Published on January 20, 2014
Indian cosmetic is likely to treble by 2020, as retail beauty and cosmetic industries has currently estimated at $950 million and is expected to treble to $2.68 billion. In the coming years, annual growth of Indian beauty and cosmetics market is projected to remain in the range of 15–20%. Over the last five years, cosmetic products have seen a growth of 60% and the number of salons has gradually increased to 35% growth rate.According to the latest study conducted by a leading green NGO, ne ..
Published on January 16, 2014
In the middle of fiscal period during April – October, FDI in the pharmaceutical sector took a leap by 86.5% to US$1.08 billion, over mergers and acquisitions of domestic drug makers by multinationals. According to the data of the Department of Industrial Policy and Promotion (DIPP), during April – October 2012 FDI in drugs and pharmaceuticals was at $580 million. The government had evaluated the position and decided that the existing policy would persist with the circumstance, that ..
Published on January 13, 2014
Textile industry has requested Reserve Bank of India to prioritize the textile sector by making liberal credit policy for the sector. Tripura Exporters’ Association has also asked RBI for separate section for exports sector in the monetary policy, signifying that banks might change composite audit rating mechanism so that small, micro and medium enterprises do not have to bear any extra cost for rating. Industry bodyFederation of Indian Chambers of Commerce and Industry(FICCI) has sugges ..
Published on January 6, 2014
Agro-Pesticide industry has been constantly suffering from internal issues. The foremost remained the subsidy issue. Government allocated very low budget for fertilizer industry. To add further was the constant delays in paying subsidy to the farmers. Later in the third week of December, govt. provided a package of 10,000 crore to provide some relief to the ailing industry.In the beginning of the year 2013, government had promised to invest a new urea policy to encourage industry to set up new p ..
Published on January 6, 2014
The year 2013 was noted tough for the Paint sector, as high inflation due to festive season were dashed and hopes of stimulated demand were increasing after a good monsoon. The paint makers were astonished, when the demand in the cities remained moderate. In India, the market size of paint industry was estimated around Rs. 29,000 core. According to the Japanese paint maker, rural market was a big hope for the paint sector, as it was growing about 20% growth rate, which was above the urban secto ..
Published on January 6, 2014
The pharmaceutical industries consist of companies that make patent and sells drugs that have beneficial effect. In India it is among the most highly organized sector and plays an important role in upholding and maintaining development in the field of global medicine. The pharma market is highly competitive and due to strict regulations and need for extensive research and development, entry has been made tricky. Generic drug makers like Ranbaxy, Wockhardt and Strides have faced strictures from i ..
Published on January 6, 2014
India is one of the leading manufacturers of Natural Rubber. India is the fourth largest producer and second largest consumer of rubber in the world. Major contributors to Indian rubber industry are Kerala, Maharashtra and Punjab. India has got huge variety in rubber products and rubber manufacturing units. Rubber industry has got its own issues. Government is also looking for the new policies for this industry. In a recent move government dedicated first in its own SBR (Styrene Butadiene Rubbe ..
Published on December 30, 2013
Polymer industry is growing at the CAGR of 18 & 20% from last three and five years respectively. The main two reasons for this growth are lower cost of polymer products and superior properties of products that are made of polymer. Recently a research report said that polymer industry in India is expected to continue to perform well because of increase in use of polymer products in country and good demand from end-user industries. According to this report the key user industries for polymer p ..
Published on December 30, 2013
With the year ending all the major sectors are reviewing their sales and production for the current year and predicting the futuristic trends. Paint industry had been slumbering under economic slowdown from last two years. In the year 2013, the industry expected to revive back due to favorable monsoon and festive season. But the scenario remained unchanged due to continual hike in inflation rates. The industry has hiked the prices by about 7-9% during this financial year while the latest inflat ..
Published on December 30, 2013
Year 2012-13 remained a difficult year for fertilizer industry. Industry remained in elated mood due to abundant rainfall and favorable monsoon but the ever increasing inflation rates, currency fluctuations and slowdown in economy could not sustain the growth for the industry. The overall sales of fertilizer declined by 11 percent to 53.4 million MTS from 59.9 million MT in the year 2013. Furthermore, constant delays in subsidies by government added to the liquidity crisis. Industry constantly u ..
