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ISSUE - 1 | APRIL - JUNE | YEAR: 23-24

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Message from the Managing Director & CEO

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Ut vero consetetur. Erat voluptua vero dolore. Sed accumsan congue. Sanctus placerat clita vulputate minim praesent consequat. Amet gubergren clita Warm regards, Mr. XYZ MD & CEO, Shakun Polymers

IN FOCUS

API and speciality chemicals industry poised for growth in India

Due to the increase demand from the pharmaceutical, food, and beverage industries, the API and speciality chemical industry are Favorable demographics poised to grow in the coming years. Furthermore, the government initiatives to promote the sector have accelerated With a young and growing population, India has a huge market for its growth. consumer goods such as food, beverages, and personal care According to a recent report by the India Brand Equity products. These products often require speciality chemicals as Foundation (IBEF), the Indian API market is expected to grow ingredients. from USD 2.5 billion in 2021 to USD 4.5 billion by 2026, with the market is also expected to grow at a CAGR of 10% over the same period.

Cost advantage

There are number of factors that are the driving force behind the growth of the API and speciality chemicals industry, such as:

Boost in demand from the pharmaceutical industry With India being one of the major producers of pharmaceuticals in the world, the demand for pharmaceuticals from domestic and international markets is driving the desire for APIs and speciality chemicals.

Government initiatives The Indian government's newly launched initiative's such as Production Linked Incentive (PLI) scheme for bulk drugs and pharmaceutical intermediates, and the National Programme on Advanced Chemistry and Catalysis (NPACC) has boosted the API and speciality chemicals industry.

Due to the availability of low-cost labour and raw materials, India has a cost advantage over other countries in the production of APIs and speciality chemicals.

The growth of the API and speciality chemicals industry in India is a positive development for the country's economy as it will create jobs and generates export revenue. The industry also helps to reduce India's dependence on imports of APIs and speciality chemicals.

Team Tales Let’s Celebrate

10YEARS

Here, we take a moment to honour and celebrate the dedication and commitment of our valued team members as they mark another year of excellence with SP Lifescience Limited. Join us in recognizing the continuous contribution of our employees that have driven our success.

New Joinee

Spotlights Explore a world of opportunities and knowledge in this section, where we shine a spotlight on our recent events, enlightening seminars, and transformative training programs.

Let's celebrate the growth, learning, and collaboration that empower our team members and drive innovation throughout SP Lifescience Limited.

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Beyond Business Here, we proudly highlight our commitment to giving back and making a positive impact in the community we serve. Explore the meaningful community events, initiatives, and partnerships that reflect our core values and demonstrate our dedication to being a responsible citizen.

Shakun Impact on Society ESG Investments

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