Tag: Chemical Industry

The central government of India under the leadership of Prime Minister Narendra Modi has unveiled its 2024 election manifesto, emphasizing a robust strategy to bolster the manufacturing sector. The declaration aims to transform India into a global manufacturing powerhouse, leveraging various flagship initiatives and promising innovative policies to drive growth across diverse industries. Key focus […]

In today’s competitive manufacturing landscape, quality, efficiency, and cost control are paramount. This is where cold storage emerges as a game-changer, offering a controlled, temperature-regulated environment that safeguards the integrity of various products across numerous manufacturing sectors. While traditionally associated with the preservation of perishable goods, the applications of frozen storage extend far beyond the […]

The chemical industry plays a crucial role in various sectors, from agriculture and pharmaceuticals to construction and textiles. However, many aspiring entrepreneurs might believe that venturing into this field requires massive investments, making it an inaccessible dream. While it’s true that some sectors within the chemical industry involve significant capital outlays, there are opportunities for […]

The global chemical industry stands at a crossroads, facing economic uncertainties, evolving consumer preferences, and the ever-present need for sustainability. Understanding the key growth areas, market predictions, and potential investment opportunities within this dynamic landscape is crucial for navigating the year ahead. This article delves into the five major segments – pharmaceuticals, agrochemicals, alcohol-based chemicals, […]

The chemical manufacturing industry is projected to double its size and reach $300 billion by 2025, clocking an annual growth rate of more than 10% according to the Chemicals Export Promotion Council (Chemexcil). India’s chemical manufacturing industry is extremely diversified as it covers more than 80,000 commercial products. Most of the modern manufacturing industries are […]

Are you considering technology implementation in your chemical manufacturing company? But do not know how? Get help from experienced chemical industry consultants from SolutionBuggy. The chemical industry is in the phase of technology transition owing to latest technological developments that are enabling innovations and new business opportunities to chemical companies. The role of technology has […]

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The chemical industry is undergoing a rapid transformation, registering unprecedented growth in terms of production and revenue generation. The Indian chemical industry is expected to become USD 304 billion by 2025. Experts believe that demand for chemical products is expected to grow over 9 percent per annum over the next five years. Hence, it is […]

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Image Source: government.economictimes.indiatimes.com The recent outbreak of coronavirus that originated in China has disrupted the supply chain across the globe, resulting in a dearth of goods for the countries that heavily rely on imports. Like many other countries, India too is facing a shortage of several goods such as electronic products, consumer goods, chemicals, etc. […]

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Key Facts: The chemical sector has been the 3rd largest contributor to GDP amongst manufacturing industries in India in recent years. 200% weighted average reduction of tax from the Income-tax department for both capital and revenue expenditure incurred on scientific R&D Currently, the industry is employing more than 2Mn people There is a high demand […]

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India is backed by the strongest growth rate in the GDP by the Chemical industry; hence the future looks bright as well. The Chemical Industry of India ranks 6th in the world and 3rd in Asia after Japan and China. In terms of global shipments of chemicals, India ranks 10th in the world. It not […]

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India is known to be the sixth-largest producer of Chemicals in the world and third largest in Asia and is also a key constituent of the Indian economy, accounting for about 2.11% of GDP. India has exported 10.3% of chemicals in the year 2016-17 in total. The most lucrative chemical that is manufactured and exported […]

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