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Chemical
and Petrochemical Industry is the leading
sector in terms of the projects filed as well as under
implementation category as indicated by the analysis
of the investment in chemical and allied sector vis-à-vis
total industrial investment in all sector. The Chemical
Industry in Gujarat comprises of about 500
large and medium scale industrial units, about 16,000
of small scale industrial units and other factory sector
units.
Since
August 1991 upto April 2005, chemical and allied sector
accounts for an investment of Rs.1671 billion
which is 44.81% of total investment
of the state. Similarly 1642 projects
of the chemical and allied sector involving an investment
of Rs. 577.93 Billion have been commissioned/concluded
, accounting for about 53.86% share in investment of
the total projects commissioned. Also 361
projects envisaging an investment of Rs. 213
Billion are under implementation in Chemicals
and Allied Industry. The Small Scale and Factory Sector
industry in Chemical and allied field has also shown
an impressive contribution in the sub-sectors of Dyestuff
and Pharmaceuticals, Paints and Fine Chemicals producing
large number of value added products.
The
major reasons which could be attributed to such a spectacular
growth of this sector in the state are a strong base
of petrochemical industry, increasing availability of
basic feed stock, relatively low overhead cost, availability
of necessary infrastructure, trained and technical manpower
and high degree of entrepreneurship. Gujarat Industrial
Development Corporation (GIDC) has set up mega estates,
particularly for chemicals at Ankleshwar, Panoli, Vapi,
Vatwa, Jhagadia, Vilayat and Dahej to facilitate further
development and growth.
The
industry is strongly supported by industrial infrastructure
including 22 common effluent treatment plants, 5 solid
waste disposal sites, chemical terminal ports, LNG Ports,
industry specific estates and special economic zones.
The
lower per capita consumption of many important items
at present and growing middle class with increasing
purchase power constitutes an attractive market for
various products The development of Chemical and Petrochemical
Industry requires creation of basic and allied infrastructure
facilities and in view of the availability of the same,
the Indian/Gujarat Chemical Industry has opportunity
to grow within as well as outside the country. Further
the motivated entrepreneurs, pool of technical manpower
and flexibility to changes in production set up which
forms the competitive strength of the Chemical Industry
in the State and therefore, will rise to all opportunities
for development and growth in the investment.
The
Chemical Industry needs to engage in strategic partnerships
with foreign partners with a view to realise and capitalize
the latent potential. The existing technology needs
to be upgraded with the help of foreign partners. The
Chemical Industry in India/Gujarat provides a large
scope for collaboration in Technology tie-up, Process
Development, Joint Research and Development, Solid and
Liquid Waste Management and Market Access for various
sub-sectors of the industry.
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