West Bengal has enormous growth potential in the carbon black business because of the growing demand from the battery manufacturing and electric vehicle (EV) markets. State Chief Secretary Manoj Pant urged businesspeople to invest in the state’s developing industrial landscape while highlighting the sector’s anticipated compound annual growth rate (CAGR) of 4.8% over the next ten years during his remarks at the Asia Pacific Carbon Black Conference. According to Pant, this industry has enormous growth potential, especially as the demand for EVs increases and carbon black becomes a necessary component of tires and batteries.
He underlined continued efforts to upgrade infrastructure and simplify regulations to create a business-friendly environment while restating the government’s commitment to supporting industrial growth and drawing investments. Pant also emphasized the significance of sustainability, pointing to the industry’s move toward environmentally friendly procedures and green carbon black.
Bengal invests in Carbon Black Sector
Reclaiming, recycling, and reusing are key to promoting a circular economy and guaranteeing environmental sustainability, he continued. Pant promised complete government support for companies wishing to enter West Bengal, urging international firms to investigate the state’s investment potential.
“EV adoption is on the rise, particularly in the two-wheeler and three-wheeler categories, and the penetration in India is expected to surpass 40% by 2030,” stated Anurag Choudhary, CMD & CEO of Himadri Speciality Chemicals. Tyres must adapt to these demands as a result of major changes in vehicle design, with a growing emphasis on lowering the overall carbon footprint.
