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