Current Affairs Date: 05 February 2023

⇒ India Chem 2022 was organized on 2-3 November, 2022 at Pragati Maidan, New Delhi. This was the 12th edition of India Chem.

Organized by:

India Chem 2022 was organized by the Department of Chemicals & Petrochemicals, Ministry of Chemicals & Fertilizers, Government of India, in association with the Federation of Indian Chambers of Commerce and Industry (FICCI).

Theme:

The theme of India Chem 2022 was “Vision 2030: Chemicals and Petrochemicals Build India”.

Inauguration:

» Union Minister of Chemicals and Fertilizers, Dr Mansukh Mandaviya inaugurated the 12th Biennial International Exhibition and Conference India Chem 2022 at Pragati Maidan, New Delhi on 2 November 2022.

While addressing the occasion, Union Chemical and Fertilizer Minister highlighted various achievements of the Indian Chemicals & Petrochemicals industry which have become a global player. He also suggested the need to create a roadmap for the industry for long-term policy support, investment as well as export promotion.

Key Points:

• • India Chem is the flagship event of the Department and is one of the largest composite events of the chemicals and petrochemicals industry in the Asia Pacific region. It comprises an International Conference and Exhibition.
  • India Chem 2022 showcased the Government’s policy for sustainable growth in the sector and provided a platform for national and international players to interact, exchange knowledge and forge alliances.
  • The event also highlighted the investment opportunities especially in Petroleum, Chemical and Petrochemical Investment Regions (PCPIRs) and focused on the “Make in India” initiative for making the country Atmanirbhar in sector.
  • During India Chem 2022 events like Global CEOs, Round table; Conclave on Indian Chemicals & Petrochemicals; Argo-chemicals Industry; Plant Machinery, Pumps & Valves; Chemicals & Petrochemicals forums of India – USA, India – EU & India- East- Asia and international Exhibition, took place.

Other Points:

» The Indian Chemicals and Petrochemicals industry is the backbone of the Indian economy and plays a vital role in the growth of various key sectors like automotive, construction, electronics, health care, textiles and FMCG.

• • Export of Indian Chemicals has registered an overwhelming growth of 106% in 2021-22 over 2013-14.
  • India’s export of chemicals for 2021-22 has hit a record at US$ 29,296 Million, whereas in 2013-14, India’s chemical export was US$ 14,210 Million.

» The India Chem exhibition aims to showcase the huge potential of the Indian Chemical industry and different industry segments (e.g Chemicals, Petrochemical, Agrochemical Industry, Process and machinery) has in terms of a favorable ecosystem provided through supportive government policy, major investment opportunities for investors.

• • Market Size of the Indian Chemicals and Petrochemicals sector is currently USD 178 Billion.
  • India is not only the 6th largest chemicals producer in the World but also exports Chemicals to more than 175 countries. It accounts for 13% of India’s total exports.