**Executive Summary**
On April 23, 2026, Union Minister J.P. Nadda met with leaders of the Indian Chemicals and Petrochemicals industry to develop a strategic growth roadmap. The meeting focused on enhancing sectoral resilience amid the West Asian crisis and establishing a level playing field to achieve "Atmanirbhar Bharat." Key objectives include scaling the sector from its current USD 220 billion value to USD 1.5 trillion by 2047.
**Key Points / Main Content**
**Strategic Growth and Resilience**
* Development of short-term and long-term measures to accelerate sectoral growth in line with the "Viksit Bharat 2047" vision.
* Emphasis on diversifying supply chains to mitigate external risks arising from global challenges, specifically the West Asian crisis.
* Focus on strengthening India’s position within the global chemicals and petrochemicals value chain.
**Government Policy and Support**
* Commitment to providing a level playing field for domestic industries.
* Proposed implementation of trade remedial measures to address and neutralize unfair trade practices.
* Assurance of continuous, "hand-in-hand" collaboration between the government and industry stakeholders.
**Economic Scale and Impact**
* The sector currently serves as the backbone for critical downstream industries, including agriculture, pharmaceuticals, semiconductors, and electronics.
* Financial targets set at USD 1 trillion by 2040 and over USD 1.5 trillion by 2047.
* Participation involved approximately 25 CEOs and leaders from major firms such as Reliance Industries, Tata Chemicals, IOCL, and GAIL.
**Impact Analysis**
**Chemicals and Petrochemicals Industry Leaders**
**Impact**
Industry players gain a platform to influence policy and receive government assurance regarding trade protections and supply chain stability.
**Action Required**
Leaders must provide specific suggestions to the government to facilitate growth and enhance sectoral resilience against global crises.
**Downstream Industries (Agriculture, Pharmaceuticals, Electronics, etc.)**
**Impact**
These sectors benefit from a more robust and resilient domestic supply chain, reducing dependency on volatile international markets.
**Action Required**
Stakeholders should prepare for increased domestic capacity and align their long-term supply requirements with the sector's growth roadmap.
**Department of Chemicals & Petrochemicals**
**Impact**
The Department is tasked with the administrative oversight of the new strategic roadmap and the implementation of trade remedies.
**Action Required**
Senior officers must maintain continuous engagement with industry captains to execute the short-term and long-term measures discussed.
Key Entities Referenced
Atmanirbhar Bharat: A national initiative for self-reliance which the government is committed to achieving by ensuring a level playing field in the chemicals and petrochemicals sector.
Viksit Bharat by 2047: A strategic government vision to transform India into a developed nation by 2047, serving as the benchmark for the sector's long-term growth roadmap.
Shri J.P. Nadda: Union Minister of Chemicals & Fertilizers who chaired the strategic meeting with industry leaders to outline growth and resilience measures.
Department of Chemicals and Petrochemicals: The primary government department involved in deliberating sectoral roadmaps and addressing trade remedial measures for the industry.
West Asian crisis: A key global challenge identified as a driver for the policy focus on supply chain diversification and enhancing sectoral resilience.
Ministry of Chemicals and Fertilizers :
Department of Chemicals and Petrochemicals
Union Minister J.P. Nadda Meets with Industry
Leaders to Chart Growth Roadmap for
Chemicals & Petrochemicals Sector
Focus on Resilience, Supply Chain Diversification Amid
Global Challenges
Committed to ensure level playing field for achieving the goal
of Atmanirbhar Bharat - Shri Nadda
Posted On: 23 APR 2026 8:52PM by PIB Delhi
Union Minister of Chemicals & Fertilizers, Shri J.P. Nadda, held a meeting with captains of the Indian
Chemicals and Petrochemicals industry today at Kartavya Bhawan, New Delhi, to deliberate on a strategic
roadmap for the sector. The discussions focused on outlining both short-term and long-term measures to
accelerate growth and contribute towards the vision of Viksit Bharat by 2047.
The meeting addressed the ongoing West Asian crisis, with emphasis on enhancing sectoral resilience and
developing alternative supply chains to mitigate external risks. Strategies to strengthen India’s position in
the global chemicals and petrochemicals value chain was also discussed during the interaction.Shri J P Nadda expressed confidence in the industry’s potential and reiterated the Government’s
commitment to ensuring a level playing field for achieving the goal of Atmanirbhar Bharat. He indicated
that appropriate trade remedial measures would be considered to address unfair trade practices.
Shri Nadda invited industry suggestions to facilitate the growth of the sector and to make it more resilient
especially in wake of the current West Asian Crisis. He assured the industry that the Government would
keep working with the industry hand-in-hand on a continuous basis.
Shri Tejveer Singh, Secretary, Department of Chemicals & Petrochemicals and senior officers from the
Department were present in the meeting. Around 25 CEOs, Chairpersons, and industry leaders,
representing diverse sub-sectors such as petrochemicals, polymers, specialty chemicals, chlor-alkali,
agrochemicals, dyes and pigments, and organic and inorganic chemicals participated in the deliberations.
Prominent industry leaders from UPL Group, Deepak Group, DCM Shriram, Jubilant Group, SRF Ltd.,
Atul Ltd., Thirumalai Chemicals Ltd., Reliance Industries Ltd., Aarti Industries Ltd., HPCL-Mittal Energy
Ltd., Indian Oil Corporation Ltd., Haldia Petrochemicals Ltd., Tata Chemicals, Sanmar Group, ONGC
Petro-additions Ltd., Bharat Petroleum Corporation Limited, and GAIL (India) Ltd participated.
The Chemical and Petrochemicals sector plays a pivotal role in the Indian economy, serving as a backbone
for multiple downstream industries including agriculture, pharmaceuticals, nutraceuticals, automobiles,
construction, semiconductors, and electronics. Currently valued at approximately USD 220 billion, the
sector aims to scale up to USD 1 trillion by 2040 and further to over USD 1.5 trillion by 2047.
***PC/DKR/PM
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