India's specialty chemicals industry which has been growing at a steady rate over the years, has further potential to grow from the present $22 billion to $80-100 billion by 2020 as even the Indian Government is putting into place, the plans and regulations to support this growth.
Jim Buckley, UBM Live's Informex Brand Director, who is in Mumbai for the InormexIndia, opening from Wednesday by UBM, said, "According to a recent study by global consulting firm McKinsey, India's specialty chemicals industry has the potential to grow from the present $22 billion to $80-100 billion by 2020. The Indian Government is putting in place plans and regulations to support this growth."
There is a need for a long term policy and strategy to boost the industry and which shall be the focus of discussion when the global industry players meet here this week. Mr. Buckley further said that the global industry is excited to be returning to India with a specialty focused event. "Our discussions during the conference will cover the latest developments in this fertile market while acting as an international networking platform designed to cater for those involved in sourcing, R&D and top-level management."
The three-day conference and exhibition will be held from September 12th to 14th at Nehru Centre, Mumbai.
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