Poging GOUD - Vrij

The Company's Strong Product Portfolio Acts As The Current Growth Driver

Dalal Street Investment Journal

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March 14, 2022

Interview - Maulik Patel Chairman and Managing Director Meghmani Finechem Ltd.

The Company's Strong Product Portfolio Acts As The Current Growth Driver

What is your outlook on the global and domestic speciality chemicals sector?

The important aspect of chemicals and speciality chemicals is that it is the basic block-building resource for a plethora of manufacturing industries. Pharmaceuticals, agrochemicals, textiles, paper and pulp, oil and natural gas, additives, cosmetics, food and beverages all leverage speciality chemicals for their sustenance. As per a recent forecast, the global speciality chemicals industry is set to grow from USD 641.2 billion in 2021 to USD 882.6 billion in 2028 at a CAGR of 4.7 per cent.

We believe India is a consumption story and hence the demand for all the consumption items is going to increase substantially. Moreover, through PLI schemes there is a boost to various manufacturing facilities in India and this will ultimately lead to high demand for chemicals and speciality chemicals. Hence, we see very good scope for the chemical segment in India. Also, globally every country is spending on infrastructure for their respective economy to boom and hence that will again boost the demand for the chemical segment. Additionally, as the world is looking for China plus 1 substitute, India is perfectly placed to get the benefit of the same.

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