Portal to link petrochem companies with R&D centres 

The department of chemicals and petrochemicals (DCPC) on Friday launched a technology collaboration portal (TCL) that will feature the cutting-edge technologies developed by research institutions. This portal, featuring over 1,000 industries and 40 institutions, will give access to companies to innovations of the research institutes and enable them to ask for tailor-made tech from the research institutions on the portal.

In addition, the department has announced a new data-sharing portal – ChemIndia – which will improve the policy decisions by collecting and analysing industry data. The data analysed will help the department to allocate the resources better and provide support to the sector.

Also ReadQ-comm race: Blinkit zooms past Instamart on all front

“The initiatives are part of the government’s broader strategy to bridge the gap between research centres and industry players,” said Nivedita Shukla Verma, secretary, DCPC at the Chemcon Innovation summit.

Also Read GenAI a top priority for 70 per cent of GCCs in India: EY survey Karnataka to organise venture capital connect with $17 billion investment potential MedTech sector to touch $20 billion by FY27, Govt scheme to boost domestic manufacturing ‘Markets likely in for an extended period of consolidation’

In order to push innovation, the department has recently approved five new centres of excellence (CoE) which was selected from a list of 50 high-quality central and state government universities and government organisations. These new CoEs are in addition to the existing eight CoEs which are working in areas like green transport network, sustainable green materials, sustainable polymers, next-generation bio-medical devices, etc.

Also ReadHousr in talks to raise $20–40 million in fresh funding 

The secretary also called on the industry to increase self-reliance by reducing imports and investing in research, development, and skill enhancement. 

“There is an intense global competition to capture the market. There is a growing pressure to adopt sustainable practices. We face some inherent challenges. We don’t have easy availability of raw material here. There are certain countries which are more advanced than us in technology. So there is only be a limited amount of protection that our industry could get because of the WTO regulations. I think the solution, if we really want to compete globally,

 » Read More

Related Articles

Godrej Consumer opens Rs 515 crore Chennai plant, eyes Rs 2,000 crore revenue from new facility

Godrej Consumer Products (GCPL) on Monday inaugurated its first integrated greenfield manufacturing plant in Chengalpattu district on the outskirts of Chennai, with an investment of Rs 515 crore. The facility has the potential to generate 1,000 direct and indirect jobs. Speaking on the sidelines, the company’s MD & CEO, Sudhir Sitapati, said the slowdown in

Minimalist’s expansion plans to pick up pace post HUL merger

Direct-to-consumer (D2C) skincare brand Minimalist, recently acquired by Hindustan Unilever (HUL) for Rs 3,000 crore, will leverage the FMCG firm’s vast distribution network to scale up both its domestic and international presence. The deal, which aligns with Minimalist’s expansion goals, will provide the resources needed for growth in manufacturing, research and development (R&D), and offline

Demat account additions in Feb decline to 21-month low

The addition of demat accounts in February fell to a 21-month low at 2.26 million  even though their total number surpassed the 190 million mark, according to data from CDSL and NSDL. As the stock markets have entered a correction phase since late September, the monthly addition of new demat accounts also showed a declining

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Stay Connected

0FansLike
0FollowersFollow
0SubscribersSubscribe
- Advertisement -

Latest Articles

Godrej Consumer opens Rs 515 crore Chennai plant, eyes Rs 2,000 crore revenue from new facility

Godrej Consumer Products (GCPL) on Monday inaugurated its first integrated greenfield manufacturing plant in Chengalpattu district on the outskirts of Chennai, with an investment of Rs 515 crore. The facility has the potential to generate 1,000 direct and indirect jobs. Speaking on the sidelines, the company’s MD & CEO, Sudhir Sitapati, said the slowdown in

Minimalist’s expansion plans to pick up pace post HUL merger

Direct-to-consumer (D2C) skincare brand Minimalist, recently acquired by Hindustan Unilever (HUL) for Rs 3,000 crore, will leverage the FMCG firm’s vast distribution network to scale up both its domestic and international presence. The deal, which aligns with Minimalist’s expansion goals, will provide the resources needed for growth in manufacturing, research and development (R&D), and offline

Demat account additions in Feb decline to 21-month low

The addition of demat accounts in February fell to a 21-month low at 2.26 million  even though their total number surpassed the 190 million mark, according to data from CDSL and NSDL. As the stock markets have entered a correction phase since late September, the monthly addition of new demat accounts also showed a declining

Goldman trims 12-month Nifty target to 25,500

Goldman Sachs has reduced its 12-month target for the Nifty by around 5.6% to 25,500 from the previous target of 27,000, representing around 12% potential upside from Monday’s level of 22,460. Goldman’s three-month target for the NSE benchmark is 23,000 and it expects the indice to touch 24,000 in the next six months. ALSO READAfter Goldman

India adds 25.2 GW solar capacity in 2024

India added 25.2 gigawatt (GW) of solar power capacity in the calendar year 2024, significantly higher than 8.3 GW installed in 2023, as per Mercom’s recent report on solar market. The market witnessed record installations last year surpassing annual capacity additions of all previous years. During last year, 22 GW of large-scale solar projects were