chemicals

Chemical industry forms an important constituent of the Indian economy. The industry size is estimated to about 3% of India's GDP. Chemical Industry is highly diverse with major sectors like Petrochemicals, Inorganic Chemicals, Organic Chemicals, Fine and specialties, Bulk Drugs, Agrochemicals, Paints and Dyes, etc. The Western India accounts for 45-50% of t... more »

Chemical industry forms an important constituent of the Indian economy. The industry size is estimated to about 3% of India's GDP. Chemical Industry is highly diverse with major sectors like Petrochemicals, Inorganic Chemicals, Organic Chemicals, Fine and specialties, Bulk Drugs, Agrochemicals, Paints and Dyes, etc. The Western India accounts for 45-50% of total Indian chemical Industry. The Indian chemical sector contributes heavily to the export import segment of the country. It accounts for 13-14% of total exports and 8-9% of total imports of the country. Reports suggest that India is 12th largest in the world and 3rd largest in Asia in terms of volume. The per capita consumption of products of chemical industry in India is about 1/10th of the world average suggesting more room for growth in the sector. The recent investments in R&D resulted in growth in the knowledge sector comprising of specialty chemicals, fine chemicals and pharmaceuticals hide «