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Impact of Covid-19 on global industry & scope of India to attract China-returned countries

Covid-19, the latest pandemic as declared by the W.H.O has been creating havoc the world over. People infected with this virus are found to be dying within few days. Health experts have also acknowledged the fact that there are reported many cases where patients did not experience any kind of symptoms. With mass deaths registered the world over, a panic situation has developed, where respective governments of almost all countries have been imposing longer periods of lockdown. Even citizens are barred from getting out of their homes, so as to render the virus ineffective, which is highly contagious. Its impact on global industry With people locked in their homes and shops, malls & all other non-essential institutions closed, almost all industries have come to a standstill. This isbarring pharmaceutical companies and others tagged in the essential item group allowed to carry out its less than normal functions. Many industries have simply shut down their gates asking employees &a

Overview 2020: Chemical Industries

  Industry overview The chemical manufacturing process can be considered to be integral to the Indian economy. It has become part of lives of Indians in various ways. We are linked to this industry inextricably, be it the drugs, garments, cars & furniture we use. This industry here is both knowledge & capital intensive. It does play a significant role to meet people’s basic needs and to improve their lifestyle. On a broad segment, it is classified into Specialty, Bulk, Agrochemicals, Fertilizers, Polymers & Petrochemicals. The Middle East being the world’s greatest source for petrochemical feedstock is close to the country. This boosts economies of scale in India’s favour and has helped foster large & small scale chemical business here. Positive outlook & consistent value creator The chemical industry in India can be termed to be a global outperformer with regards to ROI. It has resulted in enhanced expectations to boost continual, sustained growth of botto