Search Result for : Indian Chemical Industry

The Dollar Business Bureau Tata Chemicals Ltd, a Tata group company, has announced on Wednesday that it is selling its urea business to Norway's Yara International for Rs.2,670 crore ($400 million). Under the agreement, Tata Chemicals will sell its Barbala urea plant in the state of Uttar Pradesh, which has a yearly capacity of producing 0.7 million tonnes of ammonia and 1.2 million tonnes of urea. The deal is subject to regulatory clearance and is likely to be completed in the next 9-12 months’ time, and Yara International would fund this deal through its internal accrual. “The Board has approved transfer of the business of sale and distribution of urea and customised fertilisers, manufactured by the company at its plants located ...

The Dollar Business Bureau Gujarat’s dyes and intermediates industry is getting benefitted due to the Chinese government's crackdown on its chemical manufacturers. Earlier, vinyl sulphone which is the main intermediate in dye-manufacturing was regularly imported from China. But now, chemical companies from Gujarat are exporting vinyl sulphone to China in huge quantities. According to the new President of Gujarat Dyestuff Manufacturers' Association (GDMA) Bhupendra Patel, chemical companies from the state have exported over 1,000 tonnes of vinyl sulphone to China in the previous year. India has exported such a huge quantity of this chemical for the first time to its competitor in the chemical sector, he said. Currently, there is limited availability of vinyl sulphone in China as a large chemical manufacturing plant ...

The Dollar Business Bureau Yes Bank on Monday released its second report on India's structural trade dynamics which underscored that value chains have changed the face of global trade in recent times. Cross country inter-linkages have increased much more than the growth in volume trade. It has allowed developing and emerging economies to integrate with global markets. Trade has seen amazing growth with production being outsourced, driven by the economic rationale of comparative advantage with benefits of cost reduction and productivity enhancement. From this global perspective, India’s share in global export of intermediates at less than 2% (as of 2014) indicates its limited integration in global value chains. However, India trades the most with its global peers in intermediates. As such, it becomes interesting to ...

The Dollar Business Bureau The government plans to establish chemical hubs across several states, and to set up Central Institute of Chemical Engineering and Technology (CICET) on the lines of Central Institute of Plastic Engineering and Technology (CIPET) to cater to the demands of chemical industry. India already has 22 refineries, and it plans to create chemical hubs state by state. “We have decided in the ministry that we are going to make all the 22 refineries in the country as nerve centres, and petro-chemical complexes, crackers will come around surrounding them so that we can handle infrastructural, environment and logistical issues together,” said Ananth Kumar, Union Minister for Chemicals and Fertilisers. The government will set up five CICET centres, and CIPET will ...

Satyapal Menon | The Dollar Business Much of the attention goes to Warren M. Anderson of Union Carbide when it comes to the Bhopal disaster, but we overlook problems that persist everywhere in India   Three decades have not erased memories of the one of the biggest man-made disasters and a crime against humanity that happened, claiming thousands of lives and creating an aftermath that continue to debilitate lives. It is not just the nightmares of the Bhopal Gas tragedy that haunt us, but also the total disregard by the policy makers to a disaster that always was waiting to happen. It happened and the government was caught napping. But was it an awakening for those who govern a country’s fate? ...