Twelve leading companies including Dr. Reddy's, Wockhardt, Sun Pharma, Cadila Healthcare, Glaxo, German Remedies, Novartis announced their results. Exports have been the main force behind the good show of the industry in this quarter. There has been a sharp revival in exports to CIS countries coupled with growth in the CIS markets. Domestic companies performed better than MNCs. Analysts feel that this trend is likely to continue till the products patents regime comes into place in India.
Talks are on with other banks too.
Our international module has already been launched and soon you will see storefronts from major international suppliers at your favourite chemicals site. This will enable buyers to access sellers directly in real time and negotiate, take advantage of market conditions and their own market strengths to buy at the most economical prices. Sellers can use this mechanism to minimize the effects of price fluctuations and to cater their best customers. The conference invited views and strategies, with respect to e-commerce, from most of the global players in the chemical industry like Shell, Eastman Chemicals, Dow, Union Carbide etc. The impact, future, strengths and experiences with e-commerce in chemical industry were discussed and analyzed in detail.