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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.

Sculpting Maharashtra's cultural legacy for the world

Mumbai: In a monumental recognition of a monumental career, eminent sculptor Ram Vanji Sutar was conferred with the ‘Maharashtra Bhushan Award’, the highest civilian honour of the state by Chief Minister Devendra Fadnavis on Friday.


Born on February 19, 1925, at Gondur village of Dhule in North Maharashtra Ram Sutar is one of India’s most celebrated and prolific sculptors. A Gold Medalist from the prestigious Sir J. J. School of Art, Mumbai, he is a master of realistic sculptures, working primarily in bronze. Over a career spanning more than seven decades, Sutar has created over 8,000 sculptures, including some of the world's largest and most significant monuments. He has been honored with India's third and fourth-highest civilian awards, the Padma Bhushan (2016) and Padma Shri (1999), and the Maharashtra Bhushan award for the year 2024, cementing his place as an icon of Maharashtra's artistic heritage.


While Sutar’s most famous work is the monumental Statue Of Unity (Sardar Vallabhbhai Patel) in Gujarat, his roots and several key projects directly connect him to Maharashtra, serving as global or national ambassadors for the region's culture and iconic figures like Chhatrapati Shivaji Maharaj.


Maratha pride

As a son of Maharashtra, Sutar has immortalized the state’s foremost historical hero, the Maratha warrior king Chhatrapati Shivaji Maharaj. An equestrian statue of Chhatrapati Shivaji Maharaj (21 ft. high Bronze) is installed at the Parliament House, New Delhi, making the symbol of Maratha pride a permanent feature in India's capital. He also created its replica for the Balewadi Stadium in Pune.


Furthermore, he is credited with the final design for the proposed monumental statue of the king in the Arabian Sea off the coast of Mumbai, which would be an internationally recognized landmark.


Sutar made 18-foot tall statue of Dr. Ambedkar is installed in the Parliament. He and his son, Anil Sutar, are currently working on the Statue of Equality at the Dr. Babasaheb Ambedkar Memorial at Indu Mills in Mumbai, a mammoth project that will cement Ambedkar's legacy on a global scale.


Global reach

Sutar's mastery in sculpting lifelike figures of national leaders, often drawing inspiration from his formative years studying art and restoring sculptures at the Ajanta and Ellora Caves (Maharashtra), has given his work immense international visibility. His bust of Mahatma Gandhi, praised for its realistic and dignified representation, has been selected for installation in over 450 cities worldwide across countries like the USA, France, Russia, Australia, and the UK. While Gandhi is a national figure, Sutar's unique artistic interpretation, honed by his training in Mumbai, represents the finesse of Indian, and by extension, Maharashtrian, sculpting excellence to a global audience. His ability to capture the subtle human emotion and realism in bronze, a quality developed from his early studies in Mumbai, is often compared to the masters like Rodin and Michelangelo, drawing international attention to a master artist born and trained in Maharashtra.


In essence, Ram Sutar's colossal and internationally placed sculptures of key leaders and historical figures, particularly those rooted in Maharashtra’s history have projected the state's cultural identity, history, and artistic excellence onto the world stage.

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