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FTA woes

India and Asean are all set to implement an FTA (free trade agreement) from 1 January 2008. Both sides completed six years of negotiations yesterday and a final agreement is due to be signed in December this year. Over 400 products are on the sensitive/negative list and some chemicals have been included...

Posted to ICIS Blogs (Weblog) by Anonymous on 08-29-2008
Dow jv hits a roadblock

India's Foreign Investment Promotion Board (FIPB) has deferred making a decision on a proposed chloromethanes joint venture between a subsidiary of Dow Chemical and Gujarat Alkalies and Chemicals Ltd (GACL) as the government would like more time 'to examine the proposal', reports ICIS news...

Posted to ICIS Blogs (Weblog) by Anonymous on 08-20-2008
The going gets tougher

There are more signs of an economic slowdown in India. Industrial growth in the first quarter of fiscal 2008-09 dipped to 5.2% , down from 10.3% in the previous year and a result of high interest rates and input costs plus the weaknesses in the global economy. A new government report has forecast GDP...

Posted to ICIS Blogs (Weblog) by Anonymous on 08-13-2008
Can export ban curb inflation?

The Indian government's war on inflation appears to be making its way to the world of chemicals as a proposal to ban exports of soda ash and trim excise duties on major petrochemical inputs is being considered. Soda ash prices have spiralled this year on the back of rising energy costs with product...

Posted to ICIS Blogs (Weblog) by Anonymous on 08-05-2008
Time to wake up to climate change

India is known to move slowly. So it is perhaps not surprising to read that most local companies have yet to formulate strategies to face the challenge of climate change. KPMG recently released a report on a study carried out earlier this year to understand if Indian business leaders are aware of the...

Posted to ICIS Blogs (Weblog) by Anonymous on 07-30-2008
Change is in the air

Chinks in the Chinese textile and clothing export machine have started showing with shipments to the US in the first quarter of this year declining by nearly 10% from the same period in 2007. A new report from Textiles Intelligence states that the country is losing its competitive edge in this industry...

Posted to ICIS Blogs (Weblog) by Anonymous on 07-16-2008
Two steps forward, one step back

It is difficult to imagine this happening in any other country except India. After lobbying hard with the central government to secure the right to develop a Petroleum, Chemicals and Petrochemicals Investment Region (PCPIR) at Mangalore, the Karnataka government is likely to withdraw its application...

Posted to ICIS Blogs (Weblog) by Anonymous on 07-03-2008
Kakinada update

ONGC has decided to exit from the Kakinada refinery and petrochemicals project. But the project is alive as the GMR group remains interested. I think ONGC made the right decision. It will be interesting to see if GMR will be able to improve the project's economics.

Posted to ICIS Blogs (Weblog) by Anonymous on 06-26-2008
Kakinada attracts GMR

Oil and Natural Gas Corp's (ONGC) Kakinada project continues to attract investors despite questions about its viability . The GMR group is the latest and is reported to have formally expressed interest in taking a stake in the refinery and petrochemical project. The board of Kakinada Refinery and...

Posted to ICIS Blogs (Weblog) by Anonymous on 06-23-2008
Watch Out!

It is time for the Indian chemical industry to wake up to the threat of increased flow of downstream chemicals from the Middle East. Countries such as Saudi Arabia are aggressively pushing for the development of a petrochemicals industry that goes beyond olefins and polyolefins. State-owned and private...

Posted to ICIS Blogs (Weblog) by Anonymous on 06-19-2008

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