Policy, Growth ‘Chemistry’ Matches Well

Bharat Puri,MD of Pidilite Industries receiving thde Lifetime Achievement Award

Policy, Growth ‘Chemistry’ Matches Well

Speciality Chemical Industry Demand Will Rise – Govt

Chemical industry overcomes pandemic shock, set to grow well, says top govt official

MUMBAI, Oct 1 (The CONNECT) – The Government’s push for the economy in the post-pandemic scenario, shall have a positive multiplier effect on the chemical industry because of its linkages, according to S. K. Purohit, Joint Secretary in the Department of Chemicals & Petrochemicals.

Various policies will generate demand for specialty chemicals, Purohit said at the ICC (Indian Chemical Council) awards event today.

He said it is encouraging to learn that ICC is the only nodal agency in India propagating the principle of Responsible Care, the Global initiative of ICCA, which is practiced all over the world wherein the chemical companies voluntarily demonstrate their commitment to improve performance, which relate to protection of Environment, Safety, Health and Security.

The awards were presented by Chemicals and Fertilisers Secretary Arun Baroka.

“The past two years have dramatically altered the way we work and interact. It has also seen many businesses pivot and change how they do things. Despite the many headwinds faced during the pandemic, it is encouraging to note that Chemical Industry has done exceedingly well. I am optimistic there is more to come, and I believe that the current pace demonstrates a great deal of untapped potential in the Indian Chemical Industry”, Baroka said.

Bharat Puri, Managing Director, Pidilite Industries Ltd was presented with ICC D. M. Trivedi Lifetime Achievement Award for Contribution to Management of Chemical Industry.

Prof. Vinay A. Juvekar, Emeritus Fellow & Professor, Indian Institute of Technology Bombay received the ICC D. M. Trivedi Lifetime Achievement Award for Contribution to Education & Research in Indian Chemical Industry.

Vinod Saraf, Executive Chairman, Vinati Organics Ltd was honoured with ICC Lifetime Achievement Award.

Dr Ilham Kadri - CEO, Chair of Solvay Executive Committee & Member of Solvay Board of Directors represented the Global Chemical Industry and spoke virtually from Brussels, Belgium.

The Indian Chemical Industry which is poised to reach USD 300 billion by 2025, is at an inflection point and is certain to grow further in an accelerated manner. “ICC has grown enormously in its stature for its valuable contribution to the Chemical and Petrochemical Industry. ICC’s activities have increased and diversified over the years with top-quality flagship events and world-class initiatives like Responsible Care and Nicer Globe. We are working very closely with the Government of India on various policy matters and have been providing valuable support for taking important decisions. The Production Linked Incentive Scheme (PLI), granting Remission of Duties and Taxes on Exported Products (RoDTEP) rates and favourable FTA for the Chemical Sector are some of the recent areas where ICC has been closely interacting”, said Ravi Goenka, President, ICC.

Dr. Prakash Trivedi, an eminent polymer scientist and senior industry professional, also known as the ‘Father of Speciality Polymers in India’ was felicitated at the event for his valuable contribution as Honorary Editor of ICC’s Monthly Journal “CHEMICAL NEWS”.

Bimal Gokaldas the incoming President of ICC, said that ICC, will continue to work towards achieving sustainable growth of the Chemical Industry in India and would seek the guidance of the Department of Chemicals & Petrochemicals, for finalising the Perspective Plan 2040 for Chemical Industry which ICC is developing in association with Mc Kinsey and the study on Opportunities in Specialty Chemicals. 

Earlier in the day, ICC organized its 13th Annual Seminar on ‘Recognizing Excellence Of Performance In Various Facets Of Chemical Industry’. The event witnessed active participation of more than 250 delegates including leaders of the chemical industry, Government officials, and representatives of various consulates in India.

Prof Anirudda Pandit, Vice Chancellor of ICT, in his the key note address spoke on the importance of Industry-Academia Collaboration and how it will have a positive impact towards Indigenous Manufacture of many chemicals and Intermediates which are hitherto imported.

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