Chemical and Pharma industries and business owners from the city vowed to boost exports by Rs 17,593 crore in an event that was organized by Southern Gujarat Chamber of Commerce and Industry (SGCCI) on Saturday.
“While it is in the culture of businessmen to pledge together for a target oriented goal, the government is set to introduce a Rs 14 lakh crore PLI scheme. It is preparing a clear vision towards this with reforms in Acts and policies,” Union minister for health and family welfare, chemicals and fertilizers Mansukh Mandaviya told the business leaders, adding that medical parks and bulk drug parks are also being developed.
“Today chemical and pharmaceutical industry leaders have pledged to increase exports by Rs 17,593 crore. In next events textile, diamond, gem and jewellery, solar, information technology, engineering and defence product industry will join the efforts,” Vaghasia added.
Mandaviya asked industry leaders to identify location and get its valuation done to develop the chemical zone in south Gujarat.
“A special purpose vehicle can be formed for this and the government will become a partner in it. Later governments may leave the body with equity. We are exploring this model in the chemical industry,” the minister added.
SGCCI president Ramesh Vaghasia said, “PM Narendra Modi has appealed to make India a US $5 trillion economy and to boost exports to US $1 trillion by 2027. SGCCI is making various efforts to achieve this target.”
The business and industry leaders have shared their concerns related to anti-dumping duty by China, subsidy schemes for various industries, anti dumping duty on chemical import and business with Africa in Indian rupees. The concerns were invited from industries by SGCCI online and a selected few were shared with Mandaviya during the event.