Chemical Technology

A global manufacturing hub for chemicals and petrochemicals

April 30, 2021

The manufacturing sector plays a significant role in the outputof the Indian economy, and chemical manufacturing is a crucialsegment with roots spread across a wide range of end-useindustries. With the index of industrial production (IIP) forchemical manufacturing returning to pre-COVID levels, theindustry is expected to grow at a CAGR of about 9.2% by FY25.7
Demographic dividends, low per capita consumption, an increasingexport demand and enabling Government initiatives are thekey growth drivers for the Indian chemical industry. Attractivebusiness opportunities are present in different segments, includingpetrochemical intermediates, downstream petrochemicals and
specialty chemicals. The coming decade is expected to bring ininvestments worth more than USD 87 billion (solely on the basis ofthe major petrochemical products under consideration).

Spotlight

Biomed Diagnostics, Inc.

First conceived in 1989, Biomed Diagnostics is the resulting collaboration of two physicians who found themselves vulnerable without the necessary equipment during a mercy mission in Central America. Without the necessary refrigeration, practical supplies and laboratory instrumentation to identify which organisms were causing illness in local residents, they set about researching and developing innovative point of care devices with could be easily packaged and contained.

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Spotlight

Biomed Diagnostics, Inc.

First conceived in 1989, Biomed Diagnostics is the resulting collaboration of two physicians who found themselves vulnerable without the necessary equipment during a mercy mission in Central America. Without the necessary refrigeration, practical supplies and laboratory instrumentation to identify which organisms were causing illness in local residents, they set about researching and developing innovative point of care devices with could be easily packaged and contained.

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