Vibrant Gujarat 2024 ignites industry dialogue with Chemicals and Petrochemicals Pre-Event Seminar

GANDHINAGAR : Pankaj Joshi, Additional Chief Secretary to the Chief Minister, announced the commencement of a pre-Vibrant seminar on chemicals and petrochemicals, a significant component of the upcoming 10th Vibrant Gujarat Global Summit (VGGS) 2024. 

Scheduled for 23 December at Bharuch, the seminar, titled ‘FutureChem Gujarat: Shaping Tomorrow’s Chemicals and Petrochemicals Industry,’ is poised to be a crucial platform for global policymakers, practitioners, academics, and industry experts. The event aims to formulate a roadmap for the sustainable development of the chemicals and petrochemicals industry.

Notable dignitaries, including Chief Minister of Gujarat Shri Bhupendra Patel, and Union Minister of Health and Family Welfare and Chemicals and Fertilisers, Dr. Mansukhbhai Mandaviya, are set to grace the occasion. 

The seminar will also witness the presence of Minister of Industries, MSMEs, Cottage, Khadi and Rural Industries, Civil Aviation, Labor and Employment, Balwantsinh Rajput, and Minister of Energy and Petrochemicals and Finance, Kanubhai Desai, from the Government of Gujarat.

The event will feature addresses from industry leaders, including Pankaj Joshi (IAS), Managing Director of GNFC, Deepak Mehta of Deepak Group, Jay Shroff of UPL, and other distinguished personalities. 

Gujarat, known as the “Petro Capital” of India, currently contributes approximately 35 per cent to the total national production of chemicals, solidifying its position as a leader in the industry. The pre-Vibrant summit is strategically organised in Bharuch, the industrial hub of Gujarat, surrounded by Ankleshwar GIDC, Jhagadia GIDC, Dahej GIDC, and Panoli GIDC.

Speaking about the global and national significance of the petrochemical industry, Pankaj Joshi highlighted that the world’s chemical industry is valued at approximately USD 5 trillion, with India’s chemical industry currently valued at USD 200 billion. 

The country is projected to reach USD 1 trillion by 2040. India holds the sixth position globally and fourth in Asia in chemicals and petrochemicals production, ranking eleventh as the largest exporter of chemicals.

The pre-summit seminar aims to provide a platform for business leaders and innovators to showcase their operations and upcoming economic opportunities as part of the Vibrant Gujarat Global Summit 2024. 

The seminar will cover topics such as sustainable growth, technological advancement, policy framework, and global cooperation to position Gujarat as a global leader.