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.

Author's Bio: 

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.