Indian Chemical Industry Pallavi Kate December 21, 2011
History Of Chemical IndustryHistory of Chemical Industry is something veryimportant to be discussed if one wants to get avivid picture of world chemical industry and itstrends. Though for many years, the westerncountries dominated the Global Chemical Industry,the first chemical operations which signify the birthof chemical industry took place in the Middle Eastlong back in 7000 B.C. After them, next were theChinese people. The first large scale chemicalindustry came into existence in the 19th century by a British Entrepreneur.
Chemical Industry Evolution In IndiaChemical industry is one of the oldest domestic industry of India whichstarted working soon after Indias independence in 1947. It was till 1991that India was a closed economy. However, after adoption of liberalpolicy in 1991 benefited most of the industries, including the chemicalindustry in India. It has evolved from being a basic chemical producerto becoming an innovative industry. Since then, the industry hasgained recognition in the global economy. Below are the first factoriesof independent India. Bengal Chemicals in Kolkata Sindri fertilizer plant near Jodhpur in Rajasthan Petroleum refining (Tiny one) in Digboi, Assam
Indian Chemical Industry Scenario Chemical Industry is an important constituent of the Indian economy. Its size is estimated at around US$ 35 billion approx., which is equivalent to about 3% of Indias GDP. Chemical industry is a significant contributor to the Indian economy, accounting for 11% of total industry output and 13% of Gross Value Added by the manufacturing sector in FY10. The industry contributes to 10% of Indias total exports and is a net earner of foreign exchange. It is also a significant employment generator and participation field for small and medium scale industries (SMEs). The size of Indias chemical industry was approximately $ 83 Bn in FY10, and could grow at 15% annually to $ 330 Bn in 2020 in the most likely scenario, outpacing the GDP growth rate.The growth is expected to be driven by rising demand in end-usesegments and rising exports fuelled by increasing export competitiveness.
Indian Chemical Industry Scenario FACTS OF INDIAN CHEMICAL INDUSTRY •13% of the total export •13% of the total industrial output & 7% of the GDP •G10 % - 12 % growth per annum •2% of global chemical industry •2 Indian pharmaceutical industry ranks 4th in volume & 13th in term of value in the world. •India – a strong player in the generic pharmaceutical market •pIndia – 2nd largest producer of agrochemicals in Asia
Indian Chemical Industry Segments Your logo here
Major Players Of Drugs & Pharmaceuticals Ranbaxy Shasun Cipla Dr. Reddys Lupin Cadilla IPCA Sun Wockhardt Aurobindo Kopran
Major Players Of Petrochemicals Reliance Industries Ltd Haldia Petrochemicals Ltd. Indian Oil Corporation GAILBongaigaon Refinery and NOCIL (National Organic Petrochemicals Ltd. Chemical Industry Ltd.) Manali Petrochemical Limited
Major Players Of Pesticides, Fertilizers & Agro-ChemicalsIndia:United Phosphorus Rallis Excel Industries• MNC: Hoechst Agrevo Novartis Bayer
Major Players Of Speciality & Fine Chemicals•Paints –Asian Paints Nerolac ICI Courtalds Jenson & Nicholson•Dyes & Intermediates – Color Chem (Hoechst) Clariant•Inks – Coates Hindustan Inks