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By:

Akhilesh Sinha

25 June 2025 at 2:53:54 pm

Nadda's strategic meet signals urgency for chemical sector

New Delhi: As war simmers across the volatile landscape of West Asia, whether in the form of a direct confrontation between Israel, United States and Iran, or through Iran's hybrid warfare involving groups like Hezbollah and the Houthis, the tremors are no longer confined to the region's borders. They are coursing through the arteries of the global economy. India's chemicals and petrochemicals sector, heavily dependent on this region for critical raw materials, finds itself among the earliest...

Nadda's strategic meet signals urgency for chemical sector

New Delhi: As war simmers across the volatile landscape of West Asia, whether in the form of a direct confrontation between Israel, United States and Iran, or through Iran's hybrid warfare involving groups like Hezbollah and the Houthis, the tremors are no longer confined to the region's borders. They are coursing through the arteries of the global economy. India's chemicals and petrochemicals sector, heavily dependent on this region for critical raw materials, finds itself among the earliest and hardest hit by this geopolitical turbulence. It is in this backdrop that the recent meeting convened by Union Minister for Chemicals and Fertilisers J. P. Nadda at Kartavya Bhavan must be seen not as a routine consultation, but as a signal of strategic urgency. India's ambition to scale this sector from its current valuation of $220 billion to $1 trillion by 2040, and further to $1.5 trillion by 2047, will remain aspirational unless the country confronts its structural vulnerabilities with clarity and resolve. India today ranks as the world's sixth-largest producer of chemicals and the third-largest in Asia. The sector contributes 6-7 percent to GDP and underpins a wide spectrum of industries, from agriculture and pharmaceuticals to automobiles, construction, and electronics. It would be no exaggeration to call it the backbone of modern industrial India. Yet, embedded within this strength is a paradox. India's share in the global chemical value chain (GVC) stands at a modest 3.5 percent. A trade deficit of $31 billion in 2023 underscores a deeper issue: while India produces at scale, it remains marginal in high-value segments. This imbalance becomes starkly visible when disruptions in West Asia choke the supply of key feedstocks, shaking the very foundations of domestic industry. Supply Disruption The current crisis has laid this fragility bare. Disruptions in the supply of LNG, LPG, and sulfur have led to production cuts of 30-50 percent in several segments. With nearly 65 percent of sulfur imports sourced from the Middle East, the ripple effects have extended beyond chemicals to fertilisers, plastics, textiles, and other downstream industries. Strategic chokepoints such as the Strait of Hormuz have witnessed disruptions, pushing shipping costs up by 20-30 percent and adding further strain to cost structures. This is precisely where Nadda's emphasis on supply chain diversification and resilience appears prescient. In today's world, self-reliance cannot mean isolation; it must translate into strategic flexibility. While India imports crude oil from as many as 41 countries, several critical inputs for the chemical industry remain concentrated in a handful of sources, arguably the sector's most significant vulnerability. Opportunity Ahead A recent report by NITI Aayog outlines a pathway to convert this vulnerability into opportunity. It envisions raising India's GVC share to 5-6 percent by 2030 and to 12 percent by 2040. If achieved, the sector could not only reach the $1 trillion mark but also generate over 700,000 jobs. However, this transformation will demand more than policy intent, it will require sustained investment and disciplined execution. The most pressing challenge lies in research and innovation. India currently spends just 0.7 percent of industry revenue on R&D, compared to a global average of 2.3 percent. This gap explains why the country remains largely confined to basic chemicals, even as the world moves toward specialty and high-value products. Bridging this divide is essential if India is to climb the value chain. Equally constraining is the fragmented nature of the industry. Dominated by MSMEs with limited access to capital and technology, the sector struggles to compete globally. Cluster-based development models offer a pragmatic way forward, such as PCPIRs and the proposed chemical parks.

A beacon of hope for rural athletes

Updated: Oct 22, 2024

How Akash Shinde transformed from a shy village boy to a prominent kabaddi player

beacon of hope

Mumbai: In the heart of Nashik's Adgaon village, a young boy Akash Shinde dared to dream big. Little did he know that his journey from playing in the muddy grounds of his town to becoming a PKL winner would inspire a generation of aspiring athletes.


“Initially, when I used to play, I would come home with bruises because Kabaddi was played in the mud,” Akash recalls as he enters his fourth season with the Puneri Paltan. And despite his family's initial concerns, his passion for kabaddi burned bright, fuelled by the unwavering support of his early mentors Sagar Malwade and Vinod Labde.


His path to success was far from smooth. He faced numerous setbacks, failing to make the cut in his first attempts at various levels. “I fell short in my first attempts at all levels. I went for my senior camp for Maharashtra and fell short there too!”


But instead of letting these failures discourage him, Akash used them as stepping stones. “These setbacks kept me determined, and I knew I needed to try harder and with renewed energy to show the world what I could do and achieve.”


His breakthrough came in 2019 at a seniors’ trial in Nashik. This performance opened doors, leading him to play in the Junior Nationals and eventually catching the eye of Yuva Paltan, which is the Puneri Paltan’s academy.


The turning point in Akash’s career came when he represented his college in Beed, earning his first chance to play for Maharashtra. Under the guidance of Anil Jagdale and Kailas Jagdale, his skills flourished. His journey accelerated as he moved from Mahindra & Mahindra to Yuva Paltan, where mentors like Sangram and Ashok helped refine his game.


Akash’s PKL debut with Puneri Paltan in Season 8 was a moment of immense pride, not just for him but for his entire village. “No player from the Nashik region had made it to PKL or even the Maharashtra team, so it was a shock, a pleasant one, for everyone. The entire Nashik district was very happy. It felt really good,” he reminisces.


But it was in Season 9 that he truly announced his arrival, becoming a formidable force on the mat. In the 22 matches that Akash played on the way to his first PKL final, he scored 139 raid points, averaging 6.32 raid point per match.


His performances caught the eye of the national selectors, earning him a spot on the Indian team for the Asian Games. “I received my Team India kit on the 27th of October. I still remember it,” he says.


The crowning glory came in PKL Season 10 when Akash, along with his Puneri Paltan teammates, lifted the coveted trophy. Albeit playing a diminished role, he managed an impressive 56 raid points in the 13 matches he played. “There was only one target then... we had made up our minds that we had to win the title this season, whatever it took,” he shared, reflecting on the team’s collective determination. Now, Akash stands as a beacon of hope for young athletes from rural India. His message to them is clear: “Keep believing in yourselves and your dedication and efforts.” He emphasizes the importance of loyalty, urging young players to stay true to the clubs that nurture them.


As he prepares for PKL Season 11, his journey from the muddy grounds of Adgaon to the bright lights of Pro Kabaddi serves as a testament to the power of dreams, determination, and unwavering support.

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