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 Chemicals export promotion council (Chemexcil) . India’s chemical manufacturing industry is extremely diversified as it covers more than 80,000 commercial products. Most of…
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 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…
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…
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…
Indian products have had a demand in the market since the ancient ages. The artifacts that were made out of just the household in India had a huge demand in the European market. In addition to this, the textile industry i.e. the cotton fabric that was weaved in India had…
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…
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…