Summit explores TN'S chemical sector potential

FICCI, Chemical Industries Association, Indian Chemical Council & Manali Industries Association conducted a one-day Chemical Summit entitled “Contribution of Chemical Sector for 1 Trillion US$ Economy of Tamil Nadu by 2030” on 9th December 2022 at ITC Grand Chola, Guindy, Chennai.

This summit  focused on the huge potential of the Chemical sector in Tamil Nadu and has to necessarily grow from the current 6 to 70 billion US $ by 2030 in order to contribute to the 1 Trillion US $ Economy vision ofM.K Stalin, the Tamilnadu Chief Minister.

Industries and Investment Promotion

The summit was inaugurated by the Minister for Industries, Tamil Official Language & Tamil Culture, Archeology, Thangam Thennarasu, who will deliver the inaugural address. S Krishnan IAS, Additional Chief Secretary (Industries and Investment Promotion), Pooja Kulkarni, IAS (Managing Director - Guidance Bureau) and other Industry leaders will also address the participating delegates comprising of officials of the Tamil Nadu Government and Senior Industry professionals.  

The summit involved identification of large projects for new Investment, discuss speedy implementation through enabling policies, availability of feedstocks and infrastructure, creation of “Chemical/Speciality Chemical Hubs” at clusters in Manali, Tuticorin, Ranipet, Nagapattinam and Cuddalore, creation of new chemical/speciality chemical/pharma parks in coastal areas that will facilitate the growth of this sector to realise its immense potential.