Saturday, Dec 9 2023 | Time 23:04 Hrs(IST)
Business Economy

Stakeholders call for self-reliant, cost-effective shift in chemicals sector

Thiruvananthapuram, Sep 22 (UNI) The chemicals sector in the country needs to be more self-reliant and cost-effective to bring down its dependence on external sources by strengthening the collaboration between research and development institutions and industry, say industry stakeholders.
They were speaking at the Industry Connect meet on ‘Chemical Synergy: Bridging Industries with Synthetic Expertise,’ organised by CSIR-National Institute for Interdisciplinary Science and Technology (CSIR-NIIST)on its campus at Pappanamcode on Saturday.
ElixGlobal Mentor Dr Srinivas Lanka and Crystal Crop Protection Ltd., VP-R&D, Dr Rajeev R Jha, were the guests of honour at the function, which also featured Dr Santosh Nandan, Managing Director, Ambernath Organics Pvt Ltd.
Setting the context for deliberations, Dr C Anandharamakrishnan, Director, CSIR-NIIST, Thiruvananthapuram, highlighted India’s significant role as an exporter of chemicals, especially specialty chemicals.
In his address, Dr. Lanka emphasized the need to minimize dependence on external sources like China and called for self-reliance in the chemicals sector. He noted the importance of developing cost-effective methods for drug intermediates, identifying flow chemistry and enzyme technologies as promising areas for immediate exploration.
Stressing on the necessity to keep costs low while developing agrochemical molecules, Dr. Jha called for a collaborative approach involving both scientists and engineers from the onset to address potential challenges, including environmental considerations.
Dr. Nandan explained the importance of data collection of chemical reactions to create a comprehensive database. He also urged for economic considerations in research, besides stressing on the importance of reproducibility in scientific endeavours.
Panel discussions on various topics ranging from chemical and pharmaceutical sector, exploring the untapped potential within India’s specialty and fine chemicals landscape to R&D hurdles in the chemicals and pharmaceuticals industry were also held.
More News

DOMS Industries to come out with IPO of Rs 1,200 cr

09 Dec 2023 | 5:21 PM

Mumbai, Dec 9 (UNI) DOMS Industries Limited will come out with the initial public offering to raise Rs 1,200 crore.

see more..

Dorby unveils ‘Vesta' collection in laminates

09 Dec 2023 | 5:07 PM

Kolkata, Dec 9 (UNI) Dorby, India’s leading surface decor brand working towards bringing creative ideas to life, has unveiled ‘Vesta,’ its new laminate collection, amid the grande festive season.

see more..

Tata group seeks approval for Rs 40k crore semiconductor plant

08 Dec 2023 | 11:47 PM

Guwahati, Dec 8 (UNI) Tata Group has applied to establish a semiconductor processing plant in Assam with an investment of Rs 40,000 crore, Assam chief minister Himanta Biswa Sarma said on Friday here.

see more..
Centre bans onion export till March 2024 to keep inflation in check

Centre bans onion export till March 2024 to keep inflation in check

08 Dec 2023 | 8:38 PM

New Delhi, Dec 8 (UNI) Seeking to maintain sufficient stock of onions and keep inflation in check ahead of Lok Sabha election early next year, the government has banned exports of onions till March 2024.

see more..

Hydro power major THDCIL signs MoU for water sports academy

08 Dec 2023 | 8:21 PM

Dehradun, Dec 8 (UNI) State-owned THDC India Ltd (THDCIL) on Friday announced the signing of a Memorandum of Understanding (MoU) with the Indian Kayaking & Canoeing Association (IKCA), Uttaranchal Olympic Association (UOA), and the Department of Yuva Kalyan and Sports, Government of Uttarakhand to set up THDCIL Water Sports High Performance Academy at Koteshwar, Tehri.

see more..