This summit will focus on the huge potential of the Chemical sector in Tamil Nadu and has to necessarily grow from the current 6 to 70 billion US $ by 2030 in order to contribute to the 1 Trillion US $ Economy vision of our Honourable Chief Minister.
The summit will be inaugurated by the Honourable Minister for Industries, Tamil Official Language & Tamil Culture, Archeology, Thiru, Thangam Thennarasu, who will deliver the inaugural address. Thiru. S Krishnan IAS, Additional Chief Secretary (Industries and Investment Promotion), Tmt. Pooja Kulkarni, IAS (Managing Director – Guidance Bureau) and other Industry leaders will also address the participating delegates comprising of officials of the Tamil Nadu Government and Senior Industry professionals.
The Chemical Manufacturing plays a major role in wealth creation for developed Economies of the World and every 1 $ spent in the Chemical Industry contributes to 4 $ elsewhere in the Economy.
The sector touches the lives of the common man by providing inputs for all other Industries including agriculture, automobiles, electronics, textiles, leather, construction and pharmaceuticals.
The Govt. Of India has also recognised the sector as an important contributor to the 5 trillion US $ by 2025 by framing appropriate policies that will enable growth through investments
The Chemical Industry in Tamil Nadu has a strong manufacturing base that constantly invests in clean and safe manufacturing, has skilled and proficient manpower. It manufactures a diverse range of products with a value chain starting from 1 $/Kg to 100 $/Kg. It is also a large exporter and poised for tremendous growth since it manufactures internationally traded commodities.
The summit will involve identification of large projects for new Investment, discuss speedy implementation through enabling policies, availability of feedstocks and infrastructure, creation of “Chemical/Speciality Chemical Hubs” at clusters in Manali, Tuticorin, Ranipet, Nagapattinam and Cuddalore, creation of new chemical/speciality chemical/pharma parks in coastal areas that will facilitate the growth of this sector to realise its immense potential.
Some of key expectations of the sector include drafting of a separate Chemical Industry Policy to attract new investments, notifying Manali Industrial area as an Industrial estate, zoning of chemical industry clusters, faster environmental clearances for expansions, ease of doing business & reducing the cost of doing business and formation of a working group comprising of Industry experts and Government officials.
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