Page 16 - Chemicals

Thrust on infrastructure good for adhesives, coating sectors: Shilip Kumar

Budget's fiscal consolidation efforts will lead to stable economic growth of the country

Budget lays foundation of digital revolution in agriculture: Rajiv Tevtiya

Knowledge-driven services for agriculture can bring a revolution in the way farming is practiced

Polymer industry to gain from strategic crude oil reserves: Ajay Durrani

Budget's proposal to reduce basic customs duty on LNG to provide respite to petrochemicals sector

Budget's focus on agriculture augurs well for agrochemicals: Sudhir Shetty

However, there are no significant steps for enabling access of feedstock to petrochemicals industry

Reduction of custom duty on petroleum is a good move: Nikunj Dhanuka

More spends on the infrastructure & agriculture will put India on the growth path in the future

Budget raises capital outlay for Railways to Rs 1.31 lakh crore

For passenger safety, a fund to be created with a corpus of Rs 1 lakh cr over a period of 5 years

Budget reduces customs & excise duties for renewable energy sector

It proposes zero customs and excise duties on certain items related to cashless transaction devices

Apparel & leather sectors key for job creation: Economic Survey

It has recommended reforms in labour and tax policies to make these two sectors globally competitive

Rationalise duties to boost investment in chemical industry: Sudhir Shenoy

More clarity in IPR regulations would benefit the industry & encourage R&D activities in India

Ineos acquires Arkema's oxo alcohol business

It will buy Arkema's 50% stake in their JV Oxochimie, which has a facility at Lavera (France)

AkzoNobel to commercialise bio-based polymers in alliance with Itaconix

Itaconix will contribute with a technology to turn itaconic acid (obtained from sugars) into polymer

Gail, HPCL ink MoU for Rs 40,000 cr petrochemicals complex in AP

The new plant will have a capacity to produce 1.5-million tonnes of ethylene derivatives

GMR inks MoUs for manufacturing units to come up at Kakinada SEZ

MoUs were signed by KSEZ with 5 forms for setting up facilities with investment of Rs 7,000 cr

Piramal Group buys UK-based Mallinckrodt's pharma products for $171 mn

The acquired portfolio of drugs belongs to spasticity and pain management categories

Back Indian textile industry to double productivity by 2030

Financial packages provided to industry have to be output based, reviewed on multiple key indicators

Incentivise R&D for growth of specialty chemicals sector: Dr Deepak Parikh

Budget should offer credits to chemical producers who demonstrate exemplary corporate citizenship

Johnson & Johnson buys Swiss biopharma firm Actelion for $ 30 billion

It will also have 16% stake in Actelion's yet-to-be created R&D company

Biocon bags Rs 460 crore contract for insulin in Malaysia

It will supply rh-insulin manufactured at its Malaysian plant to public sector hospitals & clinics

Germany's BASF forays into Indian crop protection market for rice

It has launched a range of solutions to boost rice yields by managing diseases, weeds and pests

For innovation in diagnostics, budget should focus on Design for India

Tax reduction on lab chemicals will have a much more visible effect on the healthcare sector