Sammy's Blog

In 2020, India ranked 6th in the World (4th in Asia) in terms of Global sales of Chemicals and Petrochemicals. It contributes ~2.5% of Global chemical sales. India is 3rd largest consumer of polymers, 4th largest producer of Agrochemicals, 2nd largest manufacturer of dyes. Chemical industry contributes ~1.4% of national GVA, 8.8 % of manufacturing GVA (Gross value Added), 11.3% of India's export. Indian chemical industry is estimated to be worth US$ 178 billion (demand).  The production of Chemicals is worth US$ 166 billion, Import - US$ 51 billion and Export - US$ 39 billion, based on 2020 estimates. India is ranked 3rd in import, 4th in export for past 5 years. India has petroleum-refining capacity of over 194 Million tonnes per Annum (MTPA). The world's largest grass root refinery with 32 MTPA capacities is located in India. It has a number of gas cracker complexes with downstream facility producing 8 MTPA plastics and polymers. India produce 21 MTPA of Urea; and has the wid

 India’s Capital Goods manufacturing industry serves as a strong base for its engagement across sectors such as Engineering, Construction, Infrastructure and Consumer goods, amongst others. The capital goods industry in FY 2018 -19 had an overall production figure amounting to $13.6 bn. Capital Goods industry in India provides approximately 1.4 million direct and 7 million indirect jobs. The Capital Goods in India has a market size of $ 43.2 bn. The industry is divided into 10 sub-sectors where Electrical equipment ($ 24.2 billion) is the largest sub-sector followed by Process Plant equipment ($3.7 billion), and Earthmoving & Mining machinery ($3.3 billion). Escalator and Elevator makers 1. Johnson Lifts and Escalators (Only India based company, Plant - Oragadam, near Chennai) 2. Otis (Plant - Bengaluru; new plant opened - 2012) 3. Schindler (Plant - Chakan, near Pune; opened - 2017) 4. Mitsubishi (Plant - Bengaluru; opened - 2016) 5. Kone (Plant - Sriperumbudur near Chen

India automobile manufacturing come through a tough patch of socialism and License Raj. When India gained independence, Hindustan Motors was the only Indian car maker in India. The Nehruvian Socialism had a pretty bad impact on Indian Automobile sector. In 1954, Ford & GM down their shutters due to License Raj. Things started to shape when Sanjay Gandhi planned to manufacture car in India. Maruti Udyog Limited was formed with JV along side Japanese automobile maker Suzuki. Maruti 800 was the first car that rolled out from the newly formed JV. This rose the Indian car sales to 1 lakh in 1985. This rose to 2 lakh in 1989. It take 15 years to increase the value 5 times when 10 lakh cars were sold in 2004. By 2010, 25 lakh cars were sold in India. 1991 was considered as a remarkable year for Indian economy when Indian economy is liberalized to the foreign investors. The first 3 foreign companies to come to India are - Ford, General Motors and Hyundai. In 1960, SIAM (Society of Indian A

Japan always stood as a "Special" friend to India. Cultural exchanges between India and Japan date back to the 6th century with the introduction of Buddhism to Japan from India, via China and Korea. Indian monk Bodhisena went over to Japan in 736AD to spread Buddhism. During World War 2, Japan helped Netaji Subhash Chandra Bose to form "Azad Hind Fauj" (Indian National Army). Later, Mr. Radhabinod Pal was appointed as one of three Asian judges appointed to the International Military Tribunal for the Far East, the "Tokyo Trials". Among all the judges of the tribunal, he was the only one who submitted a judgment which insisted all defendants were not guilty. India-Japan diplomatic relation was established in 1952. Back in 80s and 90s when India opened up for foreign companies, Japanese conglomerates specially the high tech automotive companies opened JV in India. Among them Hero Honda, Kawasaki Bajaj, Hyderabad Allwyn-Nissan, TVS-Suzuki, Mitsubishi-Hindustan