Avers Mr. Ajay Durrani, Managing Director, Covestro (India) Private Limited, By 2025, we want to spend 80 per cent of our research and development expenditure in areas that contribute to the Sustainable Development Goals. Currently, Covestro is providing full support for the second year of the Young Champions of the Earth competition, a global competition sponsored by Covestro that aims to identify, support and celebrate outstanding individuals aged 18-30 who have big ideas to protect or restore the environment.
What is your view on the government’s ‘Make in India’ initiative? As a key player in specialty chemicals, how you think this initiative catapulted India into top manufacturing economies? What, according to you, are key hurdles in the path of ‘Make in India’ initiatives?
Make in India has been a great initiative from the government. It has not only given the required impetus to various sectors, but is going to help India in the long run having benefitted various sectors like aerospace, biotechnology, food processing, FDI, chemical, tourism, railway, textile and many more. It has also helped the industry in getting seamless & quick support from the government by eliminating old irrelevant obstacles in the manufacturing sector.
Make in India created a platform and a welcoming environment for commercial sectors from all around the world, to engineer their products in India and sell them anywhere they wish. Due to this fact companies from across the globe making a huge investment in this project, and have thrived successfully, making India a hub for the manufacturing companies.
Lack of skilled labour, access to easy credit and regulatory compliance stands as one of the biggest impediments to the Make in India scheme. A major section of the manufacturing sector comprises of MSME. These companies have faced some issue with respect to funding and operation due to the twin impacts of GST and demonetization. Credit continues to be a key issue for them, and India’s banking system is not in a position to lend much unless its balance sheets are cleared. Though things are improving now, the government would need to provide adequate support.
This story is from the Chemical Engineering World June 2018 edition of Chemical Engineering World.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber ? Sign In
This story is from the Chemical Engineering World June 2018 edition of Chemical Engineering World.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Sign In
Vacuum Technology In The Chemical Industry
For many economic sectors, the chemical industry is an indispensable supplier of raw materials. The automotive industry, mechanical engineering, plastics, foodstuff, glass, or building materials industries, for example, are all reliant on substances that are produced by the chemical industry. Plastics or synthetic resins, which are used as the basis for coatings or foams, play by far the most important role. These are employed in a countless number of end products that we use daily. Vacuum technology is crucial for a large part of these applications in the chemical industry.
More Than One Valve Or Pump Choice For Every Application
With hundreds of different types of valves in the industry today and thousands of manufacturers globally how do you know which is the best product for your process? Chances are that there may be several good alternatives that could serve you well with a high mean time between failure (MTBF). But the solution is not always 100 per cent clear. The reason there is not a one size fits all. Solution is that every process has variables. The variables can be numerous and certain types of valves will perform better in one set of variables than another. It is often not as simple as just the pressure, temperature and the medium.
Failure Of Double Wall Jacketed Piping In Refineries: Causes And Prevention
The application of double wall jacketed pipeline in sulfur recovery units of refinery plays a major role in productivity of sulfur. The sulfur content in crude oil may contain 0.22 wt% as obtained by detailed assay report. This sulfur has been extracted from various hydrocarbon processing units as sour water. Further the sour water processed in sulfur recovery unit to produce sulfur in solid powder form. The molten sulfur condenses via sulfur condensers to produce solid sulfur. The molten sulfur transferred to double wall jacketed pipeline and its failure case study is discussed. An improper design results in internal and external corrosion of internal core pipe deteriorate the pipe within five years. Root cause is analyzed and possible ways to mitigate similar failures is suggested.
ARC's Sixteenth India Forum Focuses On Digitization
ARC Advisory Group's sixteenth India Forum for the process and discrete industries, titled Digitizing and Securing Industry, Infrastructure, and Cities from July 5-6, 2018, Bangalore, India attracted over 250 delegates.
B&R Celebrates 20 Years Of Growth & Innovation With Customers
To mark a glorious milestone of 20 years in India, B&R Industrial Automation, recently organised ‘CEO summit 2018’, which bought together CEOs from leading companies in machine building for an evening of business presentations, talk from renowned leadership speaker and candid conversations.
B&R Organized A Conference On Next Generation Automation Technologies in Mumbai
B&R Industrial Automation has reached an exciting milestone as the company celebrates 20 years of delivering innovative technology and solutions to the Indian manufacturing industry.
Simon India & Belgium's Ecophos Forge Global EPC Partnership
EcoPhos has chosen Simon India as the EPC contractor which will provide its Engineering and Procurement services, for Rs 550 crore project, which is scheduled for completion by 2019.
Covestro - Making Sustainable Choices
Avers Mr. Ajay Durrani, Managing Director, Covestro (India) Private Limited, By 2025, we want to spend 80 per cent of our research and development expenditure in areas that contribute to the Sustainable Development Goals. Currently, Covestro is providing full support for the second year of the Young Champions of the Earth competition, a global competition sponsored by Covestro that aims to identify, support and celebrate outstanding individuals aged 18-30 who have big ideas to protect or restore the environment.
More Efficiency, More Communication
Process and factory automation: APROL R 4.2 offers numerous new software functions.
B&R Joins Huawei's OPC UA TSN Testbed
Practical testing for seamless smart factory communication.
