Editorial January-2018 Positive year ahead
Positive year ahead...
Here’s wishing very Happy New Year to you and your family! We hope you had a wonderful holiday season with your near and dear ones. As we embark on a New Year, with new goals and hopes, we constantly strive to make the most of the opportunities coming our way. India will be at the forefront in terms of the growth
and development of the chemical industry in 2018. With a rise in exports and an increased use of AI with machine learning, India will make a strong impact on the global market.
In this issue, we talk about the global outlook for the chemical industry in the year 2018 and also present a report on the plastics industry. The plastic industry shows a positive growth prospects in the future. India has been meeting the increasing
export demands and has been a leader in terms of the manufacturing capacity. In our report, we throw light on the consumption of petrochemical and India competing with other countries. The growth story of India remains incomplete with out a mention of the plastic industry and the colorant industry; we talk about the two major industries that are big contributors to the GDP and the exports of the country.
There is a strong opportunity for growth in the country with an increase in investment in the industry and a larger number of skilled manpower. Major private players like Reliance are investing in the petrochemical industry in order to meet the domestic and global demands. There are a number of reasons that make Indian Petrochemicals stand out globally and it is only expected to achieve a larger export share in the coming year. The top players will take the industry to another level in this year. It will be interesting to see if there are any mergers or acquisitions taking place between the industries.
Further, in this issue we bring you the second part of our story on the colorant industry in the country. India’s share in the global colorant industry is expected to rise to over 20% in the next four years and the major players in the industry are all set to make the most of it. Also, since last 3 months we have been concentrating on the Lithium Industry and have published special stories and report abstract for the Lithium industry. As lithum is an important component for making batteries used in electric cars, we believe is a revolution in the car industry.
The implementation of GST and demonetization is showing positive returns with business going back to normal and the industries gaining pace.
We believe you are aware of the inventory sharing platform where we allow you to list the products on the platform and connect with members in the industry. This is a simple way of allowing the traders, manufacturers and distributers to connect with one another and fulfill the orders. With the Inventory Sharing Platform, we aim to connect likeminded individuals and fulfill their orders in a quick and convenient manner. Our aim is to make business convenient and easier for every member in the community. We constantly strive to bring you the latest news and information from the industry and try to serve you better with each issue.
Let us join hands and grow our business together.
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