Balaji Amines Final - ANS Pvt. Ltd.

Industry OutlookThe chemical industry in most parts of the world is, at last, showing signs ofrecovery. And it is a welcome experience for company executives andemployees, investors, researchers, and construction workers. The industrywas suffering even before the recession officially began late 2007. This year’sworld outlook, however, shows great variations among individual countries.Asia also has to be taken on a country-by-country basis, with chemicalgrowth reflecting a range of performances, from a 7.2% increase in demandin China to continuing economic problems in Japan.Indian Scenario: The chemical industry in India is poised for explosivegrowth in the coming years. India’s population has grown nearly as large asthat of China, with its consuming middle class accounting for about a third ofits population. Disposable income in India is rising; potentially driving growthof chemicals consumption at exponential rates. India’s GDP growthexceeded 7.2% for the coming fiscal year, fueling considerable growth of itschemicals industry.India’s government has set in place policies and special economic zones topromote investment in its petrochemical sector, and several key domesticcompanies have unveiled ambitious expansion plans for the next few years.In Coming year India should see exponential growth in Pharmaceutical,FMCG & Fertilizer sectors which may prove to be a boon for Companieslike BAL.