Maharashtra (Mumbai) [India], October 22 (ANI): Union Minister for Chemicals and Fertilisers and Health and Family Welfare JP Nadda inaugurated the 14th version of India Chem 2026 in Mumbai on Thursday.
Addressing the business leaders and policymakers on the occasion, Nadda mentioned the nation’s most conducive setting is being supplied for the chemical sector by the federal government. He mentioned the BHAVYA Rasayan Scheme for the Chemicals Sector will probably be a recreation changer.
The Union Minister outlined connectivity to ports, railways, airports and roads, together with built-in worth chains, as key issues for creating globally aggressive chemical manufacturing hubs underneath the BHAVYA Rasayan Scheme.
Nadda mentioned that for the nation to attain the goal of Viksit Bharat by 2047, this sector will play an indispensable position. He mentioned this presents an amazing alternative for each home industries and multinational companies, a lot of that are current in giant numbers right this moment. He mentioned undoubtedly, a Viksit and Atmanirbhar Bharat requires a vibrant, world-class chemical and petrochemical business.
Nadda additionally learn out the message of Prime Minister Narendra Modi for India Chem 2026.
The Prime Minister mentioned in his message that bettering the benefit of doing enterprise and increasing India’s community of Free Trade Agreements are opening new avenues for funding and entry to worldwide markets. I’m assured that Indian chemical producers will reap the benefits of these alternatives to strengthen their presence in international provide chains.
The Prime Minister expressed hope that India Chem 2026 will encourage significant discussions and result in partnerships that contribute to the long-term improvement of the sector.
Chief Ministers of Maharashtra Devendra Fadnavis, Madhya Pradesh Mohan Yadav and Odisha Mohan Charan Manjhi additionally addressed the gathering. They urged business and enterprise leaders to harness funding alternatives accessible of their states within the Chemicals and Petrochemicals sectors.
CM Fadnavis mentioned the Chemical Industry is essential for Maharashtra as it’s offering employment to round three lakh individuals. He mentioned Maharashtra is making ready an investment-friendly coverage which is forward-looking and based mostly on ease of doing enterprise.
Chief Ministers of Madhya Pradesh and Odisha invited industries to get profit from their business-friendly funding insurance policies and infrastructure supplied for the chemical business.
On the event, Anupriya Patel, Union Minister of State for Health & Family Welfare and Chemicals & Fertilisers, mentioned that the Chemical and Petrochemicals Industry occupies a pivotal place in assembly primary wants and bettering high quality of life.
Anupriya Patel exhorted business leaders to utilise incentives and alternatives being supplied by the federal government. The minister mentioned the federal government has launched Bharat Audyogik Vikas Yojna (BHAVYA) Rasayan Scheme for 3 new devoted Chemical Parks. She urged the business captains in addition to the state governments to have interaction carefully as a result of states will play a vital position in realising and implementing the scheme.
Tejveer Singh, Secretary of the Department of Chemicals & Petrochemicals, detailed the occasion’s scope on the launch operate.
He mentioned the occasion will present improvement of India’s chemical and petrochemical sector via deliberation via centered group discussions on the way in which ahead in numerous subsectors.
Singh expressed hope that deliberations and interactions unfold over the course of the following 2 days will present a structured platform for business-to-business interactions.
On the event, a information paper ready collectively by the Federation of Indian Chambers of Commerce and Industry (FICCI) and Ernst & Young (EY) was launched in the course of the inaugural session of India Chem 2026.
Union Minister Nadda additionally inaugurated a world India Chem 2026 exhibition at Bombay Exhibition Centre, NESCO, which showcases a broad vary of merchandise, applied sciences, tools and providers throughout chemical substances, petrochemicals, and course of plant equipment and tools.
Nadda, together with dignitaries, additionally visited the stalls on the India Chem 2026 exhibition and interacted with business leaders.
The three-day occasion, being organised by the Department of Chemicals and Petrochemicals (DCPC), Ministry of Chemicals and Fertilisers, in partnership with the Federation of Indian Chambers of Commerce and Industry (FICCI), contains a world exhibition and convention. It brings collectively key stakeholders from the chemical substances and petrochemicals sector, together with business leaders, policymakers, buyers, researchers and worldwide individuals.
Held underneath the theme “Advantage Bharat: An Emerging Global Chemicals Hub’, India Chem 2026 provides a common platform for domestic and international stakeholders to exchange knowledge, forge strategic alliances, explore investment prospects and identify mutually beneficial business opportunities.
Strengthening economic cooperation with India, Japan has joined as the Partner Country for India Chem 2026, opening new avenues for collaboration in the chemicals and petrochemicals sector.
Maharashtra, Gujarat, Odisha, Madhya Pradesh, Bihar, Andhra Pradesh and Uttar Pradesh are the Partner States, highlighting the growing role of Indian states in advancing the sector’s growth, investment and industrial development.
A key new feature of the 14th edition is the India Chem Youth Innovation Challenge, an initiative aimed at engaging young innovators, students and emerging entrepreneurs with the evolving needs of the chemicals and petrochemicals sector. The initiative seeks to encourage innovative, research-based and practical solutions to industry challenges.
The Indian chemical industry is projected to reach USD 300 billion by 2030 and USD 1 trillion by 2040. The sector’s growth prospects are supported by rising domestic demand, expanding export opportunities, India’s demographic dividend, relatively low per capita consumption and enabling government initiatives.
The number of countries, including Japan, the United States, Canada, the United Kingdom, countries across the European Union, Latin America, the Republic of Korea and ASEAN nations, attending the event.
Over 200 Indian and international exhibitors, more than 8,000 business visitors from India and abroad, and 50 leading Indian and international CEOs are part of the event.
India Chem 2026 is expected to play an important role in advancing the vision of “Advantage Bharat: An Emerging Global Chemicals Hub” by connecting international experience with India’s manufacturing strengths, funding potential and dedication to sustainable industrial improvement. (ANI)