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Corporate Update

Chemicals Sector Push For Resilience And Growth

• By  Textile Excellence
• April 30, 2026

Union Minister J.P. Nadda has set the tone for the next phase of growth in India’s chemicals and petrochemicals sector. In a high-level meeting with industry leaders in New Delhi, the focus was clear: build resilience, diversify supply chains, and scale globally.

With the West Asia crisis disrupting trade flows, the government is pushing for alternative sourcing strategies to reduce external risks. Strengthening India’s position in the global value chain is now a priority.

Nadda reaffirmed the government’s commitment to a level playing field, signalling readiness to deploy trade remedial measures against unfair practices. He also invited industry inputs to shape both short- and long-term strategies.

The sector, currently valued at US$ 220 billion, is targeting US$ 1 trillion by 2040 and US$ 1.5 trillion by 2047.

Nadda reaffirmed the government’s commitment to a level playing field, signalling readiness to deploy trade remedial measures against unfair practices. He also invited industry inputs to shape both short- and long-term strategies.