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EDB to draft Chemical Vision 2020 for industry growth
22 Sep '07
4 min read
Engineering Development Board (EDB) is drafting Chemical Vision 2020 for the development and progress of Chemical Industry. This will also contain an action plan for implementation. The vision will be ready by mid January 2008.
EDB has completed consultations with stakeholders on the development of Chemical Vision, an action plan for the progress of the chemical industry. In the second meeting of the stakeholders held on September 7, under the Chairmanship of Mr. Zahid J. Yaqub, General Manager (Policy), EDB, outlines of the plan were discussed. He informed that the chemical sector is one of the five highest growth and globally traded sectors. The world market for chemical sector during last year remained at US$1.8 trillion and is mainly dominated by USA, Europe and Japanese companies. Pakistan during 2006-07 imported chemicals of nearly US$ 3.6 billion i.e. over 12% of total imports, while Pakistan exports were only US$ 200 million i.e. 1.3% of total exports. The imports were mainly concentrated in the plastics, organic, inorganic and specialty chemical etc. The demand of chemical products mainly the fertilizer inputs, chrlor-Alkali, pesticides and plastic imports for use in packaging, auto, electronics, household items, cables, pipes and fitting etc has increased during the last six years. The higher consumption of chemical in various sub-sectors now speaks of the high potential in local manufacturing, value addition and formulation, he added.
Talking about the problems of the sector, he added that the existing manufacturing capacity is small in level and scale, the infrastructure and processes are old, the productivity levels low and the human resources is in crises like situation, research and development to improve chemical reactions, processes, new molecular formation, beneficiation of locally available minerals remains low. Translation of research into practical use of chemistry and foresight to use the available knowledge, skills and know-how both at the level of industry and universities / institutes is lacking.
EDB has completed consultations with stakeholders on the development of Chemical Vision, an action plan for the progress of the chemical industry. In the second meeting of the stakeholders held on September 7, under the Chairmanship of Mr. Zahid J. Yaqub, General Manager (Policy), EDB, outlines of the plan were discussed. He informed that the chemical sector is one of the five highest growth and globally traded sectors. The world market for chemical sector during last year remained at US$1.8 trillion and is mainly dominated by USA, Europe and Japanese companies. Pakistan during 2006-07 imported chemicals of nearly US$ 3.6 billion i.e. over 12% of total imports, while Pakistan exports were only US$ 200 million i.e. 1.3% of total exports. The imports were mainly concentrated in the plastics, organic, inorganic and specialty chemical etc. The demand of chemical products mainly the fertilizer inputs, chrlor-Alkali, pesticides and plastic imports for use in packaging, auto, electronics, household items, cables, pipes and fitting etc has increased during the last six years. The higher consumption of chemical in various sub-sectors now speaks of the high potential in local manufacturing, value addition and formulation, he added.
Talking about the problems of the sector, he added that the existing manufacturing capacity is small in level and scale, the infrastructure and processes are old, the productivity levels low and the human resources is in crises like situation, research and development to improve chemical reactions, processes, new molecular formation, beneficiation of locally available minerals remains low. Translation of research into practical use of chemistry and foresight to use the available knowledge, skills and know-how both at the level of industry and universities / institutes is lacking.
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