Jayant V. Dhobley, Business Head & CEO – Global Chemicals, Aditya Birla Group What are the growth drivers for India’s specialty chemicals industry vis-à-vis the global market?The Indian specialty chemicals industry currently comprises a fraction of the global market. We are talking of a domestic industry whose projected size by FY 2025 will be US $64 billion against a trillion-dollar projected global industry. The demand for advanced materials like specialty chemicals tends to grow faster than the GDP, especially in consumption-based economies like ours, a 12% annual growth rate for the sector is not unreasonable if the GDP grows at 7-9%.  Over the past decades, India’s end markets in electronics, industrial farming, and processed foods have not grown very fast, and due to this, the domestic industry largely developed as a vendor supplying molecules and intermediates to global players. However, the current broad-based economic growth creates opp...