The increasing demand of energy and oil has directly affected the demanded of chemicals. Most of the global petroleum and oiling companies depend on chemical in the manufacturing of petrochemical products.
Chemical Import from India http://www.universaloilfield.org/ The increasing demand of energy and oil has directly affected the demanded of chemicals. Most of the global petroleum and oiling companies depend on chemical in the manufacturing of petrochemical products. Chemical import from India has established itself as one of the most prominent sector in the chemical sector. In a large scale, there are many chemical companies in India that import their products as wel as services on a global scale. Most of these companies have a local presence and deal in the manufacturing of raw chemical and other chemical substances. Large scale industries like cement and ceramics require chemicals on a large scale and this is where these smal er companies take a good place. The global scenario Chemical import from India has seen a steep increase in the recent years due to the increase demand in the global market. With 2.4 tril ion dollars, the global chemical sector is growing alarmingly. The commodity chemicals constitutes to a higher percentage of imported chemicals. The Global and large chemical companies see India as a favorite destination for importing chemicals because the price is very competitive as compared to other countries. Pharmaceutical chemicals also hold a major percentage when it comes it chemical import from India. A large number of health care companies from offshore depend heavily on the Indian counterparts for exporting chemicals as cheap rates. The determining factor in this context is the fact that al the Indian chemical companies follow mandatory international standards in the manufacturing of chemicals and sel them at lower rates. When it comes to quality and degree of pureness, most of the big giants trust the companies from India. The Indian scenario Chemical manufacturing and import has contributed significantly in the economic as wel as industrial development of the country. Chemical import from India is responsible for recruiting a large number of people. With the increasing demand on a global scale, a large number of local companies have come into the chemical sector. This is one of the main reasons why the offshore companies export the chemicals from Indian companies. The 32 bil ion $ chemical industry in India constitutes for 3% of the total GDP of the country. A larger percentage of chemical that are manufactured in India are then imputed to the foreign companies. The chemical industries in India comprise of both smal as wel as large scale industries. Most of the smal scale industries work for the global manufacturing units and provide them with their products and services.