BMI View: The Indian petrochemicals industry will experience a surge in capacity in 2013, which will plugthe deficits in the market that emerged over the past year as demand outstripped supply. Polyethylene willmake the biggest gains, leading to a slashing of imports. However, the sector is weighed down by a poorbusiness climate that is undermining progress in the investment necessary to put India on par with its mainAsian competitor, China.Indian plastics and synthetics rubber production have grown steadily over the last five years, whilechemicals output growth has been slower. Both sectors registered a slowdown in growth in 2012, with thechemicals index rising ...
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