Government of India committed to drive chemical and petrochemical industry growth

The government of India is committed to supporting the chemical and petrochemical industries as part of its ambitious plan to achieve a $5 trillion (INR 4,16,550 billion) economy. The pledge came during the launch function of FICCI’s India Chem 2024, the 13th Biennial International Expo and Conference.

The India Chem 2024 is scheduled for October 17-19, 2024 in Mumbai, which aims to strengthen the ‘Make in India’, the ‘AtmaNirbhar Bharat’ initiative, while also contributing to the objectives of Viksit Bharat 2047. 

The event will see the latest technologies, innovations and products and the chemical and petrochemical sectors globally and in the nation. There will also be discussions and deliberating on policy issues, regulatory frameworks and sustainable practices.

JP Nadda, Union Minister for Health & Family Welfare and Chemicals & Fertilizers, addressing industry leaders and policymakers, emphasised the crucial role of the chemical sector in realising Prime Minister Narendra Modi's economic vision.

"As Prime Minister Modi desires that we have to become a $5 trillion economy, we have to align our programs and policies accordingly to see to it that the petrochemical industry, chemical industry also go in the same way and align itself so that we all together contribute to achieving that five trillion economy goal," said Nadda.

Responding to these concerns, Minister Nadda assured attendees of the government's readiness to address challenges faced by the industry. "I, as a minister, can assure you that whatever interventions are needed in policies, in programs, whatever changes in the strategies are needed, the government is committed to it, and we will go forward."

He further highlighted areas requiring concerted efforts from all stakeholders. "We need to focus on imports, R&D, and manpower training. These are a few areas requiring efforts from everyone." 

Comments (0)

ADD COMMENT