In the context of the growing economy, sustainable development is a prerequisite. Chemicals being indispensable, India needs to take big leaps forward, from the current 3% to at least 5-6 % global industry share. To achieve this, the zero defect zero effect model signifying products with no defect and production process with no adverse effect is the future of chemistry, said Shri D V Sadananda Gowda, Minister of Chemicals & Fertilizers, Government of India.
Addressing the 2nd edition of Indian Chemicals and Petrochemicals Conference (ICPC 2019) organised by Confederation of Indian Industry (CII), the Minister of Chemicals & Fertilizers said, Government's focus is on strengthening the sector by supporting Industry with development/adoption of new technologies and techniques. Looking at the future, the industry needs to focus on high potential areas like agro-chemicals where India is the 4th largest in the world and speciality chemicals.
Minister also assured industry members that Government is actively working towards further improving the investment and business climate in the country and also India's rank in ease of doing business. Speaking at the ICPC 2019, the Chemicals and Petrochemicals Secretary Shri Raghavendra Rao emphasised on increasing the contribution of the Chemicals sector to 25% of the manufacturing sector GDP. He added that to boost production of chemicals, reduce imports and to make India a Chemical manufacturing hub, Government is focusing on strengthening the clusters, chemical regulations, partnering with academia and industry for skilling and preparing a dashboard for monitoring the entire chemical industry activities.
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