Indian chemical industry should capitalize on the current opportunity- Ashwin Shroff
The Indian Speciality Chemicals Manufacturers’ Association’s (ISCMA) get together event took place in Worli, Mumbai on 4th May 2018.
Ashwin Shroff, Chief Guest, Chairman and Managing Director, Excel Industries Ltd, addressing members of ISCMA said “The tightening of the environmental standards in China and the consequent closure of several units present an excellent opportunity for India to improve manufacturing of chemicals.” Hence, it is very clear that the current scenario in chemical industry favors India to manufacture chemicals and emerge as a global leader.
According to Shroff, “The speciality chemical industry is seen as a solution provider, not just a product seller, and will be shaped by global geo-politics. Sustainability helps in reducing the cost of manufacturing chemicals. The business of speciality chemicals is knowledge-driven and not capital-driven.”
Talking about Responsible Care, Shroff said “Self regulation is best and one way of achieving this is by complying with the codes of Responsible Care.” He urged the industry to go greener by consuming carbo- hydrates as feedstock instead of hydrocarbons while carrying out chemical transformations.
He stated that there was a need to innovate quickly, cost effectively and collaboratively. “Electric vehicles will pose many challenges and opportunities,” he predicted.
In her brief speech, Dr. Hemlata Bagla, Principal, K.C. College, Guest of Honor, suggested that there should be a system in place that brings academic institutions and the chemical industry closer. She opined that chemical industry needs to design the college syllabus for students because training and orientation is an essential step for students.
In his inaugural address, Kashiprasad Murarka, President, ISCMA, suggested that the association should tie up with an analytical laboratory so that ISCMA members can benefit. He urged the industry to produce zero discharge of hazardous waste. He also suggested that harmonization of laboratory norms are needed for smooth functioning in chemical manufacturing.