Frost & Sullivan Hosts Webinar: Is the Indian Chemicals Export Poised for High Growth?

Sept. 15, 2011 - PRLog -- WHEN:      Thursday, Sept. 22 at 11 a.m. EDT
LOCATION:   Online, with free registration
SPEAKER:        Gunaranjan T, Industry Analyst, Frost &  Sullivan

The Indian chemical industry will witness high growth as changes in demographics, technology, value chain access, feedstock cost and availability, and macroeconomic outlook create tremendous opportunities for domestic and multinational companies. India, a major importer of chemicals due to insufficient domestic production, had several free and preferential trade agreements with other nations, increasing the volume of chemical trade recently. Chemicals tariff harmonization and accelerated tariff reduction opened up the Indian chemicals market and resulted in rapid increase of imports despite progress in the production capacities. Implementation of Registration, Evaluation, Authorization and Restriction of Chemicals (REACH) by the European Union also threatens to curb growth of chemical exports from India. However, the government set up Petroleum, Chemicals and Petrochemical Investment Regions (PCIPR) to boost chemical production and subsequently increase chemical exports.  

The briefing provides an insight into a trade scenario of the Indian chemical industry and gives a picture of the major trading partners in this space. Highlights of the briefing include an overview of the sectors in the Indian chemical industry and a discussion on trade in those sectors. The major policies, which the industry adopted to boost production and increase exports is also discussed.

The briefing will benefit participants who are interested in analyzing the Indian chemical industry, with reference to trade, and those trying to understand future trends of the industry in India. It will also help companies trying to mark their presence in this space and those companies trying to expand their operations in India.


Supporting Quote
“India’s chemical industry is poised for high growth and is expected to witness high growth over the next decade,” said Frost & Sullivan Industry Analyst, Gunaranjan T. “Per capita consumption of chemicals in India is significantly lower than developed countries, indicating that there is ample scope for growth in the domestic chemical industry. However, domestic production in not matching up to the demand for chemicals, as a result of which India currently imports a significant amount of chemicals to meet the increasing demand.”

“Government initiatives to increase production include removal of investment restrictions, establishment of Integrated Petroleum, Chemicals and Petrochemical Investment Regions (PCIPR) and port based chemicals parks,” continues Gunaranjan. “Foreign investment is allowed in most chemicals segments. While increasing trade cooperation is expected to support exports growth, REACH compliance requirement would adversely impact the exports prospects.”

Supporting Resources
For more information about Frost & Sullivan’s Chemical, Materials and Food practice, please visit: http://www.frost.com/CMF

Registration
•   To attend the briefing, email sarah.saatzer@frost.com your full name, job title, company name, company telephone number, company email address and web site, city, state and country.
•   Receive a recorded version of the briefing anytime by submitting the aforementioned contact details.

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