A McKinsey report on the Indian chemical industry reveals that the space is a consistent value creator with a positive outlook. We spoke to Rajendra V Gogri, Chairman and MD, Aarti Industries to get a sense of the on-ground situation.

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On demand Gogri said, “We see more and more demand coming to India. Overall virtually we are seeing the pre-COVID demand now in Q4 or maybe Q1 of next year. Most of the discretionary sector demand has picked up.”

On capacity utilization, he said, “We are in a capex mode and we see what McKinsey report said. We are seeing lot of opportunities."

He added, “This year we will have some growth in top-line, but bottom-line will be flattish. Next year we can see 20 percent-plus growth in both top-line as well as bottom-line.”

On the PLI scheme, Gogri said, “We are not directly participating in pharma PLI but it is going to benefit the general chemical industry.”

For full management commentary, watch the video

(Edited by : Anshul)

First Published:Mar 15, 2021 10:21 AM IST