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Mr. Mukesh Malhotra, Country pendence on Chinese chemical imports Responsible Care, but none of this is
Manager & Managing Director, Syensqo by creating domestic capacities at scale. refl ected in the laws which are outdated,”
India, identifi ed capital, infrastructure he said.
and talent as the key ingredients for Mr. Vikram Singhal, President,
India to become a global manufacturing Gulbrandsen Technologies, spoke Mr. Chandrakant Nayak, Country
powerhouse. about the need for change in mindset President & CEO, Dow India, pointed
to be a player on the global stage. He out that safety and sustainability have
“Capital cost in India is consider- said though price is a key determi- become extremely crucial in export-
ably lower compared to the Western nant in global trade, companies should ing to developed countries. “If Indian
world. And sometimes even the time prioritise and understand their customer’s fi rms delay taking investment decisions
Target Your Market More Effectively
to execute is faster, simply because the requirements. on making sustainable products, we
supporting equipment lead times are might miss the opportunity that would
considerably lower in this part of the Ms. Vinati Saraf Mutreja, Manag- be available at a global level. Indian
ChemImpex
companies can take the lead in deve-
world compared to the Western world,” Mr. Ravi Kapoor ing Director & CEO, Vinati Organics IndiaChemTrade
he said. as an export base, at least not for Ltd., said for successfully catering to Free for subscribers of Chemical Weekly
loping sustainable practices, processes
For subscribers only
and technologies, that could make a
now,” said Mr. Malhotra. international customers, companies IndiaChemTrade provides consolidated trade statistics
ChemImpex, the trade database, tracks, on a daily
big contribution to global sustainability
In terms of talent, the quality of should look to establish themselves of India. The information provided here is based on the
basis, exports and imports of chemicals and related
engineers and scientists in India is help- Mr. Ravi Kapoor, Chairman & as trustworthy suppliers by focusing drive,” he said.
products through the major ports in India — a vital
annual trade data published by the Directorate General
Mr. Maulik Mehta ing drive investments in innovation in Managing Director, Heubach Colour on formula-based transparent pricing Mr. Maulik Patel
of Commercial Intelligence and Statistics, Government
source of commercial intelligence. Find out on-line
sourcing strategy now being preferred India. However, Mr. Malhotra noted Pvt. Ltd., said a confl uence of global mechanism, good corporate gover- recent years to set up FDI-driven mega Mr. Umesh Sathe, Vice President
of India. The database can be searched by: Chemical
how international markets are moving; where your
by global chemical fi rms, Mr. Alexander that there is room for room for deve- factors is leading to the recognition of nance practices, and getting rated by petrochemical projects which would and India BU CEO of Process Automa-
Name/Harmonised Code to obtain the consolidated
competitors are exporting and at what price; where
Gerding, Managing Director, BASF lopment in infrastructure, especially India as a prime investment destination. sustainability rating agencies. have helped address some of the feed- tion, Siemens, said while the chemical
trade (import or export) in that item; or by Country to
imports are coming from and how their prices are
India Ltd., said India is “well posi- in land acquisition and logistics costs. moving. Download all this data, seamlessly, for a obtain the trade (import or export) in all chemicals and
stock issues. “We need to enable big industry is focussed on addressing fun-
tioned to take advantage” of the shift “This becomes a hurdle and it doesn’t “‘Make in India’/‘Buy in India’ small fee — online, anytime, with no hassles. related products between India and that country
Mr. Maulik Patel, CMD, Epigral investments and these should be damental challenges like raw material
in strategies when compared to other make India an obvious choice as an looks to be possible and very much Ltd. (formerly Meghmani Finechem focussed on C2-C3 chemistries. We availability, margin reduction and sus-
competing regions like ASEAN. “India export base. Now companies will look profi table now. India today, is where Ltd.), urged promoters of Indian com- need to drive more of crude oil, not tainability, the issue of cybersecurity
ChemXchange
and ASEAN will certainly coexist, and at investments where you either already China used to be. We need to be aware panies to look at partnership opportu- towards fuel, but to chemicals,” he said. is poorly understood. “Cybersecurity
Open to all registered users — no subscription required
there could be a lot of connections and have a critical mass of demand or you that the window won’t remain open for nities to enable growth and tap global has to be addressed at the design phase.
ChemXchange — the chemical exchange with a difference — is where you can identify your buyers and sup-
collaboration. India will stand on its see a critical mass developing in short- long,” he said. Mr. Kapoor stressed the markets. Mr. Vinod Paremal, President & Only when technology, processes and
plyers on-line, any time. This unique platform is free to all advertisers in the print version of Chemical Weekly.
own, but it needs to stay humble and to mid-term. They won’t think of India need to fundamentally address the de- Managing Director – India Region, people work in tandem can we make
nimble and continuously evaluate how Speaking about feedstock disadvan- Evonik India Pvt. Ltd. pushed for “de- our operations cyber secure. It is a
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it can remain a preferred destination,” tage faced by the Indian industry, criminalisation of business” as a key topic which will need to be addressed
Email: corporate@chemicalweekly.com or log on to chemicalweekly.com
he said. Mr. Janardhanan Ramanujalu, Head Rest enabling factor in driving investments by Indian chemical companies if we
of Asia (Excl. GC), SABIC, said the into the Indian industry. “The chemical have to become reliable partners in the
Mr. Maulik Mehta, CEO & Exe- country missed many opportunities in the sector does a lot of work in safety and overall global ecosystem,” he noted.
cutive Director, Deepak Nitrite Ltd.,
advised that India should not look at
just being a ‘plus one’ to China but aim
at being ‘the one’. “The only way to
survive is to build world scale capacities.
We should take advantage of the huge
domestic consumption potential,” he
said.
Mr. Namitesh Roychoudhary, Vice
Chairman & Managing Director, Lanxess
India Pvt. Ltd., advised building self-
suffi ciency in select value chains to
reduce imports and ramping up exports Mrs. Usha S. - usha@hpicindia.com
in select areas as an effective growth
strategy. Mr. Vikram Singhal and Ms.Vinati Saraf Mutreja
178 Chemical Weekly March 19, 2024 Chemical Weekly March 19, 2024 179
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