Mr. Rajendra Gorgi

This is golden period for Indian specialty chemical industry. Before the start of easternization in 1990, everything was produced in US, Europe & Japan. Due to the peculiar nature of chemical industry, chemical industry has moved to China and India largely due to availability of chemistry and chemical industry landscape. Though China has the larger share, but in the last six years the dynamics have started to change. According to World Bank, labour cost in India is 50% in terms of dollars as compared to China. However, due to environmental disruption in China the industry has lost its cost advantage thus making India the lower cost destination.