The Chemicals & Petrochemicals industry has been an integral part of the global economic landscape for many centuries and is one of the driving engines of the manufacturing sector. In this globalized world, Chemicals & Petrochemicals industry plays a prominent role in the economic growth and covers almost every sphere of life. It occupies a vital position in meeting our basic needs and improving the quality of our daily lives and thus, plays an important role in facilitating the growth of other related industries and services. As Indian economy marches towards its target size of US$ 5 trillion by 2025 with a manufacturing economy of US$ 1 trillion, the chemicals and petrochemicals sector is expected to play a crucial role.
The industry holds immense potential to become a global leader in chemicals & petrochemicals, if only equipped with better infrastructure, higher foreign investments and larger personnel. The objective of the “Summit on Global Chemicals & Petrochemicals Manufacturing Hubs in India” is to highlight this very facet of Indian chemical & petrochemical industry and provide it a platform to raise its interests, concerns and challenges at a global forum.
Jointly organized by the Department of Chemicals & Petrochemicals, Ministry of Chemicals and Fertilizers, Government of India and Federation of Indian Chamber of Commerce and Industry (FICCI), the 2nd edition of the Summit on “Global Chemicals & Petrochemicals Manufacturing Hubs in India” 2021aims tocelebrate the remarkable journey of Indian Chemical & Petrochemical Industry and highlight its true potential to the world.
This edition of the GCPMH 2021 will provide a grand overview of this fast-surging major sector of the Indian economy and will attract delegates and visitors, not only from India but also from all major chemical and petrochemical producing countries, thereby providing immense potential for more trade and investment, in a mutually beneficial way. It will also showcase the government’s policy for sustainable growth in the sector and will provide a platform for investors, and other stakeholders to interact and forge alliances, highlighting and promoting segment-wise investment opportunities in respective investment regions.
The summitaims to highlight investment opportunities in strategic locations (PCPIR) to cater to the region-specific demand in chemicals and petrochemicals. This edition of the Summit will strengthen our effort to establish PCPIRs as world-class Chemicals and Petrochemicals Manufacturing terminals and Potential and a positive outlook of Indian chemical & petrochemical industry.
- Highlighting and promoting segment-wise investment opportunities in respective investment regions
- Showcasing the roadmap for Infrastructure development and its up-gradation plan
- Devising strategies (anchor tenant) for feed-stock availability
- Demonstrate the benefits of co-siting, networking, and greater efficiency using common infrastructure and support services.
- Highlighting the initiatives undertaken by Government of India to facilitate the growth of the sector
- To boost domestic manufacturing and exports
- Promoting research and development and scope of technology transfer and Skill Development in the Chemical and Petrochemical sector
- Promoting sustainability initiatives for comprehensive development of the industry
- Industry excellence awards to recognize innovative work and boost innovation in the industry
- Development of alternative, disruptive and sustainable solutions/business practices
Founded in 1942, the Ministry of Chemicals and Fertilizers in India comprises of the Department of Chemicals and Petrochemicals, Department of Fertilisers and Department of Pharmaceuticals.
The Department of Chemicals and Petrochemicals (DCPC) works to formulate and implement policies that could help in fostering growth and development in the chemical and petrochemical industry of India. One of the department’s major objectives is to attract public-private partnerships that could contribute to the sustainable development of petrochemical industry.
Established in 1927, FICCI is the largest and oldest apex business organisation in India. Its history is closely interwoven with India's struggle for independence, its industrialization, and its emergence as one of the most rapidly growing global economies. A non-government, not-for-profit organisation, FICCI is the voice of India's business and industry.
From influencing policy to encouraging debate, engaging with policy makers and civil society, FICCI articulates the views and concerns of industry. It serves its members from the Indian private and public corporate sectors and multinational companies, drawing its strength from diverse regional chambers of commerce and industry across states, and reaching out to over 2,50,000 companies.
FICCI provides a platform for networking and consensus building within and across sectors and is the first port of call for Indian industry, policy makers and the international business community.