Chemical sector of India

Chemical sector ofIndia is one of the oldest industrial sectors inIndia. It has contributed significantly towards the phenomenal growth ofIndian industry and economy.

The chemical sector ofIndia directly or indirectly acts as a supplier of many of the commodities of daily use. It is extremely scientific in its approach and facilitates the provision of many of the important chemicals which are the basic materials for end-products like paper, leather, paint, varnish, textile, and so on. The chemical sector inIndia stands as the keystone of the agrarian and industrial development which provides support for other industries.

The chemical sector ofIndia is one of the major industries in theIndian economy. It is estimated to be worth around US$ 35 billion, which is almost 3% of the country's gross domestic product. The investment in chemical sector ofIndia is around US$ 60 billion. It generates employment of about 1 million. The chemical sector ofIndia provides around 13-14% of total exports and its total imports are about 8-9%. It is ranked 12th globally and 3rd in Asia. The per capita consumption of chemical industry products inIndia is .01% of the global average. It has transformed itself into an innovative and successful industry from being merely a chemical producer once upon a time.

The chemical sector inIndia constitutes of small and large companies. There is a spree of restructuring activities in the chemical sector. With the emphasis on branch building, environmental friendliness, and product innovation, the chemical sector has increasingly moved towards customer orientation. ThoughIndia revels in the ample supply of basic materials, it would have to improve on the technological aspects and the capabilities of proper marketing to confront the global competition.

The industries using chemicals as raw materials:

• Dye Industry
• Pesticides Industry
• Pharmaceuticals Industry
• Paper Industry
• Detergent and Soap Industry
• Paints and Varnishes Industry
• Plastic Industry
• Cement Industry

Leading manufacturer in the Chemical Sector ofIndia:

• United Phosphorous Ltd, Mumbai
• ICI Calcutta
• P.I.Industries, Jaipur
• BASFIndia, Mumbai
• Monsantu Chem Ltd., Mumbai
• Galaxy Organic Ltd., Mumbai
• Atul Ltd., Bulsar
• ExcelIndia, Mumbai
• Sudarshan Chemical Industries, Pune
• Lubrizol Ltd., Mumbai
• India Glycols Ltd., New Delhi
• Jubilant Organosys Ltd., New Delhi
• Herdilia-Schentady Ltd. Mumbai
• National Organics Chemicals Ltd., Mumbai
• Rayalseema Chemcials, Hyderabad
• Gujarat Heavy Chemicals Ltd., Ahmedabad.
• Colour Chem Ltd., Mumbai
• Gujarat Alkalies and Chemicals Ltd., Baroda
• Colourtex, Ahmedabad
• DCM Sri Ram Consolidation Ltd., New Delhi

Last Updated on 13 December 2011