subject: Chemical Import From India [print this page] The increasing demand of energy and oil has directly affected the demanded of chemicals. Most of the global petroleum and oiling companies depend on chemical in the manufacturing of petrochemical products. Chemical import from India has established itself as one of the most prominent sector in the chemical sector. In a large scale, there are many chemical companies in India that import their products as well as services on a global scale. Most of these companies have a local presence and deal in the manufacturing of raw chemical and other chemical substances. Large scale industries like cement and ceramics require chemicals on a large scale and this is where these smaller companies take a good place.
The global scenario
Chemical import from India has seen a steep increase in the recent years due to the increase demand in the global market. With 2.4 trillion dollars, the global chemical sector is growing alarmingly. The commodity chemicals constitutes to a higher percentage of imported chemicals. The Global and large chemical companies see India as a favorite destination for importing chemicals because the price is very competitive as compared to other countries. Pharmaceutical chemicals also hold a major percentage when it comes it chemical import from India. A large number of health care companies from offshore depend heavily on the Indian counterparts for exporting chemicals as cheap rates. The determining factor in this context is the fact that all the Indian chemical companies follow mandatory international standards in the manufacturing of chemicals and sell them at lower rates. When it comes to quality and degree of pureness, most of the big giants trust the companies from India.
The Indian scenario
Chemical manufacturing and import has contributed significantly in the economic as well as industrial development of the country. Chemical import from India is responsible for recruiting a large number of people. With the increasing demand on a global scale, a large number of local companies have come into the chemical sector. This is one of the main reasons why the offshore companies export the chemicals from Indian companies. The 32 billion $ chemical industry in India constitutes for 3% of the total GDP of the country. A larger percentage of chemical that are manufactured in India are then imputed to the foreign companies. The chemical industries in India comprise of both small as well as large scale industries. Most of the small scale industries work for the global manufacturing units and provide them with their products and services.
