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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.

Congress will back any action by Centre on Pahalgam terror attack, says Priyanka Gandhi

  • PTI
  • May 4, 2025
  • 2 min read


Wayanad: Congress leader Priyanka Gandhi on Sunday said her party would fully support any action the central government takes in response to the terror attack in Pahalgam, in which 26 people were killed.



She noted that the Congress Working Committee (CWC) has already passed a resolution affirming this stand.


Speaking during her two-day visit to Wayanad, the AICC general secretary expressed hope that the union government would act swiftly in the wake of the attack



"The Congress Party... the CWC met, and we passed a resolution. In the resolution, we have said we stand fully with whatever action the government decides to take. And we hope that they take the action soon," she told reporters here when her reaction was sought on the matter.



On Friday, the Congress urged the Centre to act with firmness in the wake of the Pahalgam terror attack to penalise Pakistan for its continued export of terror, and pressed for time-bound accountability into the "serious lapses" in security and intelligence in one of the most heavily-guarded regions of the country.



The opposition party made the assertions in a resolution passed by the Congress Working Committee (CWC) meeting, which was chaired by party chief Mallikarjun Kharge and attended by former Congress presidents Sonia Gandhi and Rahul Gandhi, and general secretaries Jairam Ramesh, K C Venugopal and Priyanka, among others.



Earlier, the Congress MP handed over a new ambulance for injured and sick animals to forest officials of the Wayanad Wildlife Division at Sultan Bathery, party sources said.


The ambulance, funded through Rs 15 lakh from the MP's development fund, was flagged off at a function held at the Forest Division Office in Sultan Bathery.


Following a request from forest officials, Vadra also visited the animal hospice and palliative care unit, where captured aggressive tigers are housed, and reviewed its operations.


Officials informed her that the shelter is currently accommodating more big cats than its intended capacity.


They also highlighted the urgent need for improved facilities and additional funds to manage the growing number of animals.


Meanwhile, the family of former Wayanad DCC treasurer NM Vijayan, who had died by suicide a few months back, alleged that the local party leaders prevented them from meeting Vadra.



His daughter-in-law claimed that they didn't receive any assistance from the party despite assurances from the MP during her recent visit here.

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