Dow India Banks on Innovation to Propel Growth in India
- Company collaborates with over 300 customers to outline next generation priorities
- Emphasises on local R&D and collaboration across government, industry and academia
Over the last 60 years of its business in the country, Dow India has been driving innovations at the intersection of material sciences to address challenges such as need for sustainable infrastructure, recyclable packaging, need for clean water, clean energy generation and conservation, and increasing agricultural productivity. The event was a step forward in this collaborative growth journey, with its customers in the country. The event saw leaders from industries like infrastructure, agriculture, consumer goods, personal care, pharmaceuticals ideate and brainstorm on the ways of making India the innovation hub of the world.
The keynote address was delivered by Mr. Rajeev Kapoor, Secretary, Department of Chemicals and Petrochemicals, Ministry of Chemicals and Fertilizers, Government of India. In his address, Mr. Kapoor highlighted importance of innovation in an era of disruptions and the need for pushing the growth levers of manufacturing in India to the next level. He said, “The Indian chemical industry needs to create an ecosystem that promotes Research and Development (R&D). We as a country have unique challenges – and addressing these will require local effort, resources and investments. One of the most important areas of focus should be reducing import dependence for feedstock.”
Mr. Kapoor called out to Dow India and its peers present in the audience and encouraged them to bring their technological expertise into the country. “It is important that the Government and industry collaborate to outline the sector priorities and work with each other in addressing oncoming challenges.”
Over 300 eminent CXO-level leaders from top manufacturing companies in the country, were joined by the top brass of leadership of the company. The event included three panel discussions on themes of Circular Economy, Breakthrough Innovations: Fortune at the Bottom of the Pyramid, and Innovation Ecosystem of India. The panel discussions alternated with Dow global leaders sharing best-practices from across the world in their area of expertise.
Asserting his optimism for the country, Mr. Heinz Haller, Executive Vice President and President, Dow Europe, Middle East, Africa and India (EMEAI), said “From clean water to safe food-packaging, renewable sources of energy, digital communication, efficient transport, energy saving insulation and agriculture – chemistry is one of the centrepieces of any economic activity. India being the bright-spot of global economy will need continued inflow of feedstock. Our joint-venture with Saudi Aramco – Sadara, will provide an outstanding opportunity for India to drive competitive and sustainable growth in the sector.”
Dr. A N Sreeram, Senior Vice President and Chief Technology Officer, outlined the key areas of focus for innovation and showcased how the company keeps pace with evolving formulation needs across various businesses. He shared examples from various sectors that showcased how circular economy will be the underlying trend in creating a sustainable future.
Speaking on how Dow India is meeting the development demands of the country, Mr. Sudhir Shenoy, Country President and CEO, Dow India said, “Innovation cuts across the realms of processes, products, business models and solutions for us at Dow India. In India, we are witnessing a convergence of local demands with renewed focus on manufacturing. I believe this trend will benefit the chemical industry significantly and we see merit in coming together to co-create sustainable solutions for India and the subcontinent.”
Among other noteworthy sessions, was one on ‘fortune at the bottom of the pyramid’ by Mr. D R Mehta, ex-chairman of SEBI and Founder and Chief Patron – Bhagwan Mahaveer Viklang Sahayata Samiti (BMVSS) – the organization that has put the prosthetic Jaipur foot on the world map. He said, “The first Jaipur Foot was made of vulcanised rubber structure. While the basic design remains the same – the model has gone through several developments since. We partnered with Dow India in 2006 to develop the Jaipur PU Foot which is lighter, more flexible and cost 25 percent lesser. While most orthopaedics believe that Jaipur Foot is the closest prosthetic to a human limb, we are still working with research institutes and organizations like Stanford University, MIT and Dow to take this initiative to the next level, to create innovation that provides a second chance at life and livelihood.”
About Dow India:
Dow Chemical International Private Limited (Dow India) combines the power of science and technology to passionately innovate what is essential to human progress. The Company is driving innovations that extract value from the intersection of chemical, physical and biological sciences to help address many of India's most challenging problems including the need for clean water, clean energy generation and conservation, and increasing agricultural productivity. With 800+ employees in locations spread across the country, Dow India is continually finding ways to make people's lives healthier, safer and more convenient through exploring sustainable solutions based on technology development and application research in areas of infrastructure, transportation, energy, consumer and, lifestyle.
As a responsible corporate citizen, the company uses its technology expertise and employee volunteerism to partner with the communities in which it operates. Dow continues to support Jaipur Foot through free distribution of prosthetic limbs along with BMVSS, building homes for the underprivileged through 'Habitat for Humanity' and supporting scientific thought and environmental awareness among the future generations through ‘Multiply the Message’ and ‘Mobile Science Lab’ programs.
For more, visit www.dow-india.com / http://in.dow.com