Editorial November-2017 Ease of Doing Business
10 Nov 2017
Ease of Doing Business?
While the world is gearing up for Christmas and Thanksgiving, there has been a positive shift in exchange rates which has helped the global economy. India made a significant improvement in the World Bank ranking of ease of doing business. India took a 30 step leap and is at the 100th rank amongst a range of countries.
This shows a huge growth in terms of ease of setting up a business in the nation. Experts believe that the positive impact of GST will also improve the rankings in the coming year. India has attracted foreign investors with the ease of doing business and has achieved recognition globally.
India is going through one of the best phases currently, the chemical industry is in boom and the Sensex has hit a record high. With a boost to the PSU banks, the Government has added a new burst of money and energy into the economy. The impact of demonetization and GST has remained positive and show a strong growth of the economy. In this issue, we have discussed about a very important aspect related to chemical industry, waste water treatment.
Majority industries emit waste water which needs to be treated in order to use the precious commodity efficiently. Industries adopt different methods to treat the waste water depending on the type of substance that needs to be separated. In order to adhere to the strict environmental standards, industries across the country need to follow a water treatment procedure.
An important merger in the industry is about to take place. Akzo Nobel confirms £23bn plan to merge with US rival Axalta. The Dutch chemical giant, Axalta is in talks with the world’s second largest paint manufacturer, Akzo. This merger could result in shareholder unrest and could also have a significant impact on the specialty chemical business. In another story for the month, we have provided a study of various industries in the colourant business. Indian colourant industry is estimated at $4.1 billion and there are higher prospects of growth in the coming years. Insights into the colourant industries throw light on its potential to come out as a clear winner in the coming years. India’s share in the global colourant industry is expected to rise to over 20% in the next four years.
We are constantly striving to bring you the latest information about the dyes and chemical industry. We welcome your inputs which will help us serve you better. With the Inventory Sharing Platform, we aim to connect likeminded individuals and fulfill their orders in a quick and convenient manner. Traders and suppliers can list their products on the platform which can be accessed by other members on the platform. The best part is there is no spamming and no fake enquiries!
You can keep the information private and only visible to the members of the platform. This is a simple way of allowing the traders, manufacturers and distributers to connect with one another and fulfill the orders. Let us join hands and grow our business together.
- Rajiv Parikh
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