Chemicals and Fertilisers Minister Jagat Prakash Nadda has emphasised that the Chemical sector has to touch one trillion-dollar vision by 2040 in the country. Addressing a high-level CEO Roundtable today in New Delhi, Mr Nadda said, the Government is committed to establishing a continuous and institutionalised dialogue mechanism with industry, with the objective of identifying impediments and translating suggestions into time-bound action. He said, It will require sustained investment, technology development, stronger domestic manufacturing capabilities. The Minister stated that under the visionary leadership of Prime Minister Narendra Modi, the Government continues to focus on creating an enabling ecosystem for investment, innovation, sustainability and long-term growth. He also assured that issues raised by the industry are duly noted and shall be suitably taken up relevant stakeholder Ministries.
In her address, Minister of State of Chemicals and Fertilizers Anupriya Patel mentioned that Government has brought many reforms and launched schemes to promote manufacturing across the sectors including Chemical and Petrochemical sector such as Bhavya Rasayan, Coal Gasification, Rare Earth Corridors, Critical Mineral Mission, reforms including Tax reforms, Labour reforms. She assured that industry that the Government is committed to transition from a regulatory facilitator to an active growth partner, reducing administrative burden and ensuring the long-term viability of investments.
Stressing the importance of government and industry partnership, Secretary Chemicals and Petrochemicals Tejveer Singh stated that the Chemicals sector offers major opportunities across given the expanding domestic demand across key downstream sectors. He emphasized the Department’s commitment to collaborating closely with industry leaders to shape future policy interventions.
Speaking on the occasion, MD and CEO, Invest India Nivruti Rai, mentioned that India is well positioned to emerge as a preferred global destination for chemicals manufacturing, supported by its large domestic market, skilled talent, improving infrastructure and ongoing reforms.
