Mitsubishi Chemical Group, one of Japan’s largest integrated chemical companies, is poised to expand its presence in India by entering the country’s growing semiconductor and electric vehicle (EV) supply chains. The company is seeking to collaborate with local partners to tap into India’s increasing demand in these sectors. Currently, Mitsubishi Chemical operates businesses in India, including a polypropylene facility in Rajasthan, an industrial gas unit in Pune, and a compounding business in Gujarat.
The company is actively exploring opportunities for expansion and is in discussions regarding potential new ventures, particularly in the semiconductor ecosystem. While the exact locations for new manufacturing projects have not been determined, the company’s investment decisions will be based on the products being developed. Mitsubishi Chemical’s CEO, Manabu Chikumoto, has acknowledged the Indian government’s efforts to boost the semiconductor industry and emphasized the importance of support from both central and local authorities for any greenfield projects.
The growth of India’s chemical industry is also being highlighted, with the sector expected to reach ₹6,324 billion this year. Arnab Basu, President of The Bengal Chamber of Commerce and Industry, stresses the significance of global collaborations, citing West Bengal’s well-integrated supply chain and potential benefits from Mitsubishi Chemical’s potential investments. The company’s foray into India’s semiconductor and EV supply chains is expected to be a significant development, driven by the country’s expanding demand in these sectors.