Industry Snapshot

India's vibrant chemical and petrochemical industry plays a significant role in the country’s economic development. In terms of volume, the Indian chemical industry is the 6th largest in the world and the 3rd largest in Asia, with size worth US$ 108.4 billion. The industry has registered a growth of around 8 per cent in the last few years and is expected to grow at a rate of 12-15% . India has a strong base for innovation in its network of 200 national laboratories and 1,300 R&D units, which can be leveraged for the shift towards an innovation-based industry. Many companies such as Dow chemicals, BASF, AkzoNobel have India as a base for manufacturing and supplying to their global markets.

The sector includes chemicals & petrochemicals, cement & aggregates, minerals, mining & metals, oil & gas / petroleum, steel, EPC companies, agribusiness, rubber & tyre, plastics (plastic raw material and plastic processing), packaging, glass, ceramics & marble, water treatment, pulp, paper & printing, paints & lubricants, textile, sugar etc

Talent Challenges

India has an impressive strength of engineers (India’s graduate engineering pool has more than doubled – over 350,000 engineers were added to the engineering talent pool in 2009). However, according to industry sources, only 40-50% of the graduates are employable, increasing the demand supply gap.

ABC's Perspective

Our process practice has solid credentials to support clients’ needs with specific industry expertise, as our specialised team of consultants comes from the same background. Knowledge of the subject as well as the market gives us access to top management talent. We understand the importance of talent pool mapping, transitioning global talent, and effective training, and act as seasoned consultants to our clients in recommending them the right people as well as the right strategy to adopt in case of an attrition.