICPC ) 2018 : Vision 2040 conference on September 4 in New Delhi .
The report also touch base on the need for an integrated petro-chemical and specialty chemicals master plan that will help to capture the offtake requirements of downstream units of the Petroleum , Chemicals and Petrochemicals Investment Region ( PCPIRs ).
Though the per capita consumption of chemicals in India is amongst thae lowest in the world , there is enormous potential for demand for selective manufacture to grow , under the Make in India Campaign .
For instance , the per capita consumption of dyes in India is 50 grams as compared to 400 grams in Europe and 300 grams in Japan . Likewise , the per capita consumption of colorants in India is a mere 50 grams vis-à-vis the world average of 250 grams . Plastics and organic chemicals could also be interesting categories , with strong latent demand stemming from the flexible packaging industry .
Taking on these situations , the Indian Chemical and Petrochemical Conference ( ICPC ) 2018 : Vision 2040 conference will bring together leaders from across the chemical value chain , to deliberate upon sector ’ s key challenges and set aspirations for building a robust policy framework .
CII , in partnership with Department of Chemicals and Petrochemicals , is taking the lead to host the ICPC 2018 : Vision 2040 conference , on 5th September 2018 , at Hyatt Regency , New Delhi .
The conference will address matters relating to need for a conducive regulatory framework , environmental issues and steps towards achieving 2X growth in exports . CII has been an influential factor in supporting the developmental of several positive policies for the chemical .
Taking this forward , the ICPC policy forum presents a unique opportunity for the Industry to share the platform with the representatives from the government and put forth their concerns . Shri P Raghavendra Rao , Secretary , Department of Chemicals & Petro-Chemicals will steer the policy discussions , which will be joined by noted policy makers and key officials from government , industry and academia . Stalwarts from leading chemical industries and public-sector including BASF India Ltd , Dow Chemical International Ltd , Lanxess India Ltd , Sabic , TATA Chemicals Ltd , Chemplast Sanmar , Thirumalai Chemicals Ltd , Covestro India will address in the policy advocacy conference .
Raman Ramachandran , Chairman – CII National Committee on Chemicals & Petrochemicals ; CMD - BASF India Limited & Head - BASF South Asia , said , “ As India awaits the National Chemical Policy , this year ’ s conference gains significance . The chemical industry is one of the oldest in the country and has aided the growth of the Indian economy to become one of the strongest globally . We hope to deliberate on robust policies for the chemical industry at this conference . This will help India in promoting safety and security of the chemical industry and enable the sector to be at par with global compatriots .”
“ Today , stakeholders are aligning with companies making sustainable advancements that reduce impact on environment and climate change . Our framework thus will pave the way for focused statutory regulations for the chemical industry ”, he further added .
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august-september 2018 | Global MDA Journal | 49