Industrial Goods (India)
India is home to several major industries:
- The textile industry covers a wide range of activities, ranging from jute, wool, silk and cotton to ready-made garments prepared from different types of manmade or natural fibers.
- India’s chemical industry generates about 70,000 commercial goods, ranging from plastic to toiletries and pesticides to beauty products. It is regarded as one of the oldest domestic sector in India, and the country is the 12th-largest producer of chemicals worldwide.
- India has 10 large cement plants governed by the different state governments. Plus, India has 115 cement plants and about 300 small cement plants.
- Considered the oldest industry in India, dating back to 1867, the petroleum industry is one of the most flourishing oil markets in the world. In the last few decades, this sector has witnessed the expansion of several top national companies.
In addition, the productivity of other major Indian industries incorporates aircraft, vessels, automobiles, steam engines, heavy electrical equipment, construction machinery, precision equipments, communication instrument, power generation and transmission tools and computers.
By The Numbers
The software industry, which recorded a huge expansion in the last 10 years, signifies India’s position as a knowledge-based economy, with a compounded annual growth rate of 42 percent.
The 400-year-old Indian steel industry is the 10th largest in the world.
With an approximate cost of $28 billion, India’s chemical industry amounts to 12.5 percent of the entire industrial output of India and 16.2 percent of its entire exports.
For import/export opportunities or opportunities for investment in India’s Industrial Goods sector, please contact the National US India Chamber of Commerce:
700 17th Street, Suite 2000, 20th Floor
Denver, CO 80202, USA