360° Coverage : Africa: Chemical boom for Indian exports

11 Updates
Africa: Chemical boom for Indian exports
Photo Credit: SAJJAD HUSSAIN, Getty Images

Africa: Chemical boom for Indian exports

Jul 21 2013, 4:52am CDT | by IANS

Lagos, July 21 (IANS) Africa is presenting a busy market for India's chemical exports as figures for Nigeria alone indicate considerable growth. Exports of chemical items from India to Nigeria alone have increased to about 5.6 percent from 2012 to 2013, according to the Chemical Export Promotion Council of India (ChemExcil).

Lagos, July 21 — Africa is presenting a busy market for India's chemical exports as figures for Nigeria alone indicate considerable growth. Exports of chemical items from India to Nigeria alone have...

Filed under: news

YouTube Videos

 
 
 

1 year ago

Africa: Chemical boom for Indian exports

Jul 21 2013, 4:52am CDT | by IANS

Lagos, July 21 (IANS) Africa is presenting a busy market for India's chemical exports as figures for Nigeria alone indicate considerable growth. Exports of chemical items from India to Nigeria alone have increased to about 5.6 percent from 2012 to 2013, according to the Chemical Export Promotion Council of India (ChemExcil).

Lagos, July 21 — Africa is presenting a busy market for India's chemical exports as figures for Nigeria alone indicate considerable growth. Exports of chemical items from India to Nigeria alone have increased to about 5.6 percent from 2012 to 2013, according to the Chemical Export Promotion Council of India (ChemExcil).

In addition, total volume of exports to Nigeria this year amounted to $90.3 million as against $85.5 million last year, ChemExcil executive director Suhas Bhardi said at an exhibition that opened here with over 80 companies in attendance.

"The purpose of this Exhibition is to strengthen/expand existing business, promote india's chemical exports and to create a positive brand image of Indian products. This would also result in many more joint ventures and technology transfer," Bhardi said.

The Indian Chemical and Cosmetics Exhibition has been organised by ChemExcil in collaboration with the Pesticides Manufacturers and Formulators Association of India (PMFAI) and the Indian High Commission in Lagos.

The sector, which consists mainly of petrochemicals, accounts for over 70 percent of the total chemical market in Nigeria. "I am happy to note that the upstream petrochemical sector is well established as Nigeria is the highest oil-producer in Africa," Bhardi said.

PMFAI president Pradip Dave said the African region offered most potential for improvement in the productivity of crops and the African governments have therefore given priority to development of agriculture in the region.

Dave said that there was a good market for agrochemicals in Nigeria, adding that "it is estimated that the private sector agrochemical companies supply about 70 percent of the total CPP demand of approximately $120 million."

"Most of the African countries are now concentrating on development of irrigation projects and, with a modern irrigation system, by optimising and conserving water resources and also introducing drought resistance varieties. The drought resistance and high yielding varieties will definitely boost the agricultural production in the African region which will also help in boosting agricultural exports from Africa," he said.

ChemExcil's studies have shown that Nigerian companies consume in excess of $3.58 billion worth of chemicals per annum but produce just $380 million, an indication that the country is a potential market for the export of chemicals.

"The base chemical sectors, which consists mainly of petrochemicals, accounts for over 70 per cent of the total chemicals market in Nigeria. The upstream petrochemicals sector is well established as Nigeria is the highest oil producer in Africa," the council said on its website.

"Limited development of the downstream sector constrains growth of not only the base chemicals sector but also the total chemicals industry in Nigeria. In the speciality chemicals sector local manufacturing is focussed on paints, coatings and adhesives, using imported raw materials," it added.

For the remaining speciality chemical products, such as preservatives, water treatment and wood and textile treatment chemicals, local manufacture is limited. "The high operating costs as well as a lack of access to raw materials restrains the development of further manufacturing for a wider range of speciality chemicals," it said.

ChemExcil said, "Most regional and global speciality chemicals manufacturers supply raw materials and inputs to the local manufactures through distributors and also use the distributors to import fully manufactured speciality chemicals."

It has also identified a major market in essential oils flavours and fragrance/cosmetics/soaps and toiletries industry on the African continent.

"Africa's middle class has tripled in size in the last 30 years and is driving the continent's demand for cosmetics," it said.

"In Nigeria, cosmetics companies are racing for market share. While multinational brands dominate the market in Kenya and Uganda, and lack of capacity for local manufacturing remains an issue, local entrepreneurs are outsourcing manufacture and are using unique sales strategies."

After the Lagos exhibition, the ChemExil would move on to Addis-Ababa, Ethiopia, for a Buyer-Seller Meet and then to Dar es Salaam, Tanzania, July 23.

(Francis Kokutse can be contacted at fkokutse@hotmail.com)

IANS

Source: IANS

 
Update
11

3 weeks ago

Telangana govt presents Rs 1 lakh crore budget with a focus on basic needs

Nov 5 2014 4:46am CST | Source: Business Standard

Roads and water resources on top of the agenda; govt to establish land bank with 5 lakh a ...
Source: Business Standard   Full article at: Business Standard
 

 
Update
10

3 weeks ago

Indian Markets Scale New Peaks on Reforms Euphoria

Nov 5 2014 3:33am CST | Source: IBTimes UK

Indian investors cheer falling oil prices and New Delhi's intention to further reform Asia's third-larges ...
Source: IBTimes UK   Full article at: IBTimes UK
 

 
Update
9

3 weeks ago

WTO impasse due to unreasonable posturing by rich nations: FM

Nov 5 2014 3:24am CST | Source: Business Standard

Blaming "unreasonable posturing" by some developed countries for impasse at the WTO talks, India today said it is not opposed to trade facilitation pact but wants the present system for holding food stock to continue till a permanent soluti ...
Source: Business Standard   Full article at: Business Standard
 

 
Update
8

3 weeks ago

Countries must refrain from hosting terrorist acts: Rajnath Singh

Nov 5 2014 2:51am CST | Source: Business Standard

In a veiled attack on Pakistan, India has said nations must refrain from hosting and encouraging terror activities and ensure that their territories are not used for s ...
Source: Business Standard   Full article at: Business Standard
 

 
Update
7

3 weeks ago

Govt aims at creating fair biz environment: Jaitley

Nov 5 2014 1:58am CST | Source: Business Today

Retrospective taxation is one bad idea that damaged the economy, the finance minister said while speaking at the India Economic Summit in New Delhi ...
Source: Business Today   Full article at: Business Today
 

 
Update
5

3 weeks ago

Indian mortar shell explosion kills three children

Nov 5 2014 1:50am CST | Source: The Nation - Pakistan

Narowal- An Indian mortar shell exploded in a Narowal village on Tuesday, killing three children and injuring many others. Narowal's Pind Toghal Pur was devastated after the deadly accident. Reportedly, the village children found the shell in an open field, brought it home, and began playing with it, the police said. According to sources, one of the children accidentally th ...
Source: The Nation - Pakistan   Full article at: The Nation - Pakistan
 

 
Update
4

3 weeks ago

JMM rejects RJD's offer of support in Jharkhand

Nov 5 2014 12:55am CST | Source: Business Standard

The JMM, which runs a coalition government in Jharkhand with Congress and RJD support, has rejected RJD's offer to support each other's sitting MLAs in the ensuing Assembly ele ...
Source: Business Standard   Full article at: Business Standard
 

 
Update
3

3 weeks ago

India moves two warships away from Kolkata port after terror alert

Nov 4 2014 11:39pm CST | Source: The Nation - Pakistan

(Reuters) - India's navy withdrew two warships from the eastern port of Kolkata on Tuesday after intelligence agencies warned of an attack on the port and the city, police and navy officers said. The rare move came two days after a suicide bomber killed 60 people on the Pakistani side of the main border crossing with India hundreds of miles to the west, deepening fears ...
Source: The Nation - Pakistan   Full article at: The Nation - Pakistan
 

 
Update
2

3 weeks ago

The bet of the year so far in 2014? India

Nov 4 2014 10:01am CST | Source: MoneyWeek

Investors in India have had a cracking year so far. Kam Patel looks at the reasons behind India’s success.The post The bet of the year so far in 2014? India was first pu ...
Source: MoneyWeek   Full article at: MoneyWeek
 

 
Update
1

3 weeks ago

United colours of Kolkata

Nov 4 2014 9:33am CST | Source: Business Standard

Emission norms, weight, engine size, passenger capacity and so on may be important guidelines for a public transport vehicle. But for the West Bengal government, colour appears to be of equal importance. Or, to be precise, any colour so long ...
Source: Business Standard   Full article at: Business Standard
 

 

Don't miss ...

 

blog comments powered by Disqus

Latest stories

18th Saarc Summit concludes with one pact, several understandings
Kathmandu, Nov 27 (IANS) The 18th South Asian Association for Regional Cooperation (Saarc) Summit concluded in Kathmandu Thursday with the adoption of a 36-point Kathmandu Declaration.
 
 
British supermarkets sold contaminated chicken
London, Nov 27 (IANS) Eight of the every 10 fresh chickens bought from British supermarkets this summer were contaminated with the potentially lethal food-poisoning bug campylobacter, the food watchdog has said.
 
 
SJVNL signs pact with Nepal for hydro-power plant
Kathmandu, Nov 27 (IANS) Indian public sector company Satluj Jal Vidyut Nigam Ltd. (SJVNL) has signed a project development agreement with the Nepal government for executing the 900 MW Arun-III Hydro Electric Project in eastern Nepal, officials said Thursday.
 
 
'I saw humans on Mars in 1979': Ex-NASA employee
New York, Nov 27 (IANS) A woman claiming to be a former NASA employee has stated that while watching some footage, she saw two humans walking on the Red Planet towards the Viking Mars lander in 1979.
 
 
 

Latest from the Network

Modi, Sharif bonhomie gives fresh boost to Saarc (Intro Roundup)
Kathmandu, Nov 27 (IANS) In a final ice-breaking moment that gave a huge boost to Saarc and floundering regional cooperation, Indian Prime Minister Narendra Modi shook hands with his Pakistani counterpart Nawaz Sharif...
Read more on Politics Balla
 
Uneasy calm returns to Ferguson as protests continue nationwide (Roundup)
Washington, Nov 27 (IANS) An uneasy calm returned to Ferguson Thursday after two nights of unrest over a grand jury's decision not to indict a white police officer in the shooting death of an unarmed black teenager in...
Read more on Politics Balla
 
Ricky Martin's twins love touring
Ricky Martin says his twins love going on tour with him. The 'Adrenalina' singer has five-year-old boys Matteo and Valentino and whenever he can he takes them on the road with him because he misses them if he's apart...
Read more on Celebrity Balla
 
Taylor Swift: Mistakes are good for you
Taylor Swift says some of her ''biggest mistakes'' have been her ''best lessons'' in life. The 24-year-old musician insists she always takes the positive from every situation and even though she has had to deal with...
Read more on Celebrity Balla
 
Jessica Alba's dad cooks 'hot n' spicy' turkey
Jessica Alba's dad cooks a ''hot n' spicy'' turkey at Thanksgiving. The 33-year-old actress celebrated the holiday early this year as she's currently filming 'Mechanic: Resurrection' in Thailand and she's revealed her...
Read more on Celebrity Balla
 
Lewis Hamilton and Nicole Scherzinger are too 'young' for babies
Lewis Hamilton and Nicole Scherzinger are too ''young'' to have children. The 2014 Formula 1 champion isn't ready to settle down and start a family with the 36-year-old singer because they are both too busy. Speaking...
Read more on Celebrity Balla
 
How Koirala broke the impasse between India, Pakistan
Kathmandu, Nov 27 (IANS) Nepal Prime Minister Sushil Koirala played a crucial role in ending the impasse between India and Pakistan during the retreat at Dhulikhel near here Thursday on the sidelines of the 18th Saarc...
Read more on Politics Balla
 
Sindhu, Prannoy in Macau Open quarters
Macau, Nov 27 (IANS) Two-time World Championships bronze medallist P.V. Sindhu and male shuttler H.S. Prannoy entered the quarter-finals in the singles competitions of the Macau Open Grand Prix Gold at the Tap Seac...
Read more on Sport Balla
 
British PM faces heat over failure to cut immigration
London, Nov 27 (IANS) With net annual migration soaring to more than a quarter of a million, British Prime Minister David Cameron's promise to reduce the figures has been questioned. Official figures Thursday showed...
Read more on Politics Balla
 
Fact file: Phillip Joel Hughes
Sydney, No Nov 27 (IANS) Australian batsman Phillip Hughes, renowned as an aggressive batsman, was on the verge of reigniting his Test career before he was fatally hit on the head while batting in the Sheffield Shield...
Read more on Sport Balla