Abstract
Over the last fifteen years the Indian chemicals industry has graduated from
manufacturing principle chemicals in a highly regulated market to being a
mature industry in a liberalized economy. Until 1991, India had a closed
economy, with the domestic chemical industry enjoying protection in the form
of differential import duties on raw materials and finished chemical products.
Chemical manufacturing was largely controlled by licensing regulations.
The chemical industry is among the fastest growing ones in India. The bulk of
chemicals produced in India comprise either upstream products or
intermediates, which go into a variety of manufacturing applications including
fertilizers, pharmaceuticals, textiles and plastics, agrochemicals, paints and
dyes.
The Indian chemical industry, 12th largest in production, is growing at an
average rate of 12.5%. However, sector modernization of existing technology
through foreign collaborations could further enhance growth.
Aruvian Research analyzes the Indian chemical industry in its new report
Chemical Industry in India. The report researches the characteristics of the
Indian chemical industry and the segments which, as a whole, make up this
dynamic machinery of growth. The massive globalization and consolidation
strides taken by the industry as explained in the report with the requirement
of heavy capital investment that brings in more competition and the overall
focus of the industry to meet the environmental challenge.
The report delves deeper into the processes applied in the Indian chemical
industry and their defining global standards thereby ensuring leadership in
exports as well as attracting significant FDI in the industry. The industry' s
dynamics like competition, infrastructure and the regulatory policies with the
reporting requirements deployed on the industry are explained by the report.
A comprehensive section on the affect of the REACH agreement, which came in to
effect from June 1, 2007, on the Indian Chemical Industry, sets Aruvian' s
offering apart from other reports on the subject. The report also profiles
some of the leading players in the industry who have earned the reputation and
pride for the Indian Chemical Industry globally and have placed India at the
top of the pecking order.
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