What are the main supply chain and energy market challenges facing India's petrochemical industry, according to Kamal Nanavaty at APIC '26?

According to Kamal Nanavaty, president of CPMA and Reliance Industries’ strategy development head, the war in the Middle East has introduced severe uncertainty into global supply chains and energy markets, causing volatility in crude oil and natural gas prices, disruptions in logistics routes, and fluctuations in feedstock availability — all placing significant pressure on petrochemical producers worldwide; he also cited rising energy costs, uncertainties, and changing trade patterns as clear challenges.

How does Nanavaty frame India's response to global sustainability demands in the petrochemical sector?

Nanavaty described sustainability as an 'urgent imperative' and stated that India is responding through investments in recycling infrastructure, cleaner technologies, and initiatives supporting green hydrogen and circularity; he emphasized that sustainability has moved to the center of the industry’s future and that the sector must 'balance growth with responsibility'.

APIC '26: India Chemical Sector Transformation Faces Supply Chain Risks

May 29, 2026

CPMA President Kamal Nanavaty warned at APIC '26 that Middle East conflicts threaten India's petrochemical supply chains. He urged the industry to prioritize resilience and sustainability amidst rising energy costs and geopolitical uncertainty.

icis

2026-05-29

APIC '26: India Chemical Sector Transformation Faces Supply Chain Risks

APIC '26: India Chemical Sector Transformation Faces Supply Chain Risks

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