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A droughty question

With the threat of drought looming large over most of India its time to ask another decoupling question. Can the Indian economy escape from the effects of a drought? I found some answers in Niranjan Rajadhyaksha’s analysis in today’s Mint. Most economists estimate that the drought will shave off economic growth by one percentage point […]

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Going green

Green chemistry is gaining ground in India with alert companies following the global trend to make products from renewable feedstocks, reduce waste and energy consumption. Pradip Kadakia, Abhishek Nigam and Ashwin Rao of Tata Strategic Management Group (TSMG) say that Indian chemical companies are making good progress in lowering the industry’s environmental footprint by adopting […]

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Family feuds

It seems to be the season for family disputes and India is not the only country seeing this. Reliance Industries has company in South Korea’s Kumho Petrochemicals where two brothers are struggling to take control of the Kumho Asiana Group. Park Chan-koo, the younger brother was yesterday dismissed as chairman of the group’s petrochemical division […]

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ADD puzzle

It is more than a month since the commerce ministry announced stiff antidumping duties (ADD) on polypropylene (PP) imports from Saudi Arabia, Singapore and Oman. But a customs notification has yet to be released and this is puzzling many industry players. The customs notification, seen as a formality, is usually out within a week after […]

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Solar support

The good things in life are rarely free and that applies to solar power too. An analysis on this sector in ICIS chemical business highlights how high investment costs associated with photovoltaic (PV) cells has prevented the technology from being cost competitive on a standalone basis. Photo by juicyrai But a step-change in the economic […]

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Plastics problem

We may finally be seeing some balance in the debate on plastic bags and pollution. Rather than being swayed by NGOs to introduce a blanket ban on plastic bags, Jairam Ramesh, the new environment minister, is pushing for greater recycling, better waste management and the use of biodegradable plastics. Scenes such as the one below […]

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Budget blues

With the budget offering little to the chemicals industry it is time to pile on to the rural rickshaw and hope for a trickle down efect from the enhanced spending that the government has planned in this part of India. Photo by BriceFR This is entirely possible. More money in the hands of the rural […]

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Empty promises

The 100-day fever is fast spreading and the Ministry of Chemicals & Fertilisers is the latest casualty. A very bland press release outlining what the ministry plans to achieve over the next three months has come my way. I started reading the release with a great deal of scepticism and was convinced at the end […]

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PP anti dumping duty shocks

Anti-dumping duty (ADD) on polypropylene (PP) imports from Singapore, Saudi Arabia and Oman has finally been announced. And the high level of duties, which are company specific and range from $44.40/tonne to $1,033.65/tonne, has upset many processors and importers. I have been told that one of the reasons for imposing a stiff penalty is because […]

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Ouch! That hurts

I have been hearing that the Indian government will soon announce preliminary antidumping duty (ADD) on polypropylene (PP) imports from Saudi Arabia, Singapore and Oman. A few lucky producers/exporters have escaped but there are many who face a stiff duty of as much as a few hundred dollars, say my friends from the industry. Polymer […]

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