“India is witnessing not just an “expansion” but an” explosion” of markets. How are we going to manage this growth expectation? And is this innovation-led growth? The first challenge facing India is a tremendous talent crunch, followed by the challenge to win not on cost but on value arbitrage, because cost arbitrage is a mirage. In spite of these challenges, there is no question that India’s time has come. I am happy to launch the CHEMTECH Initiative Indo-MAPS, and wish the program a great success.”