Page 64 - Plastics News June 2023

ARTICLE

It is also observed that the Organic Chemicals has the highest export, thereafter industrial gases from the upstream
chemicals products which can be further grow if focuses on the development of cluster in India (Ref: Fig 3). Similarly,
India has huge potential for export of plastic material and resins.
Fig 3: India Export by Subcluster, 2019 in USD
Billion and its contributions
From the year 2005 to 2019, the exports from Upstream,
Downstream chemicals products and Plastic clusters
in India has been increasing from 0.1- 0.3% to 1.3- 4%
of world share and value of exports. It is observed that
chemicals and petrochemicals cluster in India still needs to
be more competitive in order to increase our share of the
export in world.

Fig 4: India’s Upstream Chemical Products Clus- Fig 5: India’s Downstream Chemical Products
ter Exports, from 2000 to 2019 (Source: ISC In- Cluster Exports, from 2000 to 2019 (Source: ISC
ternational Cluster Competitiveness Project) International Cluster Competitiveness Project)

Fig 6: India’s Plastics Cluster Exports, from
2000 to 2019 (Source: ISC International
Cluster Competitiveness Project)

For the sustainable development of Chemicals Cluster in India for Make in India and Make for World in chemicals and
petrochemicals sector, there is a need to develop the dedicated strategy for manufacturing hub in this industry. We
need to work on the following aspects to project ourselves as manufacturing chemicals and petrochemicals hubs and
becomes dominant in chemicals and petrochemical supplier.
1) Regulatory Reforms: The Indian government has implemented several regulations to promote the safe, reliable
and sustainable production of chemicals and petrochemicals. These include regulations related to human, plant
and animal health, safety and environment.

64 PLASTICS NEWS June 2023