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

45 minutes ago

India Inc's big vote of confidence for Modi

Aug 27 2014 9:12am CDT | Source: Business Standard

Business sentiment has improved big time, though lack of progress in GST & end to tax terrorism rem ...
Source: Business Standard   Full article at: Business Standard
 

 
Update
10

1 hour ago

Power producer NTPC expects coal import to jump 63 percent in FY2015

Aug 27 2014 8:37am CDT | Source: Reuters India

MUMBAI (Reuters) - India's largest power producer, NTPC Ltd , will import about two-thirds more coal this fiscal year, its chairman said, as it looks to meet the country's growing power needs amid an acute shortage of coal in a sector hamstrung by sca ...
Source: Reuters India   Full article at: Reuters India
 

 
Update
9

2 hours ago

England field against India

Aug 27 2014 7:47am CDT | Source: Business Insider

Cardiff (United Kingdom) (AFP) - England captain Alastair Cook won the toss and elected to field against India in the second one-day international at Cardiff on Wednesday.As expected, England gave an ODI debut to Alex Hales, who would have played in Bristol on Monday had the first of this five-match series not been washed out.Hard-hitting Nottinghamshire opener Hales has appeared in 32 Twenty20s for England and scored his country's first century in cricket's ...
Source: Business Insider   Full article at: Business Insider
 

 
Update
8

4 hours ago

Flipkart bets on partnership with Intel for its tablet range

Aug 27 2014 5:54am CDT | Source: Business Standard

Flipkart, along with global chip maker Intel, is betting big on revival of the tablet market in India as it launches a new range of tablets priced Rs 5,999 onwards under its in-house b ...
Source: Business Standard   Full article at: Business Standard
 

 
Update
7

6 hours ago

Sugar export rebound at risk from rising domestic prices

Aug 27 2014 3:05am CDT | Source: Reuters India

MUMBAI (Reuters) - Sugar prices in India are firming on fears of short-term supply constraints and seasonal demand even as global prices are sliding, posing a threat to a recent recovery in exports from the world's second-biggest produce ...
Source: Reuters India   Full article at: Reuters India
 

 
Update
5

6 hours ago

Rising domestic prices threaten rebound in sugar exports

Aug 27 2014 3:01am CDT | Source: Business Standard

Sugar prices in India are firming on fears of short-term supply constraints and seasonal demand even as global prices are sliding, posing a threat to a recent recovery in exports from the world's second-biggest producer of the s ...
Source: Business Standard   Full article at: Business Standard
 

 
Update
4

7 hours ago

Lalu Prasad undergoes heart surgery in Mumbai

Aug 27 2014 2:13am CDT | Source: HeadlinesToday.in

The former Bihar chief minister has been diagnosed with aortic st ...
Source: HeadlinesToday.in   Full article at: HeadlinesToday.in
 

 
Update
3

8 hours ago

Love Jihad row: Yogi Adityanath's hate speech caught on camera

Aug 27 2014 1:12am CDT | Source: HeadlinesToday.in

It is not clear where in Uttar Pradesh did Adityanath make ...
Source: HeadlinesToday.in   Full article at: HeadlinesToday.in
 

 
Update
2

8 hours ago

Kotak falls; Macquarie downgrades to 'neutral'

Aug 27 2014 1:08am CDT | Source: Reuters India

Reuters Market Eye - Shares in Kotak Mahindra Bank fall. The stock was trading down nearly 2 percent to 1034.55 rupees as of ...
Source: Reuters India   Full article at: Reuters India
 

 
Update
1

12 hours ago

Entrepreneur, Filmmaker Seeks Money To Help Trafficked Girls In India

Aug 26 2014 9:26pm CDT | Source: Forbes Real Time

Four years ago, Casey Allred says he went to India to help reform and improve education and discovered an entirely different problem that compelled him to act: sex trafficking of young, school-age girls. He explains that when he set up his first school as part of the nonprofit he launched called [... ...
Source: Forbes Real Time   Full article at: Forbes Real Time
 

 

Don't miss ...

 

blog comments powered by Disqus

Latest stories

Whale tourism affecting marine animals' behaviour
London, Aug 27 (IANS) Boat trips to watch whales and dolphins may increasingly put the survival of marine mammals at risk, conservationists have warned.
 
 
OPEC daily basket closes higher
Vienna, Aug 27 (IANS/WAM) The basket of 12 crude oils of the Organisation of Petroleum Exporting Countries (OPEC) stood at $99.82 a barrel Tuesday, compared to $99.09 Monday, according to the OPEC Secretariat.
 
 
Earth can sustain more terrestrial plant growth
Washington, Aug 27 (IANS) Our planet can produce much more land-plant biomass -- the total material in leaves, stems, roots, fruits, grains and other terrestrial plant parts -- than previously thought, says new research.
 
 
What brightens up the universe?
London, Aug 27 (IANS) Does ultraviolet light, that bathes the cosmos, come from numerous but faint galaxies or from a smaller number of quasars? The answer may not be too far in the future.
 
 
 

Latest from the Network

Shun negative politics, says Nawaz Sharif
Islamabad, Aug 27 (IANS) Prime Minister Nawaz Sharif Wednesday said it was the need of the hour to shun negative politics and use energy for the country's progress, and anyone hindering development will be held...
Read more on Politics Balla
 
Pakistan government to directly talk to Imran, Qadri
Islamabad, Aug 27 (IANS) The Pakistan government Wednesday decided to hold direct talks with Pakistan Tehreek-e-Insaf (PTI) chief Imran Khan and Pakistan Awami Tehreek (PAT) leader Tahir-ul Qadri who are currently...
Read more on Politics Balla
 
Russell Brand to star in own documentary
Russell Brand is to the star of his own documentary 'BRAND The Film'. The comedian-and-actor granted a film company access to his work and personal life for the past five years and now the footage is being turned into a...
Read more on Celebrity Balla
 
Lena Dunham opens about therapy
Lena Dunham has opened up about her life in therapy. The 'Girls' star has written an essay titled 'Growing Up in Therapy', detailing her years of counseling from the age of eight when her parents insisted she see a...
Read more on Celebrity Balla
 
O.J. Simpson to convert to Islam
O.J. Simpson is set to convert to Islam. The former American footballer and movie star has been imprisoned in Nevada since 2008 on charges of kidnapping and armed robbery in relation to an armed robbery that took place...
Read more on Celebrity Balla
 
Scoreboard: India's innings against England
Cardiff, Aug 27 (IANS) Scoreboard of India's innings against England in the second ODI of the five-match series at Sophia Gardens here Wednesday. India Rohit Sharma c Woakes b Tredwell 52 Shikhar Dhawan c Buttler b...
Read more on Sport Balla
 
36 militants, nine policemen killed in Afghanistan
Kabul, Aug 27 (IANS) A total of 36 militants and nine policemen were killed in clashes in Afghanistan's Ghor province, a senior government official said Wednesday, adding that the militants also took 30 policemen...
Read more on Politics Balla
 
India set 305-run target for England
Cardiff, Aug 27 (IANS) India made 304 for six in 50 overs against England in the second ODI of the five-match cricket series at Sophia Gardens here Wednesday. Suresh Raina top scored with 100 while Rohit Sharma and...
Read more on Sport Balla
 
Yemeni military plane crashes, pilot killed
Aden, Aug 27 (IANS) A Yemeni jet trainer aircraft crashed Wednesday while landing at a local airport in Taiz province, killing its pilot, a military source said, adding that it was yet to be ascertained if the accident...
Read more on Politics Balla
 
Abdullah Abdullah causes political stalemate in Afghanistan
Kabul, Aug 27 (IANS/EFE) Afghanistan presidential candidate Abdullah Abdullah Wednesday boycotted the audit of votes cast in June, sparking a fresh crisis in the country. A day after threatening to boycott the process...
Read more on Politics Balla