Fortune India is a global leader in business journalism and a key source of finance and corporate insight for decision-makers and the most influential world leaders. Their July issue focuses on India’s Chemical Industry which is seeing unprecedented growth on the back of the consumption economy, niche products, rapid import substitution, and a global geostrategic shift under which user industries are looking for alternatives to China for sourcing chemicals.
The biggest reason for the upward surge in the chemical industry is the rise in consumption in India. Global companies are also sourcing more from India to lower dependence on China. Some of the established players have strengthened their grip on core segments and in new ones – PI is one of them!
Strong investments in capacity expansion and world-class manufacturing infrastructure such as ours, coupled with a tighter intellectual property regime have contributed significantly to the boom in the chemical sector.
With favourable global winds expected to fuel the demand for Indian chemicals, even more, the story of outperformers will continue to get bigger.
And this story is proof that the PI family has the power to shape the future of our business!
Read the inspiring article on https://www.fortuneindia.com/long-reads/chemical-boom-billionaires/108815