Process Industries & Building Materials
Making India A Global Chemicals Powerhouse: Vision for the 2020’s
The $300 Billion Opportunity for India
The Indian Chemical Industry is in a sweet spot of unrealised potential and tremendous opportunity. It holds a prominent position on the global stage – sixth largest in the world, and the third largest in Asia. It has, however, perennially been the “latent potential” sector – a promising future, but significant short term under-delivery. The Indian Chemical industry should experience significant growth in the 2020s, driven by rising household incomes, the existing consumption gap and a huge export opportunity.
This whitepaper proposes a 15-point priority agenda. A focused execution of this agenda will help the chemical industry change trajectory and ensure that the 2020s will be the decade in which India emerges as a global chemical powerhouse.