Explain various components of the chemical goods
Answers
Various components of the chemical goods:
Organic Chemical Industry: In India, this industries have fragmented production base, poor marketing focus and uneconomic capacities. These industries are owned by petrochemical industries such as ICPL and reliance.
Petrochemicals: These industries have good growth rate. Due to growth of other products such as polyester and polymer, these are need to supplied to many parts of the country. This raised the petrochemicals rate. There is world class delivery system in India, so working capital costs is low.
Bulk Organics: These industries have a disadvantage of conversion cost. There is always competition in this industry. There is lack of resource and investment.
Oil and Gas: The requirement of the gas and oil is doubled and growth became inevitable in this industry. India is one of the countries is top 5 oil and gas producers in India.
Pharmaceuticals: Due to the policies of the Indian government, pharmaceutical industry has passed several stages. India has now become a foreign exchange earner and it can produce all the drugs in the world.