Published on February 3, 2014
The significant impact of USFDA continues to dominate and distress the Indian pharma industry. After receiving a show-cause notice from USFDA the top executives of Ranbaxy are busy in explaining their part to the drug controller officers. The company has received strict warning that any further such issue of negligence of norms may result in a ban in domestic market as well. Apart from this glitches and faults there is some good news for the industry as well. In a recent forecast by The Indian B ..
Published on February 3, 2014
Textile Minister of India said that India is looking for zero duty access for its textile in to Germany and UK. The ministry is in discussion on this matter with the European Union and said that India wants duty free access as given to other countries like Pakistan and Bangladesh. Ministry has also asked governmnet to reduce interest rate by 3-4 % for textile exports so that it can be helpful for the exporters. It will further help the exporters in competing the international market.Accordi ..
Published on February 3, 2014
Paint sector is growing with the growth in emergence of the middle class in India especially young population tendency to stay in nuclear families and increase in the propensity to spend. In India demand for industrial paint is growing with the growth in automobile and infrastructure industry. At present infrastructure is badly affected by the economic slowdown so the hopes are steady only for industrial paint segment. In volume terms, the per capita paint consumption has been estimated to be ..
Published on January 27, 2014
In Surat approx 150 units of Textile and Chemical has shut the units due to shortage of Gas supply from Gujarat Gas. Such shut down has affected livelihood of around 40,000 workers because the entire chain of distribution has been affected. Notice was sent to units on 14th Jan, enlightening about industrial gas supply cut from 21st Jan to 31st Jan due to supply shortage in international market. Officials from Gujarat Gas said that there is shortage of Gas supply from international market due to ..
Published on January 27, 2014
The year 2013 saw copious import alerts, red flag, etc. on major pharma industries by USFDA which had significantly hammered their stocks. In compare to the other sectors, Indian pharma has been badly hit by the retaliatory measures from the supervisory body. In the recent move, major Indian pharma industry – Ranbaxy had faced fresh trouble by USFDA on its Toansa plant based in Punjab and has ban the company from manufacturing and distributing drugs for the US market.According to Pharma In ..
Published on January 27, 2014
Agriculture accounts for one-fifth of our GDP and provides essence to two-third of our population. India’s success in meeting total requirement of food and even in venting out for exports largely depends on the chemical fertilizers. This industry has played a very significant role in Indias green revolution and attainment of self reliance. With growth and advancement of new technology, fertilizer and Agro Pesticide industry is growing with leaps and bounds. Urea, Phosphate and Potash are s ..
Published on January 27, 2014
The retail beauty and cosmetics market in India, currently estimated at USD 950 million, is expected to grow to USD 2.68 billion by the year 2020. China cosmetics and beauty market is also showing a remarkable growth in recent years because International players are putting efforts to make the domestic market players stronger in order to take the future advantage. In Indian market demand for skin whitening products by men and women is growing with the trend but other beauty products are not far ..
Published on January 20, 2014
All India Plastic Manufacturer Association (AIPMA) demanded better government support to sustain gain for the plastic industry. They said that current infrastructure is not enough for sustaining the growth. Chairman of Association said that industry need better infrastructure and consistency in policies across all state in the country. He added that major share of the industry is of SMEs and they are facing the problem of working capital so government needs to help them. Increase in demand from ..
Published on January 20, 2014
There is no end to troubles faced by Ranbaxy, issues with USFDA are not in a mood to settle down. In a fresh incidence USFDA has red flagged Ranbaxys fourth plant. Company has raised concerns at the company’s quality and manufacturing standard at Toansa (Punjab). The USFDA issued a form 483 after having a complete inspection at the plant. All the facilities provided by the company from this plant are under USFDA scanner and has raised the questions on the efforts made by the country to imp ..
Published on January 20, 2014
The Indian Paint Industry, estimated to be a Rs. 30000 crore industry, the organized players of the industry cater about 65 percent of the overall demand, whereas the unorganized players take care of remaining 35 percent. Indian Paint industry consists of two segments, mainly- Decorative segment and Industrial segment. Decorative segment caters to the housing sector and Industrial segment consists of coating to automobile, marine and other industry. In the domestic market Decorative and Industr ..
