We have been witnessing the transition of the colorant industry since the last few years. In the past year, the pace of transition was perhaps more urgent. As I have said earlier, the industry is at a threshold of momentous change. Individual Companies can either grow and become stronger or can flounder in the changing environment.
The changed environment is due to various factors viz. legislations like REACH, CWC etc or shifting of markets from the west to India and China; uncertainities regarding the U. S. Dollar (earlier it was steadily appreciating vis-a-vis the Rupee, but now it is not so). Also in the near future we will have convertibility of the Rupee on Capital Account and the volatilities in the availability and pricing of dyes intermediates.

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