Chemical Industry : Poised For A Good Run Ahead

Special Feature On Chemical Industry

With a greater emphasis on research and development, preserving long-term relationships with MNCs and delivering specialised chemicals, Indian chemical companies are moving up the value chain. Mandar Wagh outlines how urbanisation, greater capital expenditure by chemical companies, and India's proximity to the Middle East would all play a role in driving growth in this sector. 

India’s chemical industry contributes significantly to the country’s economy. After the United States, Japan and China, India is the world’s fourth-largest producer of agrochemicals and the world’s thirdlargest consumer of polymers. Except for pharmaceutical products, India ranks sixth in the world in chemical imports and eleventh in chemical exports. India supplies around 15-16 per cent of the world’s total dyestuff and dye intermediate production, making it a major global dye supplier.