J P Nadda chairs CEO Roundtable to discuss priorities

The Department of Chemicals and Petrochemicals (DCPC), Ministry of Chemicals and Fertilizers, in partnership with Invest India, convened a high-level CEO Roundtable today to deliberate on India’s ambition of building a USD 1 trillion Chemicals sector by 2040.

Chaired by Union Minister of Health and Family Welfare and Chemicals and Fertilizers, J.P. Nadda in the presence of Union Minister of State for Health and Family Welfare and Chemicals and Fertilizers, Smt. Anupriya Patel, the roundtable: “India’s Chemicals Sector: Charting the Path to USD 1 Trillion by 2040,” deliberated on the strategic priorities required to transform India into a globally competitive chemicals manufacturing and innovation hub. The roundtable was attended by more than 100 delegates from chemical industry from across the globe representing both foreign and domestic industry such as BASF, Tronox, Exxonmobil, Fujifilm, Lubrizol, Dow Chemicals, UPL, Reliance, DCM Shriram, HMEL, SABIC, Haldia Petrochemicals amongst others.

Representatives from more than 30 leading global and Indian chemical companies across speciality chemicals, petrochemicals and bulk chemicals participated in the discussions.

Addressing the gathering, Sh. Nadda emphasised that the sector has to touch USD 1 trillion vision by 2040 in the country. He said the Government is committed to establishing a continuous and institutionalised dialogue mechanism with industry, with the objective of identifying impediments and translating suggestions into time-bound action.

In her address, Smt. Anupriya Patel, Union Minister of State of Health and Family Welfare and Chemicals & Fertilizers, mentioned that recent reforms and schemes launched by the Government to promote manufacturing across the sectors including Chemical and Petrochemical sector such as Bhavya Rasayan, Coal Gasification, Rare Earth Corridors, Critical Mineral Mission, reforms including Tax reforms, Labour reforms.

Stressing the importance of government and industry partnership, Shri Tejveer Singh, Secretary, Department of Chemicals and Petrochemicals, stated that the Chemicals sector offers major opportunities across given the expanding domestic demand across key downstream sectors.

Speaking on the occasion, Ms. Nivruti Rai, MD & CEO, Invest India mentioned that India is well positioned to emerge as a preferred global destination for chemicals manufacturing, supported by its large domestic market, skilled talent, improving infrastructure and ongoing reforms..(updated on 24th August 2026)