India Chem 2016: A confluence ideas innovation

India Chem 2016: A confluence of ideas and innovation

10:08 AM, 15th December 2016

The three-day event aims to bring Indian and international players of the chemical industry on the same platform to encourage technology transfer, investment and joint ventures.

The Indian chemical industry demonstrates a potential to grow at 9 percent per annum to touch $214 billion by 2019, according to Tata Strategic Management report. This highly diversified sector has more than 80,000 chemicals and currently accounts for 15 percent of India’s industrial output making it an integral component of the country’s economic growth.

To address this growth saga and unleash the unrealized potential, department of chemicals and petrochemicals, ministry of chemicals & fertilisers along with the federation of Indian chambers of commerce & industry (FICCI), is organising the 9th edition of biennial international exhibition and conference, India Chem 2016. The three days’ event will take place from 1 to 3 September at Bombay Exhibition Centre, Mumbai.

“Chemicals and petrochemical industry hold a significant place in the overall economic growth of the country. It provides the foundation for the growth of other industries such as fertilisers, pharma, agriculture to name a few. Hence it is imperative for us to ensure the growth of the chemical sector through setting targets and producing reports,” said Ananth Kumar, Minister of Chemicals and Fertilizers Minister, during the launch function of the event.

“Government has taken concrete actions in the direction and has invested $50 billion in the sector so far. The government has been working relentlessly to tackle challenges faced by the chemical industry such as clearances from the environment ministry, infrastructural issues and lack of human resources and has proposed to set up specialised chemical engineering and technology institutes in the country,” he added.

This year, the event will have over 300 Indian and International exhibitors and will remain abuzz with 20,000 business visitors from India and abroad. The event will see international participation from China, Japan, Iran, Germany, Turkey and US along with buyers’ delegation from various countries including South America, US, CIS, West Europe, Middle East and South East Asian countries. Domestically, Andhra Pradesh, Gujarat, West Bengal & Orissa will be the partner states during the event.

Chemicals galore

The Indian chemical industry is the 6th largest in the world and 3rd largest in Asia with the size worth $108.4 billion. The industry accounts for 3% of the global chemical industry which is growing at 4 – 5 percent per annum and expected to be $5.8 trillion by 2021. Chemical is not just an integral part of the agricultural and industrial growth if the country but is also an important impetus to the burgeoning downstream industries in the country.

Be it automotive, food processing, plastics and polymers, pharmaceuticals or any other industry, India has entered the global race mounted on the stallion of technology and innovation. This growth needs to be duly supported by the availability of raw materials, confluence of best minds and unhindered financial support. India Chem is a platform, which brings together all these ingredients to strengthen the industry further. The event will have a range of chemical manufacturers from various segments including speciality chemicals agrochemicals & fertilisers basic chemicals, dyes and pigments, chemicals from herbal and other natural resources, paints and coatings, soaps and detergents, clean technology, feedstock linkages, etc.

In this growth spur, petrochemical is also one of the most crucial links to the economic development. With the country, heavily dependent on the import of crude, the dynamics of this industry segment needs a faster reversal of the right policies. To address this issue, the Government of India has recently approved four Petroleum, Chemical and Petrochemical Investment Regions (PCPIRs) in Andhra Pradesh (Vishakhapatnam), Gujarat (Dahej), Odisha (Paradip) and Tamil Nadu (Cuddalore and Nagapattinam) to promote investment and industrial development in these sectors.

The PCPIR is envisioned to reap the benefits of co-siting, networking and greater efficiencies through the use of common infrastructure and support services. Once fully established, these PCPIRs are expected to attract an investment of Rs 7,62,894 crores approximately and generate 33.96 lakh employment.

Building up the platform for global confluence, the event will have petrochemical participants from polymers, olefins, synthetic fibres, elastomers, aromatics and surfactants manufacturers. Process plant machinery & equipment industry will also show their presence with participation from process technology, engineering project management & construction services, environmental / pollution management, filtration & separation systems, pumps and valves, safety systems and much more.

Glimpse of success

The previous edition of IndiaChem 2014 had a successful participation from 278 domestic and 144 international exhibitors. Over 13 countries participated in the event with international pavilions from China, Japan & Iran. More than 15,780 business visitors attended the show from 50 countries making the event a major success. This year, the organisers are hoping to witness a revival of the previous success with more participation from exhibitors and visitors and encouraging statistics for business.

© Chemical Today Magazine

 

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