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Correspondent

23 August 2024 at 9:59:04 pm

Hidden Questions

For six years, the Disha Salian case has remained trapped in a fog of unanswered questions, disputed narratives and institutional inaction. It appears that the fog is now finally beginning to lift. The CBI’s recent FIR has brought into the investigation a startling array of names including Shiv Sena (UBT) leader and MLA Aaditya Thackeray, his father, Sena (UBT) chief and former Chief Minister Uddhav Thackeray, Dino Morea, Sooraj Pancholi, Rhea Chakraborty, Sachin Vaze, Param Bir Singh, and...

Hidden Questions

For six years, the Disha Salian case has remained trapped in a fog of unanswered questions, disputed narratives and institutional inaction. It appears that the fog is now finally beginning to lift. The CBI’s recent FIR has brought into the investigation a startling array of names including Shiv Sena (UBT) leader and MLA Aaditya Thackeray, his father, Sena (UBT) chief and former Chief Minister Uddhav Thackeray, Dino Morea, Sooraj Pancholi, Rhea Chakraborty, Sachin Vaze, Param Bir Singh, and former home minister Anil Deshmukh. The allegations being investigated include conspiracy, destruction or suppression of evidence and an alleged attempt to establish a false narrative around Salian’s death. For Aaditya and the MVA, the instinctive political response will be to dub the CBI’s fresh probe as ‘vendetta’ and portray the investigation as an assault on the Thackeray family. But such a response would evade the much larger question of why this case was allowed to remain where it was for so long? At the very least, the filing of the FIR against the Thackerays’ and others lays bare the failure on part of the erstwhile MVA government headed by Uddhav Thackeray to properly investigate the case. This aspect cannot be wished away now by invoking political persecution as the Bombay High Court’s intervention has itself exposed the extraordinary manner in which the matter was handled. For years, Salian’s death remained an accidental-death case rather than being subjected to the kind of criminal investigation demanded by the allegations surrounding it. Her family has repeatedly sought a CBI probe only to be rebuffed by the previous Maharashtra government headed by Uddhav Thackeray. If the Thackeray-led MVA government had nothing to fear, why was a transparent investigation not pursued with greater urgency? If there was no attempt to protect anyone, why were questions about the circumstances of Salian’s death allowed to accumulate rather than being conclusively answered? And if there was no political sensitivity involved, why did the machinery of government appear so reluctant to let an independent agency examine the matter? The more aggressively the Opposition cries “vendetta,” the more obvious another question becomes: what exactly is it afraid the investigation might uncover? Aaditya Thackeray’s political inheritance cannot become an institutional exemption. Being Balasaheb Thackeray’s grandson may provide a formidable political surname; it cannot provide immunity from scrutiny. The CBI must be allowed to pursue every lead, examine every witness, reconstruct every missing link and establish the truth as to what happened to Disha Salian. If the allegations against anyone are false, the investigation should establish that too. But if wrongdoing has occurred, then those responsible must face the consequences. After six years, neither political power nor a famous surname can be allowed to stand between the investigation and the truth.

Nadda's strategic meet signals urgency for chemical sector

Apr 26
3 min read

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.

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