Gujarat may be losing its share in chemical production, but it is
surely making up the loss through petrochemicals. The state has been
able to continuously increase its production - almost by 19% - as well
as maintain a steady lead in the field.
In face of the fall in shares witnessed by other major producers in
2006-07, the state's share increased by 3.5% during the same period.
Until 2005-06, Gujarat's share in production of petrochemicals was
hovering around 58-59%. It produced 10,778,000 tonne petrochemicals in 2004-05 and 10,887,000 in 2005-06. But, amid increase production of 1%, there was a slight decrease of 0.56% in the state's share. Prior
to that production had increased only by a mere 0.5%.
However, the trend changed in 2006-07 when the production scaled up to 13,048,000 tonne, good 3.7% increase than the previous year. This
pushed the state's share in the total production from 58% to almost
62%.
However, it wasn't the same story for all producers, as the other
major petrochemical producers registered a downslide in this year.
Maharashtra, the second largest producer of petrochemical, saw a
decrease in its share from 17% to 15%. Its production this year was
3,12,9000 tonne which was 1,83,000 tonne less than 2005-06. Likewise, West Bengal's share too saw a decline by 1%. However, with a production of 2,246,000 tonne in 2006-07 the state saw a slight
increase in production this year by 24,000 tonne.
The secretary of the Gujarat chapter of Indian Chemical Council, Y.P.
Saxena attributes the increase in the state's share to the acquisition
of Indian Petrochemicals Corporation Ltd (IPCL). He said that post
acquisition, all the 13 IPCL plants started functioning to their full
capacity. "Prior to the acquisition these plants were not working to
their full capacity. Out of total production of petrochemicals,
Reliance petrochemical has a share of 65%," Saxena said.
However, the executive director of KPMG, Arvind Mahajan, relates the
increase to a much broader picture.
in the last two to three years demand of petrochemicals in country has
increased due to the increasing use of plastics and fibres in the
country. At present we see plastic replacing steel and other metals in
most industries, including the automobile industry. In our homes too,
plastic is now more visibly used. This increase in demand has fuelled
petrochemical production in the state and has catapulted the state's
position as the largest producer of petrochemicals in India," Mahajan
added.
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