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AP important in growth of Indian Chem&Petrochem industry: Gudivada

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Andhra Pradesh’s Minister of Industries, Infrastructure, IT & Electronics, Government of Mr Gudivada Amarnath was recently in the capital to take part in the INDIA CHEM 2022 event.

Addressing the INDIA CHEM 2022, organized jointly by FICCI and the Ministry of Chemicals & Fertilizers, Govt of India, he said that many renowned chemicals and petrochemicals industries are in the state today. ‘Due to its strategic location, Andhra Pradesh plays an important role in the growth of Indian chemicals and petrochemicals industry’ said the minister.

Speaking earlier Dr Mansukh Mandaviya, Minister of Health & Family Welfare, Chemicals & Fertilizers, Govt of India mentioned that there is a huge opportunity in the Indian chemicals and petrochemicals sector.

‘India is developing, and a new India is being built with a holistic approach. There is a need to have an eco-system for industrial development,’ said Dr Mandaviya.

Mr Bhagwanth Khuba, Minister of State for Chemicals & Fertilizers and New & Renewable Energy, Govt of India said that the New and Renewable Energy sector also has tripled in the growth in last 8 years and will reach 500 GW production target by 2030. “India is the only nation for investment, production and the government is working to provide industry-friendly policy to boost the sector,” he added.

Mr Arun Baroka, Secretary (Chemicals and Petrochemicals), ministry of Chemicals & Fertilizers, Govt of India said that the Indian chemical industry holds tremendous growth potential, market size expected to reach 383 billion by 2030 growing at 8% CAGR.

Mr Nikhil Meswani, Executive Director, Reliance Industries Limited said that Asia will be the key engine of growth in the coming years with India being the shining star. India will provide growth and savings to the world, he said and added that Sustainability and compliance with our environment to live a better planet for tomorrow are our key challenges.

Mr Prabh Das, Chairman, FICCI Petrochemicals Committee and MD & CEO, HPCL-Mittal Energy Ltd said that we see a great opportunity in the sector and are willing to take advantage of it. The Chemical and petrochemicals sector is growing at 7-8% growth and the industry is focusing on safety, decarbonization along with circular economy and the ESG goals.

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