5th Edition of ICC Sustainability Conclave 2023

The Department of Chemicals and Petrochemicals, Ministry of Chemicals and Fertilizers and Indian Chemical Council (ICC) is organizing the two days’ Conclave on the theme of “Integrating Sustainability & Business Strategy for the Chemical Industry- Addressing Challenges and Opportunities”. A press release on this conclave was issued on 2nd November, 2023.

During the conclave, the Union Minister of State for Chemicals and Fertilizers and New and Renewable Energy said that Chemical and Petrochemical Industry holds a pivotal position in our economy serving as a backbone for numerous sectors offering a diverse range of over 80000 commercial products. While the government has taken steps to reduce our reliance on imports, enhance infrastructure, and improve the business environment, it is imperative that to infuse a strong focus on chemical sustainability into this narrative of growth.

Event was facilitated by Union Minister of State for Chemicals and Fertilizers and New and Renewable Energy, Minister for Industries, Energy, and MSME, Government of Odisha, Secretary Department of Chemicals and Petrochemicals, and senior officials of the Ministry of Chemicals and Fertilizers, Officials from ICC and champions of the Industries were present on the occasion.

On this occasion, Secretary, Department of Chemicals and Petrochemicals said that with the objective of Make in India and Make for the World, Govt of India with its ‘whole of government’ approach is making all-out efforts to promote manufacturing in all the sectors. She further stated that the department is actively engaged in the promotion of the chemicals industry and enhancing the ease of doing business whenever required. India is an attractive place for investment and this is borne out by the fact that about 90% of the growth has been recorded in FDI in the chemical sector in 2021-22.

Knowledge partner for the conclave was Environment Resource Management (ERM), which is a globally renowned entity in the sector. The main focus of the conclave was to address Climate Change, Decrease Carbon Footprints, Increase Renewable Energy Utilization, and Encourage Sustainable Corporate Practices. The two-day event brought together senior representatives from Indian and Global companies, government officers, multilateral organizations, chemical industry bodies, and academic experts to discuss trending issues and opportunities, including ESG strategies, de-carbonization, net-zero transition, digital transformation, green growth, cleaner energy, safety promotion, and product stewardship beyond regulations.