Chemical Industry - News & Analysis

Industry Overview

Central Pollution Control Board compiles hazardous chemicals list in India

Details: Category: Industry Overview

Around 10 million chemicals are used commercially in India. In this around two thirds are used by industry. This poses a hazard and access to anti-dotes and safety practices are hard to find. To overcome this CPCB, has compiled data sheets on 708 hazardous chemicals on their websites. These are classified on physical-chemical properties, toxicity, reactivity, usage etc., It seems National Chemical Laboratory, Pune has helped in this exercise. The data is also available in CD. Arsenic Trioxide, Endothion , Diglycidyl ether, Endosulfan, Digitoxin, , Ergocalciferol and Mezacarbate are some of the listed lethal chemicals.

Insecticides India to set up 20000 tpa unit in Gujarat.

Details: Category: Industry Overview

Insecticides India (IIL) which is manufacturing insecticides is planning to set up a plant with 20000 tpa capacity in Gujarat with an investment of Rs. 500 million. IIL which has raised an IPO recently will utilize that fund, internal accruals and debt to fund the project. It is also expanding its dealer network and retailers in southern India where it is showing good growth.

Imports threaten Indian chemical industry

Details: Category: Industry Overview

Global chemical companies with huge capacities, have turned their attention on developing markets, particularly India as it is a large consumer of various chemicals. Further, India has also lower duty structure of around 5 -7 % compared to higher duty structure of 15 to 20 % in neighbouring countries. Even developed countries have high duty structure. Indian Chemical Council along with support from other bodies like FICCI have asked urgent govt. intervention to protect Indian chemical industry.