Minister J P Nadda met industry leaders at Kartavya Bhawan, New Delhi, to deliberate on a strategic roadmap for the chemicals and petrochemicals sector. Discussions focused on short-term and long-term measures to accelerate growth and contribute to the vision of Viksit Bharat by 2047. The meeting addressed the ongoing West Asian crisis, emphasising resilience and the development of alternative supply chains to mitigate external risks.

He reiterated the government's commitment to ensuring a level playing field for Atmanirbhar Bharat and said appropriate trade remedial measures would be considered to address unfair trade practices. He invited suggestions from industry to facilitate growth and resilience in the wake of the crisis and assured continuous engagement between government and industry. Participants underlined the need for predictable policy frameworks and targeted investment to support domestic manufacturing and technology adoption. Tejveer Singh, Secretary, and senior department officers attended the meeting.

Around 25 CEOs, chairpersons and industry leaders representing petrochemicals, polymers, speciality chemicals, chlor-alkali, agrochemicals, dyes and pigments, and organic and inorganic chemicals participated. Prominent firms included UPL Group, Deepak Group, DCM Shriram, Jubilant Group, SRF, Atul, Thirumalai Chemicals, Reliance Industries, Aarti Industries, HPCL-Mittal Energy, Indian Oil Corporation, Haldia Petrochemicals, Tata Chemicals, Sanmar Group, ONGC Petro-additions, Bharat Petroleum Corporation Limited and GAIL (India). The agenda considered strategies to strengthen India's position in the global chemicals and petrochemicals value chain.

The sector serves as a backbone for downstream industries, including agriculture, pharmaceuticals, nutraceuticals, automobiles, construction, semiconductors and electronics and is currently valued at approximately United States dollar (USD) 220 bn. It aims to scale to USD 1 tn by 2040 and to over USD 1.5 tn by 2047, reflecting long-term ambitions for market expansion. The ministry will continue consultations to advance the strategic roadmap and enhance the sector's competitiveness.