动态世界中的可持续发展：化工行业的战略与运营要务

October 2025 Message from ICC Ramya Bharathram President, ICC and Managing Director & CFO,Thirumalai Chemicals Ltd Sustainability now serves as the foundation upon which the chemicalindustry builds its future—championing innovation, reducingenvironmental impact, and strengthening community ties. This shift Aligned with the Government of India's LiFE (Lifestyle for Environment)initiative, the chemical industry is uniquely positioned to catalyse andbehavioural and systemic shifts toward sustainable production andconsumption. Its contributions reinforce the nation's broaderdevelopmental priorities—ranging from green growth and industrialresilience to environmental preservation. The current dependence on I commend ICC and its members for their continued commitment tosustainability-led growth. May this Conclave spark transformativedialogue, forge impactful partnerships, and inspire forward-looking Message from ICC D Sothi SelvamDirector General As the global economy navigates the dual imperatives of growth andresilience, sustainability has emerged not just as a guidingprinciple—but as a competitive differentiator for industries worldwide.Nowhere is this more evident than in the chemical sector, whereinnovation, efficiency, and environmental responsibility intersect incomplex and meaningful ways. India, with its dynamic industrial ICC remains committed to driving sustainable transformation,promoting knowledge exchange, and facilitating partnerships thatstrengthen the sector's global competitiveness. This conclave is areaffirmation of ICC's enduring commitment to progress that is mindful, I convey my best wishes to ICC, its partners, and all participants for asuccessful and impactful conclave. Foreword from PwC India is on its path to achieve the government's vision of Viksit@2047 and the chemicals sector could play acrucial part in the industrial reform and growth due to the sector's linkages across sectors such as agriculture,food and beverages, textiles, rubber and petroleum refining. This sector already contributes ~7% of GDP and The Indian chemicals industry aims to establish itself as a trusted manufacturer and supplier to the world.However challenges such as emerging tariff orders, import dependence on some raw materials, technologytransfer barriers, infrastructure enhancement, regulatory reforms and incentives and sustainable R&D Broadly the report outlines imperatives across the following: Innovation and operational excellence:Focus on innovation through platform-molecule strategies, processoptimisation, green chemistry and collaborative R&D ecosystem. Operating equipment effectiveness and R&D Supply chain and infrastructure configuration:It is imperative to have secure supply chains and indigenisedto the extent possible. This can be achieved by strategic investment in plastic parks, logistics improvements and Sustainable finance and markets transition:There is a shift from sustainability compliance to buildingsustainable growth enablers which align across global standards, leverage green capital sources and incorporatecarbon market economics. Additionally, there is an increased focus towards bio-based and recycled product Together, these can provide a strategic framework for growth and help the Indian chemical industry become asignificant and sustainable contributor not just for the domestic economic growth but also for enhancing the PwC India and ICC have developed this knowledge paper to explore these key imperatives which can make Indiaa growth hub for chemicals. We hope that you find the report to be informative and insightful. Manas Majumdar Partner and Energy and Chemicals Leader Sandeep MohantyPartner, Sustainability Transformation Mukund DevnaniManaging Director, ChemicalsPwC India Contents 010203040506Executive summary06Introduction: India's chemical industry07Securing the supply chain17Innovation and R&D:30Driving sustainable chemical solutionsOperational excellence:37Technology and implementationSustainable transformation: Leveraging45standards, finance and market opportunitiesConclusion63 Executive summary India's chemical industry is undergoing a profound transformation. The industry has the potential to become a strategicpillar of national growth and establish itself as a strong contender in global sustainable manufacturing. Chapter 1highlights the sector's foundational role in supporting over 80,000 downstream products across pharmaceuticals, agriculture, energy, and consumer goods. Contributing approximately 7% to India's GDP, the industry is projected to In Chapter 2, we see that securing and localising the chemical supply chain is critical to sustaining India's industrial momentum. With chemical imports valued at $85.41 billion in 2023,3India faces both a challenge and an opportunityto build self-reliance. Strategic infrastructure investments—such as Petroleum, Chemicals and PetrochemicalsInvestment Regions (PCPIRs), Plastic Parks, and logistics reforms un