The Minister of Chemicals and Fertilizers Mr Ananth Kumar inaugurated “CHEMINAR-2016” in New Delhi in June. The subject of seminar was “Sustainable Chemistry – India’s future growth story”. Speaking on the occasion, Mr Kumar said that the Chemicals and Petrochemicals industry in the country is growing at the rate of 11 – 12 % and producing output worth $200 billion annually. He called upon the industry to target a growth rate of 14.7% per annum so as to double its output in next 5 years. He said the Government will facilitate in the growth story. Touching upon the issue of availability and cost of feedstock for these industries, he said that the Government can help in long term pricing contract with other countries for Natural Gas. Mr Kumar said that there are 22 refineries in the country, and there is a move to set up chemical hubs around them. This will result in savings as cluster approach can reduce costs. The projects need not be confined only to the Greenfield projects but also cover the Brownfield projects i.e. the projects already running at various places.