Opportunities For Msme’s In Chemical Segment In India

By Author: Solution Buggy
Total Articles: 11
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The chemical industry supports India with strong GDP growth rates; Then the future looks bright. India's chemical industry ranks sixth in the world and third in Asia, behind Japan and China. In terms of global shipping of chemicals, India ranks tenth in the world. It contributes to GDP and is a cornerstone for many manufacturing industries in the country and the world.
Make in India, investment in the manufacturing sector has become more attractive, the chemical / ce industry is gaining worldwide recognition, leading to job creation and competitive power. In terms of research and development, the government will deduct a tax deduction of 200% under Section 35 (2AB) of the Income Tax Law for capital expenditures and income in scientific research and development. With new projects, such as a 59-minute loan for MSMEs, manufacturing industries can borrow up to Rs 1 crore, which will help expand industries and increase efficiency. India is dominated by the fact that the cost of shoe production is relatively lower than in the US. UU. And lower than the United Kingdom.

Even with improved growth rates and government incentives, ...
... the industry is not immune to the challenges. There is still a lack of knowledge on how to design your innovation, marketing and sales, production and portfolios. This is where the best-experienced chemical consultants come in and study the company and its market position and help them track progress.

Compliance; Another important challenge facing the chemical industry is compliance with government policies and policies. Companies face lower profits due to government price policies. The EC here can help ease the burden of employers by helping them comply with government regulations, benefit from the updates and policies of the new policy.
The act of transformation is rushed. Technology, automation, innovation is not the strength of the Indian chemical industry, but it is considered a weakness. To overcome this challenge, the company must make a great effort in research and development, and the consultants are useful for the challenge. When evaluating the company, the consultant can help the company improve technical knowledge and coordination.

Solutionbugi, the fastest growing platform to connect manufacturing industries with consultants, has helped many new entrepreneurs to establish components related to chemical / pharmaceutical products. , Train employees, assist them in sales and distribution and obtain manufacturing orders by contract. We have worked on projects in existing industries that want to add a new product, increase efficiency, implement an efficient manufacturing process or improve employee productivity through training.