The Indian sector has long been dependent on China to imports.The industry expert believe that domestic production suppliers from US, EU, Japan, South Korea, South Africa and others can fill the space by the Chinese suppliers.
In the case of chemicals, the best options come from India or South Korea, chemical players now see an excellent business opportunity for India.
Day 54 of India lock down a high dependency on china has one opportunity in India. The chemical industry a sector worth 1000cr. and covering more then 30000 commercial goods is struggling.
Indian chemical industry is nothing without any help from china.Indian businesses can diversify their vendors and supply chains so that the overall risk.
This is particularly important when it comes to a situation like a pandemic, where much of the world is seeing large scale disruptions. Big players says he has alternative supplies from Europe and part of Asia such as Korea, Japan etc. The trick here is to have many suppliers to hedge your bets against large scale disruption. Also, as the Covid-19 virus progresses, different regions find themselves in different levels of lock down.
Due to corona scare, the world will not rely on China alone now. When we talk to foreign customers, we get a sense that they have now started giving a hard look to Chinese supplies. They are now increasingly looking at alternate from china.
Many of our exhibitors have very good products, but they need some distributors or some type of agents here who can help them to grow their business.
The 'Make in India' campaign as one which is intended to produce in India for consumers across the globe.
South African manufacturers to use the opportunity of growing their businesses by partnering with India.
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| Indian chemical industry |
In the case of chemicals, the best options come from India or South Korea, chemical players now see an excellent business opportunity for India.
Day 54 of India lock down a high dependency on china has one opportunity in India. The chemical industry a sector worth 1000cr. and covering more then 30000 commercial goods is struggling.
Indian chemical industry is nothing without any help from china.Indian businesses can diversify their vendors and supply chains so that the overall risk.
This is particularly important when it comes to a situation like a pandemic, where much of the world is seeing large scale disruptions. Big players says he has alternative supplies from Europe and part of Asia such as Korea, Japan etc. The trick here is to have many suppliers to hedge your bets against large scale disruption. Also, as the Covid-19 virus progresses, different regions find themselves in different levels of lock down.
Opportunity :
Due to corona scare, the world will not rely on China alone now. When we talk to foreign customers, we get a sense that they have now started giving a hard look to Chinese supplies. They are now increasingly looking at alternate from china.
Many of our exhibitors have very good products, but they need some distributors or some type of agents here who can help them to grow their business.
The 'Make in India' campaign as one which is intended to produce in India for consumers across the globe.
South African manufacturers to use the opportunity of growing their businesses by partnering with India.
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