National Chemical Policy to be out soon

The current government is working on the National Chemical Policy and will be coming up with the document soon, according to Dr A J V Prasad, Joint Secretary, Department of Chemicals & Petrochemicals, Ministry of Chemicals & Fertilizers, who was speaking at CII’s chemical industry conference held in Mumbai on November 26, 2014.
 
Dr Prasad added, “The chemicals industry, is expected to grow at a rate of 15% per annum over the next few years, already makes a major contribution to what’s made in India. The Indian chemical industry including fertilisers and petrochemicals is estimated approximately at $ 144 billion which is about 4% of the global market of $ 3.6 trillion. The industry accounts for 15.95 per cent of India’s manufacturing and 2.51 per cent of its overall GDP, however its impact is much broader.”
 
According to CII, the aim of the event is to highlight on the importance of chemistry in everyday life and bringing to the fore the issues and opportunities of the industry. The forum provided an opportunity to consider what ‘Make in India’ really meant and its implications for the Indian industry with special focus on the chemical sector. The conference was a part of an on-going campaign - Chemistry Everywhere - to engage people in the vital and valuable contribution that the industry makes to the wellbeing of all Indians.
 
Nadir Godrej, Chairman, CII National committee on Chemicals, and CMD, Godrej Industries Ltd, said, “For ‘Make in India’ to live up to its promise requires the collaborative efforts of many stakeholders including government, industry and academicians. We would also appeal various industries to reduce imports by encouraging indigenous production which will help us grow on the back of buoying campaigns like Make in India & Swatch Bharat. Chemistry is the solution to the society.”