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Ministry of chemicals to create task force to identify raw materials for pharma from petroleum by-products

Our Bureau, New Delhi
Friday, May 6, 2022, 09:30 Hrs  [IST]

Union minister of health and family welfare and chemicals and fertilisers has directed the department of chemicals and petrochemicals to constitute a Joint Task Force to identify raw materials and intermediates which could be produced as by-products of petroleum industries and refineries for the pharmaceutical and agrochemical industries.

The Minister, along with Bhagwanth Khuba, minister of state for chemicals and fertilizers and new and renewable energy, chaired a meeting with the senior officials of chemicals and petrochemicals, petroleum & natural gas and, department of science and technology, public sector undertakings and industry leaders in the petrochemical sector on May 4.

He directed the officials to constitute a Joint Task Force to identify such raw/starting materials/intermediates which are imported in high values and the country has potential to produce these chemicals through value addition of by-products of petroleum industries/refineries.

He stressed adopting the holistic approach for the chemical and petrochemical sector by creating synergies with other related stakeholders.

The Task Force will be responsible for identifying the crucial intermediates and raw materials having multiple value chain applications in specialty chemicals including pharmaceutical and agrochemical industries.

It will collectively work to promote ease of doing business by identifying solutions through research and development and making suggestions to the government. D/o Science and technology will be the nodal department for carrying out the activities of the Joint Task Force.

The Joint Task force will also facilitate the development of technology and transfer it to the industry.

Dr Mandaviya also directed that the Task Force shall prioritise the crucial chemicals in a phased manner to give a boost to the sector to make India a global champion in the chemical and petrochemical sectors.

 

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