Outsourcing is a buzzword of the IT industry. Similarly even the Chemical industry is looking at options to improve synergies with respect to cost reduction, increasing productivity by streamlining processes and thereby saving time. Businesses have to adopt newer technologies and opportunities. Many industries have the financial resources but lack qualified hands and clear directions to their future endeavors. The need of the day is to expand business prospects in the global markets.
In view of the emerging global scenario and the shift in the economic policies, from command economy to market forces, many a flourishing industries will have to keep pace with the fluctuating market and adapt to the challenging environments. The innovations could be improvement in the present process conditions to increase yields, reduce effluents, work towards development of newer products in the field of Pharmaceutical Dyes, Neutraceutical Dyes, Specialty Chemicals, Chemical Compounds and Perfumeries, and to seek solutions to their troubleshooting problems.