792-Dr. J. K. Patel Institute Of Management - Gujarat Technological ...
792-Dr. J. K. Patel Institute Of Management - Gujarat Technological ... 792-Dr. J. K. Patel Institute Of Management - Gujarat Technological ...
Potential for import / export in India / Gujarat Market UAE companies are in talk with Gujarat Alkalies & Chemicals Ltd (GACL) Proposes to set up caustic soda facility in UAE. State-owned Gujarat Alkalies & Chemicals Ltd (GACL), the country’s largest caustic soda manufacturer, is in talks with a UAE-based business group for setting up a caustic soda manufacturing facility in the UAE. The Rs 1,200-crore GACL has asked the foreign player to conduct a market survey to assess the demand for caustic-chlorine products in the UAE. The GACL officials were in Dubai recently to take this further. “The UAE-based entity had approached GACL seeking its co-operation to establish a caustic soda manufacturing plant in the UAE. Currently, a market survey is being carried out on the type of ancillary industries present there and the requirement of caustic and chlorine in the UAE,” sources close to the development told Business Standard. They said the nature of collaboration would be finalised only after the results of the survey were out. The market survey is likely to take around four months. While the name of the group is not known, it is a leading business houses with operations in the UAE. GACL is also said to be open to the idea of joining hands with the foreign player. GACL managing director Guruprasad Mohapatra believes that there is a good potential for caustic soda and chlor-alkali business in the West Asia. “If things work out, the production capacity of the plant may be in the range of 750 tonnes per day (tpd) to 1,000 tpd,” sources said. Future Outlook of Oil & Gas Sector UAE with roughly 8% of the global resources and oil to last for 100 years is definitely at an enviable position. Given the high global demand for energy and supply and Parul Institute of Management and Research - 792 Page 26
increased reliance of transportation sector on oil, economic growth will continue to be strong due to oil revenues. UAE economy has been in a state of boom of the past eight years with the GDP recording double growth rates in each successive year. Despite largely successful efforts at economic diversification, nearly 40% of GDP is directly based on oil and gas output. A number of challenges face the UAE, some relating to the oil industry itself, and others concerning the economic management of the oil wealth. Aside from the need for a large capital infusion into the industry, UAE has the additional challenge of using the sector as a vehicle for increasing intraregional trade. The most important challenge, however, lies in designing appropriate macroeconomic policies to ensure that the oil wealth is managed effectively. The oil market this year in 2009 has been strongly impacted by the financial crisis, global recession and resulting erosion in world oil demand. These factors have substantially magnified the uncertainties affecting the market and contributed significantly to volatility. The UAE's anti-crisis stimulus measures as a percentage of (GDP) are the largest among global emerging markets and is set to boost liquidity. The UAE Central Bank has put in place two support packages worth Dh120 bn and has also guaranteed bank deposits and allowed lenders to perform dirham-dollar swaps. The Abu Dhabi Government pumped about Dh16 bn into a recapitalization exercise involving five banks. These measures constitute about 16% of the country's 2008 GDP. Measures taken by bank, positive signs of economic recovery and the recent surge in oil prices due to OPEC production cuts has contributed to reviving investor confidence. This coupled with increased demand of oil and gas from developing economies is set to give an optimistic look to the UAE oil and gas sector. World oil consumption is expected to rise for the first time in two years in 2010 as a recovery in the global economy boosts demand. As one of the fastest growing economies in the world, the outlook for the UAE economy is very positive and this scenario is likely to continue in the foreseeable future. Parul Institute of Management and Research - 792 Page 27
- Page 1 and 2: A GLOBAL / COUNTRY STUDY AND REPORT
- Page 3 and 4: ACKNOWLEDGMENT No task is a single
- Page 5 and 6: PART - I ECONOMIC OVERVIEW OF THE S
- Page 7 and 8: Distance from India to uae : 6,08.2
- Page 9 and 10: At birth: 1.05 male(s)/female Under
- Page 11 and 12: Major Trading Partners: Exports: Ja
- Page 13 and 14: 3. Overview of Industries Trade and
- Page 15 and 16: as a key manufacturing activity ove
- Page 17 and 18: China (9.9 percent of the total). O
- Page 19 and 20: 7. SWOT Analysis Strength The UAE
- Page 21 and 22: The UAE is one of the few tax-free
- Page 23 and 24: OIL AND GAS INDUSTRY OF UAE By far
- Page 25: as the gas pipes from Sharjah. The
- Page 29 and 30: Dubai diamond trade rises 22% to 18
- Page 31 and 32: Giant diamond showcased in Dubai A
- Page 33 and 34: Dubai and Thailand explore trade op
- Page 35 and 36: RELATION WITH GUJARAT AND INDIA Cha
- Page 37 and 38: Values Integrity, Solidarity, Credi
- Page 39 and 40: Sub-brand D’damas offers D’dama
- Page 41 and 42: TEXTILE INDUSTRY OF UAE The textile
- Page 43 and 44: Having a presence can provide consi
- Page 45 and 46: Parul Institute of Management and R
- Page 47 and 48: Industrial Sector: Education Sector
- Page 49 and 50: Import Licensing: India has liberal
- Page 51 and 52: industry is the biscuit promote, wh
- Page 53 and 54: IFFCO VISION AND VALUE VISION Creat
- Page 55 and 56: 2. Choose suppliers, partners, agen
- Page 57 and 58: Impulse foods: 1. Impulse foods 2.
- Page 59 and 60: • A certificate of insurance •
- Page 61 and 62: that keep them ahead in the industr
- Page 63 and 64: Telecommunications Infrastructure D
- Page 65 and 66: Smart buildings Etisalat Abu Dhabi
- Page 67 and 68: Towers and Rose Rotana, and is curr
- Page 69 and 70: as the Almas Tower, Princess Tower,
- Page 71 and 72: RETAIL INDUSTRY OF UAE Retail indus
- Page 73 and 74: Based on a Moderate Growth scenario
- Page 75 and 76: Retail Brands: Centre point: Centre
Potential for import / export in India / <strong>Gujarat</strong> Market<br />
UAE companies are in talk with <strong>Gujarat</strong> Alkalies & Chemicals Ltd (GACL) Proposes<br />
to set up caustic soda facility in UAE.<br />
State-owned <strong>Gujarat</strong> Alkalies & Chemicals Ltd (GACL), the country’s largest caustic<br />
soda manufacturer, is in talks with a UAE-based business group for setting up a<br />
caustic soda manufacturing facility in the UAE.<br />
The Rs 1,200-crore GACL has asked the foreign player to conduct a market survey<br />
to assess the demand for caustic-chlorine products in the UAE.<br />
The GACL officials were in Dubai recently to take this further. “The UAE-based entity<br />
had approached GACL seeking its co-operation to establish a caustic soda<br />
manufacturing plant in the UAE. Currently, a market survey is being carried out on<br />
the type of ancillary industries present there and the requirement of caustic and<br />
chlorine in the UAE,” sources close to the development told Business Standard.<br />
They said the nature of collaboration would be finalised only after the results of the<br />
survey were out. The market survey is likely to take around four months. While the<br />
name of the group is not known, it is a leading business houses with operations in<br />
the UAE. GACL is also said to be open to the idea of joining hands with the foreign<br />
player.<br />
GACL managing director Guruprasad Mohapatra believes that there is a good<br />
potential for caustic soda and chlor-alkali business in the West Asia. “If things work<br />
out, the production capacity of the plant may be in the range of 750 tonnes per day<br />
(tpd) to 1,000 tpd,” sources said.<br />
Future Outlook of Oil & Gas Sector<br />
UAE with roughly 8% of the global resources and oil to last for 100 years is definitely<br />
at an enviable position. Given the high global demand for energy and supply and<br />
Parul <strong>Institute</strong> of <strong>Management</strong> and Research - <strong>792</strong> Page 26
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