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Key Points

5 points
1

Current market size: about $220 billion.

2

Target market size: $1 trillion by 2040; $1.6 trillion by 2047.

3

Event attendance: over 5,000 participants.

4

International partners: Japan, United States, Canada, United Kingdom, European Union, South Korea, Association of Southeast Asian Nations.

5

Focus areas: specialty chemicals, agrochemicals, infrastructure, sustainability, and new technology.

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Summary

Union Minister JP Nadda described the sector as a ‘sunrise’ industry that can drive the country’s long‑term economic goals, known as Viksit Bharat.

The India Chemicals 2026 event in Mumbai gathered more than 5,000 visitors, including leaders from Japan, the United States, Canada, the United Kingdom, the European Union, South Korea and several Asian nations.

Key topics included expanding investment, improving competitiveness, developing specialty chemicals, farm chemicals, and ensuring environmental sustainability.

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New Words to Learn

8 words
petrochemicals
materials produced from oil and natural gas that are used to make plastics, fuels, and many everyday items.
sector
a specific part of the economy that focuses on similar activities.
Viksit Bharat
the idea of a developed and prosperous India by the year 2047.
competitiveness
the ability to compete successfully with other countries or companies.
specialty chemicals
chemicals designed for particular high‑tech or specialized uses.
agrochemicals
chemicals such as fertilizers and pesticides that help farmers grow crops.
sustainability
using resources in a way that does not damage the environment and can continue for a long time.
infrastructure
the basic physical systems like roads, factories, and power plants that support an industry.
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