FICCI : Industry's Voice for Policy Change

The government is considering launching a production linked incentive (PLI) scheme in the chemical sector to boost domestic manufacturing and exports. Addressing a webinar on 'Implementation Strategy of Budget Announcement 2021-22', Chemicals and Fertilisers Minister D V Sadananda Gowda on Friday said the government is working on a consultative approach in forming the policies for India's chemicals and petrochemicals sector.

The webinar was organised by the Department of Chemicals & Petrochemicals and FICCI. "Implementations of the Budget announcements cannot be done only by the government. "We should take our industry in confidence so that implementations can start from first week of April. The challenge for the government is to now match the suggestions of the industry with the implementation part," he was quoted as saying in a FICCI statement.

Gowda said the Budget has provided a boost to the Indian pharmaceutical sector. “The big push for the pharma sector is being seen as an attempt to discourage the imports of raw materials that are widely used in local manufacturing," he said.

Mansukh Mandaviya, Minister of State for Chemicals & Fertilizers, said that the government is working to introduce PLI scheme for the chemicals sector to increase domestic production, according to FICCI statement. There are immense opportunities for the industry and the government is working to ensure to provide all necessary support, he added. “The government decides on policies after a thorough research on ground and wants to make the industry competitive. We have to encash the opportunity," he added.

Mandaviya further said that India has both the potential and the manpower to deal with the pandemic. The result of medicine diplomacy has been such that the entire world now wants to procure vaccines from India, he said. After supplying medicines to 120 countries, no country has complained of inferior quality medicine. The Indian industry, its entrepreneurs and the Made in India stamp have set a benchmark globally, he noted.

The Statesman | Mar 06, 2021

Govt considering PLI scheme for chemical sector

The government is planning to launch a production linked incentive (PLI) scheme in the chemical sector to bolster domestic manufacturing and exports. Chemicals and Fertilisers Minister D V Sadananda Gowda on Friday said the government is working on a consultative approach in forming the policies for India’s chemicals and petrochemicals sector.

Gowda made the statement while addressing a webinar on ‘Implementation Strategy of Budget Announcement 2021-22’. The event was organised by the Department of Chemicals & Petrochemicals and FICCI.

“Implementations of the Budget announcements cannot be done only by the government. We should take our industry in confidence so that implementations can start from first week of April. The challenge for the government is to now match the suggestions of the industry with the implementation part,” he was quoted as saying in a FICCI statement.

Gowda said the Budget has provided a boost to the Indian pharmaceutical sector.

Highlighting government’s allocation of Rs 35,000 towards Pharma sector, Gowda said that it is seen as an attempt to discourage the imports of raw materials that are widely used in local manufacturing.

Mansukh Mandaviya, Minister of State for Chemicals & Fertilizers, also made similar statements. As per a FICCI statement, he said that the government is working to introduce PLI scheme for the chemicals sector to increase domestic production.

There are immense opportunities for the industry and the government is working to ensure to provide all necessary support, he added.

The government decides on policies after a thorough research on ground and wants to make the industry competitive. We have to encash the opportunity, he added.

Mandaviya further said that India has both the potential and the manpower to deal with the pandemic.

The result of medicine diplomacy has been such that the entire world now wants to procure vaccines from India, he said.

After supplying medicines to 120 countries, no country has complained of inferior quality medicine.

Mandaviya noted that the Indian industry, its entrepreneurs and the Made in India stamp have set a benchmark globally.

Industry Outlook | Mar 06, 2021

PLI Scheme for Chemical Industry in the works

A production linked incentive (PLI) scheme for the chemical industry is in the works. The scheme will be finalized by consulting the industry and understanding its concerns. The chemical industry is expected to receive a major boost in domestic manufacturing and exports as a result of it.

Addressing a webinar on 'Implementation Strategy of Budget Announcement 2021-22', Chemicals and Fertilizers Minister D V Sadananda Gowda said the government is working on

a consultative approach in forming the policies for India's chemicals and petrochemicals sector. The webinar was organized by the Department of Chemicals & Petrochemicals and FICCI.

"Implementations of the Budget announcements cannot be done only by the government. We should take our industry in confidence so that implementations can start from first week of April. The challenge for the government is to now match the suggestions of the industry with the implementation part,” he was quoted as saying in a FICCI statement.

Gowda said the budget has provided a boost to the Indian pharmaceutical sector. The big push for the pharma sector is being seen as an attempt to discourage the imports of raw materials that are widely used in local manufacturing, he said, as per a report by Business Standard.

Mansukh Mandaviya, Minister of State for Chemicals & Fertilizers, said that the government is working to introduce PLI scheme for the chemicals sector to increase domestic production, according to FICCI statement.

The Economic Times | Mar 06, 2021

Govt mulls launching PLI scheme for chemical sector

The government is considering launching a production linked incentive (PLI) scheme in the chemical sector to boost domestic manufacturing and exports. Addressing a webinar on 'Implementation Strategy of Budget Announcement 2021-22', Chemicals and Fertilisers Minister D V Sadananda Gowda on Friday said the government is working on a consultative approach in forming the policies for India's chemicals and petrochemicals sector.

The webinar was organised by the Department of Chemicals & Petrochemicals and FICCI.

"Implementations of the Budget announcements cannot be done only by the government.

"We should take our industry in confidence so that implementations can start from first week of April. The challenge for the government is to now match the suggestions of the industry with the implementation part," he was quoted as saying in a FICCI statement.

Gowda said the Budget has provided a boost to the Indian pharmaceutical sector.

"The big push for the pharma sector is being seen as an attempt to discourage the imports of raw materials that are widely used in local manufacturing," he said.

Mansukh Mandaviya, Minister of State for Chemicals & Fertilizers, said that the government is working to introduce PLI scheme for the chemicals sector to increase domestic production, according to FICCI statement.

There are immense opportunities for the industry and the government is working to ensure to provide all necessary support, he added.

"The government decides on policies after a thorough research on ground and wants to make the industry competitive. We have to encash the opportunity," he added.

Mandaviya further said that India has both the potential and the manpower to deal with the pandemic.

The result of medicine diplomacy has been such that the entire world now wants to procure vaccines from India, he said.

After supplying medicines to 120 countries, no country has complained of inferior quality medicine.

The Indian industry, its entrepreneurs and the Made in India stamp have set a benchmark globally, he noted.

Live Mint | Mar 06, 2021

Govt mulls launching production linked incentive scheme for chemical sector

The government is considering launching a production linked incentive (PLI) scheme in the chemical sector to boost domestic manufacturing and exports. Addressing a webinar on 'Implementation Strategy of Budget Announcement 2021-22', Chemicals and Fertilisers Minister D V Sadananda Gowda on Friday said the government is working on a consultative approach in forming the policies for India's chemicals and petrochemicals sector.

The webinar was organised by the Department of Chemicals & Petrochemicals and FICCI. "Implementations of the Budget announcements cannot be done only by the government. "We should take our industry in confidence so that implementations can start from first week of April. The challenge for the government is to now match the suggestions of the industry with the implementation part," he was quoted as saying in a FICCI statement.

Gowda said the Budget has provided a boost to the Indian pharmaceutical sector. “The big push for the pharma sector is being seen as an attempt to discourage the imports of raw materials that are widely used in local manufacturing," he said.

Mansukh Mandaviya, Minister of State for Chemicals & Fertilizers, said that the government is working to introduce PLI scheme for the chemicals sector to increase domestic production, according to FICCI statement. There are immense opportunities for the industry and the government is working to ensure to provide all necessary support, he added. “The government decides on policies after a thorough research on ground and wants to make the industry competitive. We have to encash the opportunity," he added.

Mandaviya further said that India has both the potential and the manpower to deal with the pandemic. The result of medicine diplomacy has been such that the entire world now wants to procure vaccines from India, he said. After supplying medicines to 120 countries, no country has complained of inferior quality medicine. The Indian industry, its entrepreneurs and the Made in India stamp have set a benchmark globally, he noted.

The Daily Guardian | Mar 06, 2021

Consultative approach of the Government in forming policy for chemicals and petrochemicals sector: Sadananda Gowda

Mr DV Sadananda Gowda, Minister of Chemicals & Fertilizers, Govt of India today emphasized that the government is working on a consultative approach in forming the policies for India chemicals and petrochemicals sector.

Addressing a webinar on ‘Implementation Strategy of Budget Announcement 2021-22’, organised by the Department of Chemicals & Petrochemicals, Govt of India and FICCI, Mr Gowda said that the Prime Minister’s intention is to see that the implementations of the Budget announcements be given more importance. “Implementations of the Budget announcements cannot be done only by the government. We should take our industry in confidence so that implementations can start from first week of April. The challenge for the govt is to now match the suggestions of the industry with the implementation part,” he added.

Gowda further said that Budget 21-22 has provided a nearly 200 per cent boost to the Indian pharmaceutical sector as the government sets around INR 124.42 cr for initiatives aimed at the development of the industry. “The big push for the pharma sector is being seen as an attempt to discourage the imports of raw materials that are widely used in local manufacturing,” he emphasized.

During the COVID-19 slowdown there has been noticeable production and consumption shift towards Asian and South Asian countries. The Speciality Chemical sector in India has been one of the few sectors that has remained largely unfazed by the ongoing slowdown, he added.

Highlighting the importance of R&D in the sector, Gowda said that a balanced approach through resource mobilization, key government initiatives in the sector and developing technological capabilities shall spur growth. This will also enable us to overcome the pandemic situation and make the sector stronger and more competitive.

Mansukh Mandaviya, Minister of State (IC) for Ports, Shipping and Waterways & Minister of State for Chemicals & Fertilizers, Govt of India said that the government is working to introduce PLI scheme for the Chemicals sector to increase domestic production. There are immense opportunities for the industry and the government is working to ensure to provide all necessary support. “The government decides on policies after a thorough research on ground and wants to make the industry competitive. We have to encash the opportunity,” he added.

Mandaviya further said that India has both the potential and the manpower to deal with the pandemic. The result of medicine diplomacy has been such that the entire world now wants to procure vaccines from India. After supplying medicines to 120 countries, no country has complained of inferior quality medicine. The Indian industry, its entrepreneurs and the Made in India stamp have set a benchmark globally, he noted.

Yogendra Tripathi, Secretary, Department of Chemicals & Petrochemicals, Ministry of Chemicals & Fertilizers, Govt of India said that the global petrochemical market is estimated to be $ 453 bn in 2020 and in the current decade is expected to grow at a CAGR of more than 6 per cent. “In the Indian context, the growth of petrochemicals and chemicals is going to beat the global trends,” he added.

Deepak C Mehta, Chairman, FICCI Chemicals Committee and CMD, Deepak Nitrate said that the budget did give some corrective measures for the duty structures particularly in places where there was inverse duty. The budget has given us many newer signals that are more on macro level but are very particular to the chemical industry, he added.

Kamal Nanavaty, President, CPMA said that as the world moves from conventional mobility of internal combustion engines to electric and hybrid vehicles, we will have the refining assets really become available to build new petrochemical base.

Business Today | Mar 06, 2021

Chemical sector to go 'atmanirbhar'; govt considering PLI scheme

The Centre is mulling to launch a production linked incentive (PLI) scheme in the chemicals sector to bolster domestic manufacturing and exports. Union Chemicals and Fertilisers Minister DV Sadananda Gowda has said the government has adopted a consultative approach for forming policies aimed at the chemicals and petrochemicals sector of the country.

"Implementations of the Budget announcements can't be done only by the government. We should take our industry in confidence so that implementations can start from first week of April," Gowda said at FICCI's webinar on 'Implementation Strategy of Budget Announcement 2021-22'. The Union Minister said the biggest impediment for the government is to meet the suggestions of the industry with policy implementation.

Highlighting the Rs 35,000 allocation towards the development of COVID-19 vaccines in Budget 2021, Gowda said it is looked at as an attempt to reduce raw material imports widely used in local manufacturing. Union Minister of State for Chemicals and Fertilisers Mansukh Mandaviya said that the industry has immense opportunities and the government is working towards providing necessary support. He also talked about India's Vaccine Maitri mission and said that we have potential and manpower to deal with the pandemic.

Mandaviya added it is due to medicine diplomacy that the entire world is looking at India for COVID-19 vaccines and there have been no complains of inferior quality medicine.

Mandaviya noted the Indian industry, its entrepreneurs and the Made in India branding have a set a global benchmark.

Orissa Diary | Mar 05, 2021

Consultative approach of the government in forming policy for chemicals & petrochemicals sector: DV Sadananda Gowda

Mr DV Sadananda Gowda, Minister of Chemicals & Fertilizers, Govt of India today emphasized that the government is working on a consultative approach in forming the policies for India chemicals and petrochemicals sector.

Addressing a webinar on ‘Implementation Strategy of Budget Announcement 2021-22’, organised by the Department of Chemicals & Petrochemicals, Govt of India and FICCI, Mr Gowda said that the Prime Minister’s intention is to see that the implementations of the Budget announcements be given more importance. “Implementations of the Budget announcements cannot be done only by the government. We should take our industry in confidence so that implementations can start from first week of April. The challenge for the govt is to now match the suggestions of the industry with the implementation part,” he added.

Mr Gowda further said that Budget 21-22 has provided a nearly 200 per cent boost to the Indian pharmaceutical sector as the government sets around INR 124.42 cr for initiatives aimed at the development of the industry. “The big push for the pharma sector is being seen as an attempt to discourage the imports of raw materials that are widely used in local manufacturing,” he emphasized.

During the COVID-19 slowdown there has been noticeable production and consumption shift towards Asian and South Asian countries. The Speciality Chemical sector in India has been one of the few sectors that has remained largely unfazed by the ongoing slowdown, he added.

Highlighting the importance of R&D in the sector, Mr Gowda said that a balanced approach through resource mobilization, key government initiatives in the sector and developing technological capabilities shall spur growth. This will also enable us to overcome the pandemic situation and make the sector stronger and more competitive.

Mr Mansukh Mandaviya, Minister of State (IC) for Ports, Shipping and Waterways & Minister of State for Chemicals & Fertilizers, Govt of India said that the government is working to introduce PLI scheme for the Chemicals sector to increase domestic production. There are immense opportunities for the industry and the government is working to ensure to provide all necessary support. “The government decides on policies after a thorough research on ground and wants to make the industry competitive. We have to encash the opportunity,” he added.

Mr Mandaviya further said that India has both the potential and the manpower to deal with the pandemic. The result of medicine diplomacy has been such that the entire world now wants to procure vaccines from India. After supplying medicines to 120 countries, no country has complained of inferior quality medicine. The Indian industry, its entrepreneurs and the Made in India stamp have set a benchmark globally, he noted.

Mr Yogendra Tripathi, Secretary, Department of Chemicals & Petrochemicals, Ministry of Chemicals & Fertilizers, Govt of India said that the global petrochemical market is estimated to be $ 453 bn in 2020 and in the current decade is expected to grow at a CAGR of more than 6 per cent. “In the Indian context, the growth of petrochemicals and chemicals is going to beat the global trends,” he added.

Mr Deepak C Mehta, Chairman, FICCI Chemicals Committee and CMD, Deepak Nitrate said that the budget did give some corrective measures for the duty structures particularly in places where there was inverse duty. The budget has given us many newer signals that are more on macro level but are very particular to the chemical industry, he added.

Mr Kamal Nanavaty, President, CPMA said that as the world moves from conventional mobility of internal combustion engines to electric and hybrid vehicles, we will have the refining assets really become available to build new petrochemical base.

Ten News | Mar 05, 2021

Consultative approach of the government in forming policy for chemicals & petrochemicals Sector: DV Sadananda Gowda

DV Sadananda Gowda, Minister of Chemicals & Fertilizers, Govt of India today emphasized that the government is working on a consultative approach in forming the policies for India chemicals and petrochemicals sector.

Addressing a webinar on ‘Implementation Strategy of Budget Announcement 2021-22′, organised by the Department of Chemicals & Petrochemicals, Govt of India and FICCI, Gowda said that the Prime Minister’s intention is to see that the implementations of the Budget announcements be given more importance. “Implementations of the Budget announcements cannot be done only by the government. We should take our industry in confidence so that implementations can start from first week of April. The challenge for the govt is to now match the suggestions of the industry with the implementation part,” he added.