Indian Economy News

Chemicals maker Anupam Rasayan India Ltd. signed a letter of intent (LOI) for US$ 183.66 million

  • IBEF
  • April 14, 2023

Anupam Rasayan India Ltd. signed a letter of intent (LoI) with one of the leading Japanese multinationals to manufacture and supply three high-value speciality chemicals, worth US$ 182 million (Rs. 1,500 crore). Mr. Anand Desai, Managing Director of Anupam Rasayan mentioned that the Japanese multinational will be supporting India with three new molecules to our portfolio. For highly specialised polymers and liquid crystals, these three molecules will be used as advanced intermediates.

He further stated that this agreement is in line with their strategy of expansion in the fluoropolymer and electronic segments, manufacturing high value molecules and boosting the value chain with the support of our customers.

Mr. Anand Desai focussed on how this agreement demonstrates the boost in confidence of global multi-national companies (MNCs) in their technical capabilities and sustainable supply chain. It further proclaims the focus on Make in India.

Disclaimer: This information has been collected through secondary research and IBEF is not responsible for any errors in the same.