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31. CHEMICAL INDUSTRY CAN REACH USD 346 BN BY 2025: REPORT
India's chemical industry has the potential to "These issues have hampered industry growth
grow from the current USD 155 billion to USD and it needs government interventions to achieve
346 billion by 2025 with concerted efforts, a report its true potential," it said.
said.
The report recommended adoption of alternate
The domestic chemical market accounts for 3.4 feedstock, increasing investment in R&D and
per cent of the global market. achieving scale through collaboration for
overcoming the challenges.
More than 80,000 chemicals are being used
directly or indirectly in various sectors, said the "Indian chemical industry is on the cusp of a
report prepared by Tata Strategic Management growth trajectory. This industry should be looked
Group. It was released by Fertiliser and Chemical at as a part of Indian economic growth story,"Tata
Minister Ananth Kumar at an event in Gujarat. Strategic Management Group CEO Modan Saha
said in a statement.
According to the study, the industry faces
critical issues like availability of key feedstock, He said the chemical industry can play an
infrastructure status, scale of operations, access important role in creating jobs and boosting the
to technology, energy security and ease of doing country's growth.
business.
(Source:- http://www.business-standard.com/article/pti-
stories/chemical-industry-can-reach-usd-346-bn-by-2025-
report-117092101111_1.html dated 21st Sept-2017)
32. DAHEJ TO HOUSE COUNTRY’S FIRST CENTRAL INSTITUTE OF
CHEMICAL ENGINEERING AND TECHNOLOGY: ANANTH KUMAR
Just like Wimbeldon is for tennis and Lords is Engineering and Technology,” said the minister
for cricket, Dahej is the "kaashi" of chemical while speaking at the inaugural function of “India
and petrochemical industry, the Union minister Chem Gujarat 2017” at Mahatma Mandir.
said at India Chem Gujarat 2017 held at Mahatma
Mandir “Jaise Wimbeldon ko tennis ki kashi kehte hai,
jaise Lords ko cricket ka kashi kehte hai, aise hi
Describing Dahej as the “Kashi” for chemical chemical or petrochemical industry ka kashi, yadi
and petrochemical industry, Union Minister Bharat mein kisi ek jagah bata sakte hai toh woh
for Chemical and Fertilizers Ananth Kumar on hai Dahej, Gujarat. (Just as Wimbeldon is called
Thursday said India’s first Central Institute of the kashi of tennis, Lords as the kashi of cricket, the
Chemical Engineering and Technology (CICET) same way, if there is one place in India which can
will be set up within this industrial zone in South be called the kashi of chemical and petrochemical
Gujarat that also houses the only functional industry, it is Dahej, Gujarat,” said Ananth Kumar.
Petroleum, Chemicals and Petrochemicals
Investment Region (PCPIR). “I am hoping that Chief Minister of Gujarat will
allocate 10-15 acres needed for the project at Dahej
“We want to open a specialised institution at PCPIR region,” he said adding that Dahej currently
Dahej on the lines of CIPET (Central Institute of provides employment to 1.37 lakh youths. “Can we
Plastic Engineering and Technology). We have double this number? As per the vision statement
already conducted preliminary talks and we plan for Dahej it is targeted to provide 8 lakh jobs by
to set up India’s first Central Institute of Chemical 2040,” the minister remarked.
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