How is ICC serving the interests of the Indian Chemical industry ?
ICC is a 68-year-old chemical body representing the medium and large-scale chemical industry in India. It is recognized by the Government of India, Ministry of Chemical & Fertilizers as being the premier chemical body and participates in the decision making process in issues like indirect taxes and duty, special trade agreements like FTA, addresses specific concerns of chemical industry with regard to Government regulations like environmental and other safety legislations. ICC addresses the growing technical requirements of the industry and the globally changing scenario visà- vis the industry.
As our portal Fibre2fashion.com serves the entire textile chain, can you provide our members and visitors alike, a brief overview about the global Dyes and Pigments industry vis-à-vis Indian counterparts?
Traditionally industry is been a major manufacturer of textile Dyes tracing its history to the rise of textile industry in the early 1900s when the first Indian Dyestuff Manufacturer M/s Arlabs came up in the 1940s. Subsequently, other companies also set up manufacturing units. Currently, the Indian Dye and Pigment industry is a major player in the global supply chain for textiles, coatings and plastics. Leading companies like Dystar have also started to invest into manufacturing capacities in Ankleshwar, Gujarat.
How is India placed on the major sectors like petrochem and specialty chemicals? Can you explain the drawbacks and the problems faced by these sectors?
The petrochemical industry in India is growing at a rapid rate. Reliance’s new refinery will come on stream in the next year. There is a huge activity in petrochemical based industries all over the country.
Specialty chemicals: It is now recognized that due to the inherent strength of skilled manpower and resources in research activity coming out of the success of pharma industry that the emphasis of growth and value addition needs to focus on specialty chemical industry. In fact, in a report on chemical industry in India, it has been estimated that to take the industry from a $30 million to a potential $100 million in the next 5-8 years the booster rocket needs to come from the specialty and knowledge industry. It also needs to be pointed out that the budgets on research and developments from companies are still too low and also vital tie-ups between University and industry are missing. The Government has clear-cut policies to encourage research and development, but much more needs to be done by Industry and bodies representing industry to co-ordinate these efforts. What is required is a synergy between Government, industry and academia.
DISCLAIMER: All views and opinions expressed in this column are solely of the interviewee, and they do not reflect in any way the opinion of Fibre2Fashion.com.