Resource detail

The Indian chemical industry, currently valued at $ 108 billion, has been growing at a robust rate. With manufacturing landscape shifting to Asia, India, which currently accounts for only 3% share of the global chemical market, has the potential to emerge as one of the major destinations for chemical companies worldwide. But for this to happen, industry will have to improve efficiency and adhere to global environment & quality norms. The Five Year Plan document (2012-2017) for the chemical industry stresses on sustainability – particularly resource and environment sustainability. Water, environmental impact, raw materials, safety over lifecycle and energy use are some of the issues grappling the industry. Indian chemical companies will have to invest in innovative solutions to find appropriate answers to these challenges.