Published on April 5, 2018
Presently all the plywood manufacturers are gaining confidence. Growth from last one and half years was not visible in plywood industry but capacity addition, new plants and modernization is regularly being done by furniture makers. Despite of struggles and weak lifting in retail markets, the expansion in manufacturing plants are happening at surprising speed in every product category in wood panel sector. India in FY 2017-18 poised to offer bigger opportunities and organized working after E-w ..
Published on March 29, 2018
Plastic sector’s growth prospects in FY 18 are bullish as plastic manufacturers are optimistic. As per market players, application of polymers is increasing in new products and sectors, the per capita consumption of plastic is set to rise spur the growth of plastic manufacturing sector by at least 10 per cent. As per the Plastics Export Promotion Council India's plastics exports will cross USD 8 billion mark in FY 18 as industry is escalating positively. As polymer application is escala ..
Published on March 6, 2018
The pharma industry currently stands at $35 billion - both Indian market and exports - accounting for about 3.1–3.6 per cent of the global pharmaceutical pie in value and 10 per cent in volume terms. The pharma industry has been growing 1.5 times the GDP growth rate for more than a decade and has a annual turnover of Rs 2.25 lakh crore. As per report in Budget 2018, Finance Minister Arun Jaitley announced a health protection scheme, which is expected to benefit 10 crore poor and vulnera ..
Published on February 5, 2018
Recently budget 2018-19 has been announced but Textile companies did not please with the quantum of fund allocation to the textile sector. The finance minister announced that the government will allocate Rs 7,148 crore for the sector. All the major textile companies were trading flat with a negative bias after the announcement. As per the report, all the representatives of textile industry have come forward to register their "disappointment" with the government for ignoring the calls of an indu ..
Published on January 24, 2018
Presently the pharma industry stands at USD35 billion both Indian market and exports - accounting for about 3.1-3.6 per cent of the global pharmaceutical pie in value and 10 per cent in volume terms. India’s pharmaceutical exports stood at USD 16.8 billion in 2016-17 and are expected to nurture by 30 per cent over the next three years to reach USD 20 billion by 2020. The Government of India unveiled 'Pharma Vision 2020' aimed at making India a global leader in end-to-end drug manufacture. ..
Published on January 10, 2018
Currently India’s plastic exports are highly encouraging and market players are confident of crossing plastics exports to cross USD 8 billion mark in FY18 showing a 6 per cent increase from USD 7.56 billion in FY17. On account of positive growth trend Indian plastic export will cross around USD 8 billion. As per market players, they are working with the government to form strategy in order to increase the country’s plastic export as the global export market. India exported p ..
Published on January 3, 2018
The global paints and coatings market is expected to value at USD 144,323.31 million in 2018 is expected to achieve a CAGR of 4.58% during the period 2018-2023.As people preferences has been changed from the traditional whitewash to higher quality paints like emulsions and enamel paints. As per report, demonetization impacted Asian Paints and Akzo Nobel the most, with most of the paint manufacturers witnessing a sluggish quarterly growth of 2-3% in Q3FY17, as against the 8-13% growth witnessed ..
Published on December 16, 2017
Indian adhesive market is anticipated nurture at a CAGR of 6%. Demand for adhesive industry is growing on technological advancements and infrastructure growth. Packaging marker is the largest consumer for adhesive and the application in building, construction and automotive. In near term outlook water based adhesive will continue to dominate market and will have the maximum growth rate till 20120, said by market source. The global market for adhesives and sealants is less capital intensive and ..
Published on December 4, 2017
The Indian pharmaceutical market size is expected to grow to US$ 100 billion by 2025, driven by increasing consumer spending, rapid urbanization, and raising healthcare insurance among others. The Indian government has taken many steps to reduce costs and bring down healthcare expenses. Introduction of generic drugs into the market has remained in focus and is predictable to help the Indian pharmaceutical companies. As per recent news,the Supreme Court began debating a Central government plea ..
Published on November 24, 2017
Agriculture plays a vital role in India’s economy. Agriculture, along with fisheries and forestry, is one of the largest contributors to the Gross Domestic Product. There are 2 major agricultural seasons in India: Kharif and Rabi. Kharif season lasts from April to September rice (paddy) is the season’s main crop. Rabi season lasts from October to March wheat is the season’s main crop. In FY16, production of rice stood at 103.61 million tonnes, whereas, production of wheat stoo ..