Leading SMEs of India 2023

Leading SMEs of India 2023 | 65 [ INDIAN SME SECTOR OVERVIEW ] showing robust performance on both cost competitiveness and market attractiveness. Besides, the efforts to explore possibilities of utilizing by-products of petroleum and petrochemical industries for producing crucial intermediates for pharmaceutical and agrochemical industries is expected to help in reducing India’s dependency on imports of these intermediates. It will also strengthen the domestic ecos y s t em and encou r age investment in the sector. Given under lying China Plus One strategy adopted by global MNCs, Indian chemical industry is expected to further gain traction going forward. Against thi s backdrop, with its strong value proposition, India is expected to emerge as a preferred destination for global chemical companies. DATA CLOUD Chemical sector: Break-up by Industry type Chemical sector: Category-wise distribution Source: D&B Data Cloud Others includes Miscellaneous chemical products (8%), Industrial organic chemicals (6%), Soaps, cleaners, and toilet goods (6%), Industrial inorganic chemicals (5%), Agricultural chemicals (4%) and Paints and allied products (1%). D&B DATA CLOUD: CHEMICAL SECTOR INSIGHTS D&B data cloud possesses a record of 9.84 lakh chemical companies in India. The key insights from the D&B Data Cloud data for the chemical sector are as below: • There are 9.84 lakh chemical companies in India on D&B Data Cloud. Out of these, 47% are involved in wholesale trade, 45% in manufacturing and remaining 8% in retail trade. • Almos t 31% of chemi ca l companies in India are involved in the manufacture of drugs & drug proprietaries, followed by chemicals & allied products accounting for 14% of the chemical companies. • Intermsof numberofbusinesses registered under chemical sector, Maharashtra is followed by, Uttar Pradesh, Gujarat, Tamil Nadu and Karnataka. The top five states cumulatively accounts for ~53% of total businesses registered under chemical sector in India. Dun & Bradstreet