Department of Chemicals & Petrochemicals, Ministry of Chemicals & Fertilizers, Government of India, jointly with FICCI is organising the 13″ Edition of “India Chem 2024” from 17-19th October, 2024.
India Chem 2024, the flagship event of the Department, is one of the largest composite events of the industry in the Asia-Pacific region and comprises of an International Exhibition and Conference.
India Chem 2024 will showcase tremendous potential and supportive government policy for sustainable growth in the sector and will be a single platform for investors, both domestic and international and other stakeholders to interact and forge alliances, thereby providing immense potential for trade and investment, in a mutually beneficial way. The concurrent sessions as part of conference includes Global CEOs Round Table as well as conclaves on different industry segments (e.g., Chemicals, Petrochemical, Agrochemical Industry, Process and machinery) and regional exchanges between India and the counties.
As you are aware that India is rapidly growing buoyed by a slew of structural reforms, transparent and investment- friendly policies, and strong core economic fundamentals.
The Indian chemical industry, a consistent value creator is currently valued at USD 220 billion and is expected to reach USD 300 billion by 2030 and USD 1 trillion by 2040. This industry remains an attractive hub of opportunities, even in an environment of global uncertainty. Worldwide trends affecting the global chemical industry could lead to near-term opportunities for Indian chemical industry. The strategic decision to prioritize and tap this value-creating potential could shape the future of the chemical industry in India as well as the country’s trade performance.
India is emerging as a suitable destination for its good governance practices, high-quality infrastructure, robust trade and investment policy, strong regulatory framework, and availability of quality labour at competitive prices. Demographic dividends, low per capita consumption, increasing export demand and enabling Government initiatives are expected to transform India into a global manufacturing hub for chemicals and petrochemicals and help realise the vision of the country becoming a USD 5 trillion-dollar economy.
