1Asst. Professor, Sinhgad Institute of Management & Computer Application, Narhe, Pune
2Research Guide, Sinhgad Institute of Management & Computer Application, Narhe, Pune
Online published on 20 May, 2016.
Over the last fifteen years the Indian chemicals industry has graduated from manufacturing principle chemicals in a highly regulated market to being a mature industry in a liberalized economy. Until 1991, India had a closed economy, with the domestic chemical industry enjoying protection in the form of differential import duties on raw materials and finished chemical products. Chemical manufacturing was largely controlled by licensing regulations. The chemical industry is among the fastest growing ones in India. The bulk of chemicals produced in India comprise either upstream products or intermediates, which go into a variety of manufacturing applications including fertilizers, pharmaceuticals, textiles, plastics, agrochemicals, paints and dyes. The manufacture and marketing of chemicals will continue to offer substantial employment opportunities both for skilled and unskilled persons. It generates indirect employment for the chemicals, engineering and transport industry. With the additional emphasis on exports, there will be new opportunities in logistics and marketing as well. With the help of cluster development and partnership with educational and research institutions especially, in emerging areas such as biotech, pharmaceuticals and speciality chemicals, the new product innovation/development takes place very easily Setting up of Chemical parks or Mega Chemical Estate, the industry may be encouraged to set up mega chemical plants that could contribute to increased production as well as employment generation. With the help of Eco-Friendly technology, Industry should evolve clean development mechanism and emphasize on utilization of production process, where bi-product formulation is minimized and the waste generated is bio-degradable to minimize the pollution. The solvents are recycled in the process and the industry should achieve the target of zero effluent, which will go a long way to keep the environment clean. Legislations governing the chemical industry into one Integrated Chemical Legislation. This legislation should cover the entire life cycle of chemicals. This will act as REACH like legislation for safe use of chemicals for protection of human health & environment
fertilizers, pharmaceuticals, textiles, plastics, agrochemicals, Legislations health & environment
