Chemicals and Petrochemicals: Project Opportunities in Gujarat
Saturday, March 3, 2012
The Chemical and Petrochemical Industry occupies an important place in the country's economy, as the Chemical industry has grown at a pace outperforming the overall growth of the industry. Chemical industry is an important constituent of the Indian economy. Its size is estimated at around US$ 35 billion approx., which is equivalent to about 3% of India's GDP. The total investment in Indian Chemical Sector is approx. US$ 60 billion and total employment generated is about 1 million. Today, petrochemical products permeate the entire spectrum of daily useitems and cover almost every sphere of life like clothing, housing, construction, furniture, automobiles, household items, agriculture, horticulture, irrigation, packaging, medical appliances, electronics and electrical etc. Chemicals and Petrochemicals contribute to more than 62 % of national petrochemicals and 51% of national Chemical sector output. It leads all states in India in terms of the investments committed in the chemical and petrochemical sector, 30% of fixed capital investment is in the manufacturing of Chemical and Chemical Products. Manufacturing of chemicals and chemical products contribute to around one fifth of the total employment in state. The production capacity of major suppliers of polymers, PE/PP/PVC in Gujarat is nearly 70% of the whole country’s production. Large quantity of production of basic chemicals caustic soda, caustic potash and chloromethane, largest supplier of bio fertilizers, seeds, Urea and other fertilizers
Gujarat's chemicals and petrochemicals industry is one of the fastest growing sectors in the State's economy. The industry offers a wide spectrum of opportunities for the investors both from India and abroad. The well diversified chemical industry has complete portfolio of chemical products including petrochemicals and downstream products, pharmaceuticals, dyes and intermediates. The Chemical Industry in Gujarat comprises of about 500 large and medium scale industrial units, about 16,000 of small scale industrial units and other factory sector units. Gujarat emerged as leading Indian states in terms of the investments committed in the chemical and petrochemical sector. It contributes to more than 62% of national petrochemical and 51% of national chemical sector output. Around 6,000 chemical and petrochemicals products are produced in the state. Manufacturing of chemicals and chemical products contributes to around one fifth of the total employment in state. The chemical industry in Gujarat is a significant component of the State's economy, contributing to more than 51% of Indian production of major chemicals with revenues at approximately more than INR 12,000 crore. Petrochemical Industry in Gujarat produces 13,048 ('000 Tonnes) of petrochemical products and also contributes around 62% to the total production of the country. Gujarat contributes 15% of the total national chemical exports.
In Chemical sector, 100% FDI is permissible, manufacture of most chemical products inter-alia covering organic/inorganic, dyestuffs and pesticides is de licensed. The entrepreneurs need to submit only IEM with the Department of Industrial Policy and Promotion provided no locational angle is applicable. Only the following items are covered in the compulsory licensing list because of their hazardous nature: Hydrocyanic acid and its derivatives, Phosgene and its derivatives,Isocynates and di-isocynates of hydrocarbons.
OPPORTUNITIES FOR ENTREPRENEURS:
Chemical and petrochemical sector is one of the major industries in Gujarat. Following are some identified projects to venture:
· Plastic (HDPE) Water Storage Tank (Sintex Type)
· HDPE Containers
· Disposable Plastic Syringes
· PVC Wire & Cables
· Acrylic Emulsion Paints
· Paint Industry
· Powder Coating Paints
· Agro chemicals
· Engineering polymers
· Speciality chemicals
Niir Project Consultancy Services (NPCS) provides you detailed project reports (DPR) on the above fields. Each detailed project reports cover all the aspects of business, from analysing the market, confirming availability of various necessities such as plant & machinery, raw materials to forecasting the financial requirements. The scope of the report includes assessing market potential, negotiating with collaborators, investment decision making, corporate diversification planning etc. in a very planned manner by formulating detailed manufacturing techniques and forecasting financial aspects by estimating the cost of raw material, formulating the cash flow statement, projecting the balance sheet etc.
We also offer self-contained Pre-Investment and Pre-Feasibility Studies, Market Surveys and Studies, Preparation of Techno-Economic Feasibility Reports, Identification and Selection of Plant and Machinery, Manufacturing Process and or Equipment required, General Guidance, Technical and Commercial Counselling for setting up new industrial projects on the following topics.
Many of the engineers, project consultant & industrial consultancy firms in India and worldwide use our project reports as one of the input in doing their analysis.
NIIR Project Consultancy Services (NPCS)
106-E, Kamla Nagar, New Delhi-110007, India
Email: [email protected]
Tel: +91-11-23843955, 23845654, 23845886
Source: NPCS Team
NIIR PROJECT CONSULTANCY SERVICES (NPCS) is a reliable name in the industrial world for offering integrated technical consultancy services. Its various services are: Pre-feasibility study, New Project Identification, Project Feasibility and Market Study, Identification of Profitable Industrial Project Opportunities, Preparation of Project Profiles and Pre-Investment and Pre-Feasibility Studies, Market Surveys and Studies, Preparation of Techno-Economic Feasibility Reports, Identification and Selection of Plant and Machinery, Manufacturing Process and or Equipment required, General Guidance, Technical and Commercial Counseling for setting up new industrial projects and industry.
NPCS also publishes varies technology books, directory, databases, detailed project reports, market survey reports on various industries and profit making business. Besides being used by manufacturers, industrialists and entrepreneurs, our publications are also used by Indian and overseas professionals including project engineers, information services bureau, consultants and consultancy firms as one of the input in their research.
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