Home / Knowledge / News / Textiles / Indian President urges chemical industry to go green
Indian President urges chemical industry to go green
05
Oct '12
President of India, Mr. Pranab Mukherjee, has urged the chemical industry to focus on promoting sustainable development by increasing investment in green technologies.
 
Inaugurating India Chem 2012, the President said the domestic chemical industry should set targets and standards and make utmost efforts to follow the safety norms and international health and environmental standards. 
 
He said, according to the National Manufacturing Policy, the chemical and petrochemical industry can play a major part in boosting the share of manufacturing sector in the GDP from the existing 16 percent to 25 percent. He said the National Chemical Policy, which is under formulation at present, would contain measures to enhance its performance. 
 
The President said India has become a centre of attraction for global chemical companies and suggested that the industry should now at once engage in research and collaborations. 
 
He noted that Asia’s share in the international chemical industry has grown from 31 percent to 45 percent. However, the US$ 108 billion Indian chemical industry represents only three percent share of the global chemical industry, he added.
 
This presents the Indian legislators and the industry with a solid reason to take the first step towards preparing a policy aimed at boosting the sector’s share in Asian and global markets, he said.
 
He urged the Indian chemical industry to hike its Research and Development (R&D) expenditure from the existing one to two percent of the annual turnover to five to six percent.
 
India Chem 2012, a chemical industry expo, was organized by the Department of Chemicals and Petrochemicals, in association with the Federation of Indian Chambers of Commerce and Industry (FICCI). 
 

Fibre2fashion News Desk - India

Must ReadView All

Textiles | On 7th Dec 2016

New Texprocil chairman bats for increased UPI adoption

Ujwal Lahoti, the new Cotton Textile Export Promotion Council...

RBI Governor Urjit Patel addressing a press conference. Courtesy: Youtube

Textiles | On 7th Dec 2016

Defying expectations, RBI keeps repo rate unchanged

Defying market expectations, the Monetary Policy Committee (MPC) of...

The new OJ 59/1 B. Courtesy: Karl Mayer

Textiles | On 7th Dec 2016

Karl Mayer unveils new LACE.EXPRESS model for apparel

Germany’s leading textile machinery firm, Karl Mayer, has launched a...

Interviews View All

Nuno Venda
ROQ

‘There has been an increase in demand for water based inks, rather than...

Kamlesh Vaghela
RK Textiles

Very few machinery manufacturers have R&D units

Asim Dalal
Indo Count Retail Ventures

Today, there is no other emerging market as India, "we make in India and...

Suresh Patel
Sidwin Fabric

Sidwin Fabric is a manufacturer and exporter of polypropylene textiles and ...

Kai Poehler
Voith Paper GmbH & Co. KG

The glass mat industry is growing by five to eight per cent annually. Kai...

Johan Berlin
InvestKonsult Sweden AB

Investkonsult Sweden AB has been buying and selling second-hand textile...

Rupa Sood and Sharan Apparao
Nayaab

Nayaab, an exhibition meant to celebrate Indian weaves, is in its second...

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer Prathyusha Garimella is known for blending...

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH
December 2016

December 2016

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


Advanced Search