Chemical Industries in India
India has been in the twelfth rank in the world’s chemical production. The country contributes about 3% to the nation’s Gross Domestic Produce (GDP). The country’s chemical industry has a turnover of about US$ 30 billion, and accounts for about 14% in the general Index of Industrial Production (IIP) and 17.6% in the manufacturing sector. Western India also recorded as 13-14% of total exports and 8-9% of total imports; which accounts for 45-50% of the total industry size. Furthermore, the fiscal concessions granted to the small sector in mid-eighties led to the establishment of a large number of units in the Small Scale Industries (SSI) sector, the Indian chemical industry is nowadays in the midst of major restructuring and consolidation. The chemical industry in the country is increasingly moving towards greater customer orientation.
http://chemicals.indiabizclub.com/info/chemical_industry_overview
In this connection, there are various chemical industries in India that have been built in order to provide technological and innovative studies & research to the Indian students. Similarly, the technological advancement in the field of chemicals truly achieved because of the concerted efforts of various chemical institutions. High standard of chemical education in the country with the various streams like chemical engineering, Biochemical engineering, Biomedical engineering, Biomolecular engineering, Biotechnology, Ceramics, Chemical Technologist among others are popular chemical courses in college that have a wide scope of influence all over the world. Also, there are some prominent institutes in India where student can choose various courses or degrees in the field of chemical. First is the Indian Institute of Chemical Technology, this institute was built in 1980. It aims to promote scientific and industrial research; as well as the institute has a core scientific and technical faculty staff with Ph.D’s in areas in, Physical, Mathematical and Engineering Sciences. Second is the Indian Institute of Technology Madras, this is one of the primary institutes of national importance in higher technological education, basic and applied research. It was finally opened in 1959 by Prof. Humayun Kabir; he was a Union Minister for Scientific Research and Cultural Affairs. Today Indian Institute of Technology, Chennai is well known for its vast teaching experience and unmatched studies for the higher education. Third is the Indian Institute of Technology, Mumbai, it is second Indian technological institute that established in 1958 with the support from UNESCO as well as from Soviet Union. Additionally, Chemical Engineering programs, also offer other undergraduate like Civil, Electrical, Mechanical and Metallurgical Engineering. Fourth is the Indian Institute of Technology of Kharagpur. This is an autonomous engineering and technology-oriented institute of higher education which established by the Indian government in 1951. The IITK comes among one of the well renowned technology institutes. Aside from the above mentioned chemical institutes, several other institutes like Anna University, Tamil Nadu, Chemexcil, Department of Commence, Department of Fertilizers, Department of Chemicals and Petrochemicals, National Chemical Laboratory, Bharathidasan University, Coimbatore Institute of Technology are all providing higher education in chemical technology field.
(http://chemicals.indiabizclub.com/info/chemical_insititute_in_india)
Accordingly, Indian chemical industry plays a crucial role in meeting the daily needs of the common man, but also contributes significantly towards industrial and economic growth of the country. As a matter of fact, it is one of the fastest growing sectors of the Indian manufacturing industry; even though there are challenges of escalating crude oil prices and demanding international environmental protection standards now adopted globally, the Indian chemical industry has still grown at a high rate. It has been reported that Indian pharmaceutical industry contributes approximately 26% of the total industry output and approx. 35-40% is dominated by the petrochemical segment. In the same way, commodity chemicals considered the largest segment in the chemicals market with an estimated size of $ 750 billion while the specialty and fine chemicals segment accounts for $ 500 billion. More than that, chemical industry is the backbone of the industrial and agricultural development of India and provides building blocks for downstream industries. Currently chemical industry in India has about 1/10th of the world average. The Indian chemical industry has started from being a basic chemical producer to becoming an innovative industry these days. The Indian economy was a protected economy till the early nineties, very little large-scale R&D was undertaken by the Chemical industry to create intellectual property. Therefore, it has large investments in R&D that is resulting to successful international competition. This is the major factor that Indian economy prospers until now because of the significant contribution of chemical industry to the government’s revenue; as well as to the economic development of the people in the country. (http://www.bestindiansites.com/chemicals/)
References:
(http://chemicals.indiabizclub.com/info/chemical_industry_overview)
(http://chemicals.indiabizclub.com/info/chemical_insititute_in_india)
(http://www.bestindiansites.com/chemicals/)
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