Research Articles Base: Chemical Industry Of India

Chemical Industries in India

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/)     Credit:ivythesis.typepad.com

Chemical Industries in India

Chemical Industries in India India has been in the twelfth rank in the world’s chemical production. The country contributes about 3%...

Create A Strategic Development for the Chemical Industry of India : Introduction

CHAPTER ONE                                                            INTRODUCTION This objective of this chapter is to highlight the aims and objectives of this research which is to create a strategic development path for an SME. The chapter explains the need for SME’s to develop a strategy. This chapter then goes on to explain the importance of SMEs in India and their growth from the past and also the issues currently faced by them. A) Aims and Objectives: The chemical industry of India has been in recent years one of the most booming industries. In 2003, India’s Chemical Industry was the 13th largest in the world and the third largest in Asia in terms of its size, with the industrial sector having been the focus of a number of economic reforms such as simplification of tariffs and reduced export tariffs with elimination of quantitative restrictions on imports, implemented by the Indian government over the last decade (Siddiqi, 2003). Due to this sudden boom of chemical companies across India, many small micro enterprises have also sprouted to accommodate the growing demands of the global market on chemical products. In view of these promising developments, this dissertation aims to enhance understanding of the nature and form of strategic development activity within small businesses: using the case of Lihar Organics, a micro small business in India. The objectives of this dissertation are the following: <ul style="margin-top: 0in; margin-bottom: 0in" type="circle"> <li class="MsoNormal" style="text-align: justify; line-height: 150%"> To examine the historical and current development of the business in terms of unfolding markets, products and processes activities, and the key external environment forces that have enabled and constrained that development </li> </ul> The chemical industry, just like any other industry, is constantly changing in terms of its profitability and marketability. There is always a fierce competition in the global market. Therefore, it is helpful and essential that growth and development of the business is always a top management priority to keep up with the growing demands of the market and to keep competition at bay.   <ul style="margin-top: 0in; margin-bottom: 0in" type="circle"> <li class="MsoNormal" style="text-align: justify; line-height: 150%"> To examine the nature of organisational and managerial skills and abilities which have facilitated the development of the business to date, including the nature and form of the small business strategy development processes and integral management actions   </li> </ul> Each business, no matter how small, has its own secret of success. This may be in the form of management skills and abilities or good working relationships with the employers. Whatever it is, it is worth the time to examine and explore what makes a business shine above the rest. Business strategies are always worth noting for they may provide clues as to how the business became successful or a failure.   <ul style="margin-top: 0in; margin-bottom: 0in" type="circle"> <li class="MsoNormal" style="text-align: justify; line-height: 150%"> To identify, in the light of understanding derived from analysis of the business in its current operating context, potential strategic development paths available to the business and specific resource and management strengths and weaknesses with regard to each identified potential development path </li> </ul> Identification of strengths and weaknesses of a business is also important if one aims to conduct a study on its development and evolution. The success of a business lies on the proper address of the management to its strong and weak points. Early identification and acknowledgment of these shall be beneficial to the advancement of the business in terms of its production and profitability.   <ul style="margin-top: 0in; margin-bottom: 0in" type="circle"> <li class="MsoNormal" style="text-align: justify; line-height: 150%"> To contrast and compare strategic management practices identified within the participant case study firm with that embedded within the traditional strategic management literature  – and to consider the implications of any similarities and differences: (a) for enhancing understanding of existing literature-based insight into small business strategic management; and (b) for enhancing strategic management capability of the case study small business.        </li> </ul> The art or science of strategic management is crucial in every business enterprise. Without mastering any strategy, a business can fail shortly after its inception. The strategic management practices being used by Lihar Organics shall be compared and contrasted to that of existing strategic management practices found in traditional literature dealing with the subject. In doing so, it will be evaluated if Lihar Organics needs to enhance its strategies or not. An examination and dissection of Lihar’s strategic management practices will be thoroughly conducted. Credit:ivythesis.typepad.com

Create A Strategic Development for the Chemical Industry of India : Introduction

CHAPTER ONE INTRODUCTION This objective of this chapter is to highlight the ...