The Chemical Industries Association recently organised an interactive meeting to discuss a host of problems faced by the sector in Tamil Nadu and expressed their discontent with the TN government’s policy towards the industry.
The meeting that comprised of representatives from chemical industries operating in Tamil Nadu, focused on a gamut of issues, including missed opportunities in chemical projects in the state such as the inordinate delay of the Nagarjuna Petrochemical Project in Cuddalore, that in turn affected the development of downstream petro chemical projects. In addition, the industries put forth the need to implement Liquefied Natural Gas (LNG) terminals in Tamil Nadu, that has been in the pipeline for years. Furthermore, the discussion also pointed out the increased need for research and investment in algae bio fuel and the necessity to explore herbal projects in Tamil Nadu. In addition, the industries also debated on subjects such as inability of units in Ranipet to expand capacities due to want of clearance from the state government.
The meeting also highlighted the restriction on methanol and consequent loss of investment opportunities in methanol-based industries, problems of wind power projects and the future of solar power projects that are in dire need of pricing support policy from the state government. The discussions also drew attention to the Tamil Nadu government’s ‘virtual sidelining’ of the chemical industries.
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