Building Economies of Scope for Business Value Creation

Ajay Durrani, Managing Director Covestro India Private Limited In terms of value, the specialty chemicals market size is projected to reach $470 Billion by 2020. “Despite being a huge consumer market, the per capita consumption of specialty chemicals is one of the lowest in India as compared to other emerging economies, says Ajay Durrani, Managing Director Covestro India Private Limited, in an exclusive interaction with Chemical Engineering World. He adds, “As chemical industries are not labour intensive, India should focus on creating economies of relevant scope rather than emulating other countries and focusing solely on capacity building.”