Tag Archives | india

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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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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Make way for ‘Chindonesia’

China, India and Indonesia are powering Asia’s economic recovery this year prompting one economist to club the three to form Asia’s “next growth triangle”. A recent report by CLSA, titled Chindonesia: Enter the Komodo, estimates that the three countries will generate $10 trillion of wealth for investors by 2015. “Together, China and India are increasingly […]

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Potash market power

Have Indian fertiliser companies been able to break a stranglehold that major producers have on the global potash market? Indian papers are full of reports on how Indian companies have succeeded in doing this by securing a contract price of $460/tonne for supplies in 2009-10, about $165/tonne lower than the previous contract. The drop comes […]

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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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Dow forced to halt work at Chakan

In yet another blow to Dow Chemical’s plans for India the company has had to halt work on its new R&D centre at Chakan, near Pune, following instructions from the Maharashtra chief minister. The government’s directive was aimed at appeasing the local population which has been strongly protesting against Dow and had even forcibly entered […]

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Kakinada & Nayachar: back on popular demand

A new year brings in new resolutions and this time around ONGC appears to have recommitted itself a refinery project in Kakinada, Andhra Pradesh, despite doubts about its viability. And over in West Bengal, the state government is determined to move ahead with a chemical hub at Nayachar. ONGC’s resolution, however, appears to be a […]

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Chemical hubs: A distant dream?

I have always been a little sceptical about the Indian government’s plans to build mega chemical hubs across the country. And recent reports have only reinforced some of my doubts. Not only will the scale of these projects be challenging but getting land and convincing the local people on the long-term economic benefits of these […]

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Boosting Innovation

It is good to note that the Indian government is looking to boost R&D spend in the chemicals industry. According to this report, agro chemical companies would be given an income tax exemption to the extent of 1.5 times their annual R&D expenditure. The benefit will be available to all locally done research by multinational […]

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CRAMS: still going strong

Indian companies in the contract research and manufacturing services (CRAMS) domain appear to be doing well as is reflected in the stock market performance of these companies. The list includes Divi’s Laboratories, Dishman Pharmaceuticals & Chemicals, Nicholas Piramal, Shasun Chemicals & Drugs, and Jubilant Organosys This report in today’s Economic Times highlights that CRAMS companies’ […]

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