The India Chem-2026 event, which concluded on 24th October, highlighted the potential growth of the chemicals and petrochemicals sector in India. The three-day event aimed to strengthen global partnerships, promote sustainable growth, and attract investments.
On 24th October, the three-day event 'India Chem-2026', which began on 22nd October in Mumbai, concluded. The event held under the theme 'Advantage Bharat: An Emerging Global Chemicals Hub' aimed to strengthen global partnerships and promote sustainable growth in the chemicals and petrochemicals sector.
The 14th edition of India Chem-2026 saw various brainstorming sessions, business parleys, and fruitful discussions during CEO Forum, India Japan, India-USA, and India-EU Forum, and roundtable talks on challenges pertaining to the chemicals and petrochemicals sector. These discussions aimed at exploring opportunities for deeper collaboration in trade, investment, and technology related to the sector.
Japan, a robust trade partner in this sector for India, was the partner country for the event. While inaugurating the India Chem-2026, Shri Jagat Prakash Nadda, Union Minister for Chemicals & Fertilizers and Health and Family Welfare, emphasized that the chemical and petrochemical sector has immense potential for growth.
Shri Nadda said the sector is targeted to grow from its current market size of about USD 220 billion to around USD 1 trillion by 2040 and further to around USD 1.6 trillion by 2047. He urged industry leaders, investors, innovators, and policymakers to work together towards achieving the goal of ViksitBharat@2047.
A new feature 'India Chem Youth Innovation Challenge' was introduced during the event to connect young innovators with the Indian chemicals and petrochemicals sector. The challenge consisted of young students working on problem statements of the chemical industry, and their solutions being judged by a jury of the industry.
Source:
Press Information Bureau
