New York, Feb 15 (ANI/Business Wire India): Chemical Week and the Indian Chemical Council have teamed up to create the first India Chemical Industry Outlook in Mumbai on April 15.
The two-day event is the only chemical conference in India that addresses the full spectrum of issues impacting the country's chemical sector at this important moment of expansion.
The chemical industry in India is poised for rapid development in the coming years.
India's consuming middle class and the population's disposable income are expanding, potentially driving growth of demand at exponential rates; the government has set in place special economic and investment zones for the chemical sector; and several of the country's chemical and oil majors have announced aggressive investment plans.
The India Chemical Industry Outlook, to be held in Mumbai, will take a look at key segments of the Indian chemical industry and explore the growth opportunities and challenges in each segment.
India's climate for mergers and acquisitions will also be examined.
Mukesh Ambani, Chairman and Managing Director of Reliance Industries Limited, said, "The Indian market for petrochemicals will increase four times in the next ten years. It will witness a sustained double-digit growth rate. This growth would be faster than that of China."
Peter Huntsman, President and CEO of Huntsman Corporation, said: "India and Russia are the next two economies after China. Our business in India is growing at double-digit rates. Unless you have a foundation in India today, you will be too late."
"Chemical Week is leveraging its long experience in India and expertise in presenting events across Asia and around the globe to bring you an impressive roster of speakers and topics at this important event," said Lyn Tattum, Chemical Week Publisher and Group Vice President.
Topics to be explored include:
Government investment zones
Expansion plans of domestic companies
The challenges of bureaucracy, labor laws, and logistics
Opportunities in various chemical industry segments.