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Impact of technology & R & D on the Indian Chemical Industry

Development and innovations in the pharma industries has taken a giant leap within the last few years. This advancement has made life easier and comforting for society. <br>The Indian chemical industry is among the established traditional sectors of the country that play an integral role in the country’s economic development. This sector forms a part of the basic goods industry and is a critical input for industrial and agricultural development. <br>Here we provide an insight on how technology and R&D creates a great impact on our Indian Chemical Industry.<br>

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Impact of technology & R & D on the Indian Chemical Industry

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  1. Impact of Technology & R&D on the Indian Chemical Industry The role of technology and R&D is very important in each sector and chemical industry being no exception is also influenced by technological advancements. Since this sector is directly related to the life of human beings, latest technology is a must. Indian chemical industry has taken a giant leap when it comes to technological advancements and keeping in tune with their international competitors. With the mounting competition, indian chemical companies have to implement the most advanced technology and go for an effective R&D department. The chemical industry is one such industry in which the transactions in technology has been common, from the licensing of chemical process technologies to the licensing of chemical compounds. This is the reason why this sector shows the highest concentration of technology supply. The companies under the chemical industry offers about 40 percent of their technologies to other companies within the chemical sector. Even after having so much in common, there is still difference in the various segments which shows degrees of adjustment in the technological advancements. Being one of the oldest industries of India, it has linkages with almost all the ins in one or the other way. It is also one of the fastest growing segment in the indian industry. Indian chemical industry is growing at an average growth rate of 6% which is higher than the global average. The rate at which this industry is growing during the last 5 years is nearly double of asian market growth rate. The indian chemical industry is keeping in tune with its foreign counterparts when it comes to adopting Pharmaceutical Raw Material Suppliers

  2. Impact of Technology & R&D on the Indian Chemical Industry the best available technology in the chemical industry. Tatva Chintan Pharma Chem Pvt. Ltd, a leading raw material supplier for various chemical companies in India and abroad has a wide variety of various chemical products like specialty chemicals, quaternary phosphonium salts, methylating agents, electrolyte chemicals, etc. It has made a name for itself with the kind of quality it provides at such a competitive price. It has redefined the concept of specialty chemicals with latest technology and innovations. The quality product supplied by them at such an affordable price has made them a big hit in the industry. Pharmaceutical Raw Material Suppliers

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