Chemical Market Reporter, June 2nd, 1997
Strong growth marks India's fine chemicals industry, as the country begins to explore a transition from its role as strictly a low-cost supplier to a more advanced intermediates player. Domestic demand for fine chemicals in India is estimated at $3 billion, notes Enrico Polastro, vice-president with the Brussels office of Arthur D. Little, and domestic production of fine chemicals is estimated at $4 billion. The industry is expected to grow between 7 and 10 percent, as India advances its position as a low-cost supplier of basic intermediates and generics, notes Dr. Polastro.
Stuart Needlema...
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