West Bengal eyeing investments in carbon black industry with EV-driven growth
West Bengal has immense growth potential in the carbon black industry as the sector is expected to witness increasing demand from the electric vehicle (EV) market and battery manufacturing, an official said on Tuesday. Speaking at the Asia Pacific Carbon Black Conference, state Chief Secretary Manoj Pant highlighted the projected compound annual growth rate (CAGR) of 4.8 per cent for the sector over the next decade and invited industrialists to invest in the state's emerging industrial landscape.
«There is tremendous potential for growth in this industry, particularly as EV demand rises and carbon black becomes integral to both tyres and battery components,» Pant said.
He reaffirmed the government's commitment to fostering industrial growth and attracting investments while emphasising ongoing efforts to improve infrastructure and streamline policies to create a business-friendly environment.
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Pant also stressed the importance of sustainability, citing a shift towards green carbon black and environment-friendly practices within the industry.
«We must focus on reclaiming, recycling, and reusing to drive a circular economy and ensure environmental sustainability,» he added.
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