Published on October 28, 2013
This year major policies has been announced by the central as well as state governments to enhance textile sector. Haryana government announced the deduction in VAT (Value Added Tax) rate for this industry, including home textile and woolen, from 12.5% to 5%. Due to Several policies made by Rajasthan Government textile industry in this state is expecting about 100 billion new investment in next 7 years. These policies will include interest subsidy for setting up new industries and reimbursements ..
Published on October 28, 2013
Foreign Direct Investment (FDI) in India has been in the talks for investment purposes and more so for political reasons. The concept of FDI is simple; it allows direct investment from individuals or companies in the country FDI is allowed. This is a good way to boost investment in the country and increase growth through that. FDI in India is subject to few Rules and Regulations and has been limited in terms of percentages in different sectors ranging from 20% to 100%. Some sectors are still in ..
Published on October 21, 2013
India is one of the largest producers of rubber in the world. India is considered as one of the key players in the global rubber business. It has got huge variety in rubber products and rubber manufacturing units. In the current scenario, the western countries are facing issues related to stagnancy in the rubber market. As a result all the attention related to this market has shifted towards Asian countries. This in turn has huge opportunity related to expansion for this industry. I ..
Published on October 21, 2013
An industrial resin is a synthetic polymer which finds its application as adhesive, film-forming or useful reactive properties. These are some of the industrial resins being covered in our country. Unsaturated polyester resins Formed from the reaction of a diol (a molecule containing several hydroxyls groups) and an unsaturated diprotic acid, this is specifically used in making the hulls of boats and in the production of "synthetic marble". Alkyd resins Used majorly in many solvent ..
Published on October 21, 2013
India is third largest consumer of Polymers after China and U.S as per recent Global Data figures. Market Analysts believe that India is going to become a global polymers powerhouse. Production output of this industry is raising approx 9.4% annually. India is having share of approx 5.7% of total consumption in world as of 2011 which was 3.5% in 2000. Analysts believe that such growth in this industry happens after economic liberalization in 1991. More than 60% of Polymer is consumed by packaging ..
Published on October 21, 2013
The pesticides industry in India is a Rs. 13,000 Crore sector and is said to be growing at 8-10% annually. According to the Tata strategic management group and FICCI’s joint research the industry is expected to reached Rs. 39,000 crore by the year 2016-17. This growth in the past few years can be attributed to the various patents that have expired and are going to expire by the year 2020, making way for a huge market for generic players. About Rs. 61,000 crore worth of patents for more th ..
Published on October 14, 2013
The Indian textile industry is having good presence in the economic life of the country. Textile industry is providing one of the basic necessities of life, apart from that this industry plays a vital role by contributing to industrial output, export earnings for country and employment generation. There was textile trade in India during the early centuries. Textile industry contributes around 14% to industrial production, 4% to GDP (Gross Domestic Product), and 11% to country’s export ea ..
Published on October 14, 2013
The plywood industry was started before more than 100 year in India. Plywood was imported for the first time-valued at Rs.32 lacs in the year 1906-07 in India. Imports rose steadily and it were worth Rs.90 lacs by 1924-25. Accordingly well equipped factories were started in different places like. Sitapur, Bangalore, Dandeli, Baliapatam and Coochbehar. Today, the market for plywood products in India is estimated to be about Rs. 12,000 crore (US$ 2.50 billion) with 70% unorganized sector. On ..
Published on October 14, 2013
Indian Cosmetic Industry is a very wide sector which caters to all sections of the society with various products. In 1991, with the liberalization of the domestic sector, cosmetic industry started to flourish. It had a rapid growth and was growing at a CAGR of around 7.5% in 2006- 2008. Two things helped this sector, the purchasing power increased and brand and fashion awareness in the minds of the spenders. Cosmetic Giants saw great potential in the growing market of India and started investin ..
Published on October 14, 2013
Adhesive and Sealants: chemically similar but functionally different. Such groups of formulated products are called as Adhesives and Sealants. Adhesives, majorly comprises of polymers, petroleum derived plastic resins, synthetic rubber and additives in order to enhance its characteristics. Most common industries where adhesives and sealants consumption is uppermost include construction, footwear, consumer durables, automotive, assembly, packaging, labeling and transportation. Rapid industr ..