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India’s Chemical Sector Poised for Industrial Expansion and 10 Million New Jobs by 2040

India’s chemical industry is emerging as a major pillar of industrial growth, manufacturing expansion, and employment generation, with the potential to create nearly 10 million jobs by 2040. According to DCPC Secretary Ms. Nivedita Shukla Verma, rising domestic demand, increasing exports, global supply-chain diversification, and strong policy support are positioning India as a preferred manufacturing destination for the global chemical sector.

Chemical Sector Driving Industrial Expansion

India’s chemical industry plays a critical role in supporting key sectors and strengthening the country’s manufacturing ecosystem.

Key Highlights:

  • Employment Potential: Chemical sector could generate 10 million jobs by 2040
  • Industrial Growth Driver: Strong contributor to manufacturing and economic development
  • Global Position: India among the world’s largest chemical producers and consumers
  • Export Opportunities: Growing international demand supporting export expansion
  • Manufacturing Advantage: India emerging as an alternative global manufacturing hub
  • Supply Chain Diversification: Global companies exploring India for resilient production ecosystems

Key Industries Supported by Chemicals

The chemical sector contributes significantly to several downstream industries:
  • Pharmaceuticals
  • Textiles and Apparel
  • Agriculture and Fertilizers
  • Automotive Manufacturing
  • Infrastructure Development
  • Consumer Goods Production

Future Growth Areas

India’s chemical industry is witnessing growing investments and technology adoption across emerging segments.
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India–Nordic Partnership Drives Growth in Green Technology and Future Industries

The 3rd India–Nordic Summit in Oslo marked a major milestone in India’s engagement with Nordic nations, elevating bilateral relations to a Green Technology and Innovation Strategic Partnership. The strengthened collaboration reflects India’s growing role in global climate action, technology development, trade partnerships, and digital transformation, while creating new opportunities for innovation-led economic growth.

Strategic Partnership Gains Momentum

India and Nordic countries including Denmark, Norway, Finland, Iceland, and Sweden discussed expanding cooperation across several high-growth sectors to strengthen economic and strategic ties.

Key Highlights:

  • Strategic Upgrade: India–Nordic relations elevated to a Green Technology and Innovation Strategic Partnership
  • Participating Countries: India, Denmark, Norway, Finland, Iceland, and Sweden
  • Trade & Investment: Stronger focus on expanding bilateral trade and investment opportunities
  • Digital Collaboration: Cooperation in AI, digital infrastructure, and digital transformation initiatives
  • Green Economy Focus: Expansion of blue economy, circular economy, and renewable energy projects
  • Climate Action: Support for India’s renewable energy and sustainability goals
  • Technology Partnerships: Collaboration in space, defence, healthcare, and advanced technologies
  • Research & Education: Enhanced partnerships in education, talent mobility, and innovation research

Focus on Global Trade and Supply Chains

The joint statement highlighted support for a rules-based global order, WTO-centered trade systems, and resilient supply chains. Leaders emphasized that recent agreements could strengthen market access and diversify global value chains.
Trade and Connectivity Developments:
  • India–EU FTA: Expected to enhance trade and improve market opportunities
  • India–EFTA TEPA: Creates stronger institutional support for economic cooperation
  • Supply Chain Resilience: Focus on diversified and secure global value chains
  • New Market Access: Agreements expected to unlock business opportunities across sectors
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India–Italy Strategic Collaboration Advances IMEC Connectivity and Maritime Growth

India and Italy have strengthened their Special Strategic Partnership by expanding cooperation across maritime connectivity, trade, technology, investment, and infrastructure development. Both countries reaffirmed support for the India–Middle East–Europe Economic Corridor (IMEC) and signed major agreements aimed at improving global connectivity, supply chain resilience, and innovation-driven growth.

Key Highlights

  • Strategic Partnership Upgrade: India and Italy elevated relations to a Special Strategic Partnership
  • IMEC Commitment: Reaffirmed support for the India–Middle East–Europe Economic Corridor (IMEC)
  • Maritime MoU Signed: Agreement on Maritime Transport and Ports cooperation
  • Joint Working Group (JWG): Established to accelerate implementation and identify priority projects
  • Trade & Investment Growth: Stronger focus on bilateral investments and economic cooperation
  • India–EU FTA: Identified as a major opportunity to boost trade and business ties
  • Technology Collaboration: Expanded discussions on AI, digital infrastructure, science, and innovation
  • Emerging Sectors: Cooperation in critical minerals, clean energy, space technology, and civil nuclear sectors
  • Maritime Infrastructure: Focus on port modernization, logistics, and shipping connectivity
  • Supply Chain Resilience: Shared vision for diversified and efficient global trade networks
  • Advanced Manufacturing: Increased collaboration in industrial growth and innovation ecosystems
  • People-to-People Ties: Focus on education, cultural exchanges, and stronger bilateral relations
  • Future Connectivity Goal: Develop secure and sustainable transport ecosystems supporting IMEC
  • Long-Term Vision: Strengthen global competitiveness, innovation, and strategic economic cooperation
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Digital Economy to Drive 20% of India’s GDP by 2030, Says NCIIPC DG

India’s digital economy is projected to contribute nearly 20% to the nation’s GDP by 2030, highlighting the country’s rapid progress in digital transformation and technology-driven growth. According to NCIIPC Director General Mr. M. U. Nair, the expansion of India’s digital ecosystem is being powered by increasing internet penetration, Digital Public Infrastructure (DPI), Aadhaar, UPI, and widespread adoption of emerging technologies. These initiatives have transformed interactions among citizens, businesses, and government institutions while creating significant opportunities for innovation, entrepreneurship, digital investments, and economic development. The rise of technologies such as Artificial Intelligence (AI), cloud computing, data analytics, and the Internet of Things (IoT) is expected to accelerate digitalisation across industries and generate substantial economic value. As dependence on digital platforms continues to increase, cybersecurity and critical information infrastructure protection are becoming essential for sustainable growth and national resilience.
India’s expanding startup ecosystem, digital payments landscape, and technology investments are expected to strengthen its ambition of becoming a multi-trillion-dollar digital economy, improving productivity, competitiveness, and inclusive growth across sectors.

Key Highlights

  • Digital Economy Contribution: Expected to reach 20% of India’s GDP by 2030
  • Major Growth Drivers: Aadhaar, UPI, and Digital Public Infrastructure (DPI)
  • Emerging Technologies:Artificial Intelligence (AI), Cloud Computing, IoT, and Data Analytics
  • Cybersecurity Focus: Strengthening critical information infrastructure and digital trust
  • Growth Catalysts: Startup ecosystem, digital payments, and technology investments
  • Economic Benefits: Increased innovation, productivity, and entrepreneurship opportunities
  • Long-Term Vision: Building a multi-trillion-dollar digital economy
  • Strategic Goal: Enhancing competitiveness, digital transformation, and inclusive growth
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PSA Mumbai and CONCOR Sign Agreement to Enhance Integrated Rail Logistics Network

PSA Mumbai and Container Corporation of India Limited (CONCOR) have signed a Memorandum of Understanding (MoU) to enhance rail-based cargo transportation and multimodal logistics connectivity across India. The partnership aims to leverage the infrastructure strengths of both organizations to improve cargo efficiency, seamless port connectivity, and sustainable freight movement between ports and inland destinations.

Strengthening Multimodal Logistics and Rail Connectivity

The collaboration combines PSA Mumbai’s port infrastructure with CONCOR’s extensive logistics network to support faster and more efficient cargo movement across India.

Key Highlights:

  • Strategic MoU Signed: PSA Mumbai and CONCOR formalized collaboration on 15 May
  • Leadership Participation: Agreement signed in the presence of senior leadership from PSA International and CONCOR
  • Rail-Based Cargo Focus: Partnership aims to strengthen container transportation through rail services
  • Extensive Network Access: Connectivity with CONCOR’s network of 68+ ICDs and domestic terminals
  • Enhanced Port Connectivity: Improve seamless cargo movement between PSA Mumbai and inland locations
  • Scheduled Train Services: Plan to operate dedicated container train services subject to approvals
  • Domestic & Customs Cargo Movement: Support movement of domestic, cabotage, and customs-cleared containers
  • Multimodal Logistics Growth: Strengthen integration of port, rail, and inland logistics infrastructure
  • Reduced Road Congestion: Increased use of rail expected to ease transportation pressure on highways
  • Faster Turnaround: Improve cargo handling efficiency and transit times
  • Cost-Effective Transport: Rail movement to provide optimized logistics costs
  • Sustainable Logistics: Promote greener and environmentally efficient cargo transportation solutions

Supporting India’s Logistics and Supply Chain Vision

The PSA Mumbai–CONCOR partnership highlights the growing role of rail-led multimodal logistics solutions in improving supply-chain efficiency and supporting India’s broader trade and infrastructure growth objectives.
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Adani Krishnapatnam Port Successfully Dispatches 53,300 MT Maize Export Cargo

Adani Krishnapatnam Port Limited (AKPL) has successfully flagged off MV Parvaraj carrying 53,300 MT of maize, marking a major milestone in India’s agricultural export and logistics sector. The shipment reinforces AKPL’s growing role in supporting agri-trade, strengthening export connectivity, and creating better market opportunities for farmers across Andhra Pradesh.

Boosting Agricultural Exports and Farmer Connectivity

The large-scale maize shipment comes amid a bumper maize harvest season, highlighting the increasing need for efficient cargo evacuation, storage, and export infrastructure to connect domestic production with global demand.

Key Highlights:

  • Major Export Milestone: MV Parvaraj successfully dispatched with 53,300 MT maize cargo
  • Port Operations: Shipment flagged off from Adani Krishnapatnam Port Limited (AKPL)
  • Agricultural Export Support: Strengthens India’s agri-export and trade ecosystem
  • Farmer Benefits: Helps improve access to international markets and export opportunities
  • Harvest Season Support: Addresses logistics requirements during bumper maize production
  • Bulk Cargo Capability: Demonstrates AKPL’s large-volume cargo handling expertise
  • Integrated Logistics Infrastructure: Supported by warehousing, multimodal transport, and supply chain efficiency
  • Deep Draft Advantage: Port infrastructure enables handling of high-capacity vessels
  • Faster Cargo Movement: Improved turnaround times and streamlined export operations
  • Cost Efficiency: Offers optimized logistics and transportation solutions for exporters
  • Rural Economic Impact: Creates value for farmers, exporters, and local communities
  • Trade Growth: Reinforces Andhra Pradesh as a key agricultural export hub

Supporting India’s Agri-Export Vision

AKPL continues to strengthen India’s agricultural value chain through efficient port infrastructure, export connectivity, and logistics innovation. The initiative supports broader goals of trade-led rural development, farmer income growth, and expanding India’s global agricultural presence.
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India Targets US$ 1 Trillion Exports by FY27 with FTAs and Manufacturing Growth Push

India is accelerating its global trade ambitions with a target of Rs. 96.30 lakh crore (US$ 1 trillion) in exports by FY27, according to Union Commerce and Industry Minister Mr. Piyush Goyal. Speaking at the launch of the Bharatiya Vyapar Mahotsav in New Delhi, the Minister emphasized that achieving the export milestone is central to the vision of Atmanirbhar Bharat and India’s long-term economic growth strategy. India recorded exports worth Rs. 75.94 lakh crore (US$ 863 billion) in FY 2025–26, registering nearly 5% growth despite global challenges such as geopolitical tensions and trade uncertainties. The government is strengthening Free Trade Agreements (FTAs) with nearly 38 developed countries to improve market access and boost Indian exports globally. The initiative also focuses on import substitution, domestic manufacturing, Swadeshi initiatives, startup participation, and improving trade infrastructure. Enhanced logistics, ease of doing business, and expanding export opportunities are expected to strengthen India’s competitiveness in global markets. Additionally, India’s services exports reached a record US$ 421.32 billion, while merchandise exports stood at US$ 441.78 billion, highlighting the country’s growing role in international trade and manufacturing.

Key Highlights

  • FY27 Export Target:US$ 1 Trillion
  • Five-Year Export Goal: US$ 2 Trillion
  • FY 2025–26 Total Exports: US$ 863 Billion
  • Export Growth: Nearly 5% year-on-year
  • FTAs Planned: Agreements with nearly 38 developed countries
  • Services Exports: US$ 421.32 Billion (record high)
  • Merchandise Exports: US$ 441.78 Billion
  • Government Focus Areas: Logistics, manufacturing, ease of doing business, and export ecosystem expansion
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DBGT Achieves Landmark Success with M.V. MSC Marianna Mainline Vessel Operations at Tuticorin Port

Dakshin Bharat Gateway Terminal (DBGT) has achieved a major operational milestone with the successful handling of the mainline container vessel M.V. MSC Marianna at Tuticorin Port. The vessel’s arrival highlights DBGT’s growing capability in managing large container ships, enhancing port efficiency, and strengthening international trade connectivity, reinforcing Tuticorin’s position as an emerging maritime and logistics hub.

Strengthening Port Infrastructure and Operational Excellence

The successful vessel call reflects DBGT’s advanced infrastructure, operational expertise, and ability to support growing cargo volumes and global shipping requirements.

Key Highlights:

  • Major Operational Milestone: DBGT successfully handled M.V. MSC Marianna
  • Vessel Arrival Date: Berthed at DBGT on 17 May 2026
  • Large Vessel Capacity: Ship measures 304 meters LOA with 6,724 TEU capacity
  • International Route: Vessel arrived from Veracruz, Mexico
  • Port Capability Enhancement: Demonstrates DBGT’s ability to manage large mainline vessels
  • Maritime Infrastructure Strength: Reinforces advanced marine and terminal operations
  • Global Shipping Connectivity: Strengthens Tuticorin’s role in international trade routes
  • Port Authority Support: Backed by the V.O. Chidambaranar Port Authority’s modernization initiatives
  • MSC Liner Partnership: Re-routing of mainline mega vessels boosts DBGT’s international network
  • Operational Readiness: Highlights safe, seamless, and efficient cargo handling capabilities
  • EXIM Community Support: Collaboration from shipping and logistics stakeholders contributed to success
  • Team Performance: Efficient planning and execution ensured smooth vessel operations

Tuticorin Emerging as a Strategic Maritime Hub

The successful handling of M.V. MSC Marianna further strengthens Tuticorin’s position as a preferred destination for global shipping, container trade, and integrated logistics services. DBGT continues to focus on infrastructure growth, operational efficiency, and service reliability to support India’s evolving maritime ecosystem.
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Hapag-Lloyd–Greta Shipping Partnership Revives India–Gulf Trade Route

Hapag-Lloyd and Greta Shipping have relaunched their India–Middle East Gulf shipping cooperation through a revised India–Gulf 1 (IG1) service, strengthening regional trade and maritime connectivity. The updated route replaces the suspended JIX1/IG1 network and introduces a simplified service model designed to improve operational efficiency and support trade flows between India and the Gulf region.

Service Network Relaunched with Optimized Route

The revised India–Gulf service features a shorter and more streamlined rotation to enhance reliability and shipping efficiency across key ports.

Key Highlights:

  • Service Relaunch: Hapag-Lloyd and Greta Shipping restart India–Gulf 1 (IG1) operations
  • Network Replacement: New service replaces the suspended JIX1/IG1 network
  • Optimized Route: Simplified four-port shipping rotation introduced
  • Port Rotation: Kandla → Nhava Sheva → Khor Fakkan → Kandla
  • Gulf Hub: Khor Fakkan, UAE designated as the Gulf turning point
  • Vessel Deployment: Two ships with approximately 2,600 TEU capacity assigned to the route
  • Improved Efficiency: Shorter route designed to support operational flexibility
  • Regional Trade Support: Service expected to strengthen India–Middle East cargo movement
  • Maritime Connectivity: Enhanced shipping links between Indian and Gulf ports
  • Supply Chain Impact: Improved service reliability for regional logistics networks

Focus on Trade and Logistics Efficiency

The updated shipping network reflects efforts to improve maritime logistics, supply chain resilience, and trade connectivity amid evolving regional conditions. The revised route is expected to provide faster transit and improved efficiency for cargo movement between India and Gulf markets.
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India–Netherlands Partnership Advances with New Deals in Technology, Energy and Education

India and the Netherlands have strengthened their bilateral relationship by signing 17 strategic agreements and MoUs during Prime Minister Mr. Narendra Modi’s visit, expanding cooperation across semiconductors, technology, clean energy, education, healthcare, agriculture, and migration. Both countries adopted the India–Netherlands Strategic Partnership Roadmap 2026–2030, designed to enhance collaboration in trade, innovation, global partnerships, and advanced technologies. Major agreements included a partnership between Tata Electronics and ASML to support semiconductor manufacturing in Dholera, Gujarat, and an MoU on critical minerals cooperation. The two nations also expanded collaboration in renewable energy, green hydrogen, water management, healthcare, and agricultural innovation, reflecting a shared commitment to sustainable development and economic growth. Additional initiatives in education, customs cooperation, and technology partnerships are expected to strengthen trade relations and position both countries as key partners in innovation and advanced manufacturing ecosystems.

Key Highlights

  • Total Agreements Signed: 17 strategic agreements and documents
  • Strategic Roadmap: India–Netherlands Partnership Roadmap 2026–2030 adopted
  • Semiconductor Partnership: Tata Electronics–ASML collaboration for Dholera, Gujarat
  • Critical Minerals: New MoU signed to strengthen supply chain cooperation
  • Renewable Energy Focus: Collaboration on green hydrogen and clean energy projectsgned to strengthen supply chain cooperation
  • Water Management: Technical cooperation for Gujarat’s Kalpasar Project
  • Agriculture Initiative: New Indo-Dutch Centres of Excellence for floriculture and dairy training
  • Healthcare Collaboration: Partnership involving ICMR and Dutch public health institutions
  • Education Partnerships: Academic cooperation with Nalanda University and the University of Groningen
  • Trade & Mobility: Agreements on migration, customs cooperation, and trade facilitation
  • Cultural Cooperation: Return of historic Chola Dynasty copper plates to India
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