Page 182 - CW E-Magazine (30-1-2024)

Special Report

per capita income growth is targeted, ancillaries, IT (especially those Unicorns fell off the $1-bn valua-

partially through tax cuts and the which have cottoned onto AI), green tion level. venture Capitalists, Seed Products CAS No.
balance through negotiated wage in- energy, energy storage solutions, Capital firms and Family offices,
creases. The weakening Yen helped biotech, etc. are expected to do are sitting on cash and are eyeing start- Malononitrile 109-77-3
73-40-5
Guanine
CAS
PRODUCTS
the export sector grow, but there is better in 2024 than they did in 2023. ups with reasonable valuations. Angel Chloroacetonitrile 107-14-2
every likelihood of the US Dollar investors remain active, though more N-(2-Amino-4,6-dichloro pyrimidine-5-yl) formamide [FADCP] 171887-03-9
weakening against the Yen in 2024. India is expected to remain the circumspect. 2-Amino-4,6-Dimethyoxy Pyrimidine [ADMP] 36315-01-2
The Japanese Central Bank is aware fastest growing economy in the 4-Fluorophenol 371-41-5
of the task ahead. Japan is trying world delivering around 6.2-6.5% According to Inc42’s Indian 5-ChloroThiophene-2-Carboxylic acid [5CTA] 24065-33-6
to ‘import’ young talent from other GDP growth in FY 24-25. The Tech Start-up Funding Report Q3 (3r)-3-Amino-1-butanol 61477-40-5
countries, including India, to sup- Rupee is expected to remain stable 2023, fund raise by Indian start-ups Cyclopropane Carboxylic Acid 1759-53-1
port their technology skills and bala- in FY24 with the possibility of the dropped to $7.1-bn in the first nine 2,6-Dimethyl-1-Indanone [2,6DMI] 66309-83-9
nce their ageing population, so as RBI allowing it to appreciate mar- months of 2023, versus approxi- Acetonitrile 75-05-8
3-Ethyl-4-methyl-3-pyrrolin-2-one [EMPO]
766-36-9
to be able to compete with hungry ginally in the second half when the mately $22-bn raised during the Methylglyoxal Dimethyl Acetal [MGDA] 6342-56-9
and nimble competitors like Korea, Dollar dips. Inflation will probably corresponding period last year. This 3-Fluoro-4-Methylbenzonitrile [FBN] 170572-49-3
HongKong, vietnam, and China. The however around 5%. The stock mar- led to 34,785 employees being laid 3-Fluoro-4-(Hydroxymethyl) Benzonitrile [FHMBN] 219873-06-0
Japanese stock market is expected to kets are already rising in anticipation off by 121 Indian start-ups. Byju’s Sucralfate 54182-58-0
give a big thumbs up with a likely of stable economic policies and the debacle hurt two dozen edtech start-ups. Benzethonium Chloride [BTC] 121-54-0
increase in ToPIX by nearly 13% in inflow from domestic (30-mn new Start-up founders and their insti- 2-AminoBenzonitrile [2ABN] 1885-29-6
2024 – excellent by global standards. equity investors due to the growing tutional investors have suddenly 2-Amino-5-chlorobenzoic acid [ACBA] 635-21-2
middle class) and foreign invest- realised, after resisting for three Anthranilamide 88-68-6
Indonesia will remain a star in Asia ments. Inclusion in the JP Morgan quarters, that their ‘valuation’ driven 4-Methyl Pyrazole 7554-65-6
in 2024, with a growth around 5%, GBI with 10% weightage could bring model is well past the sell by date. 4,4'-Dihydroxydiphenyl Ether [DHDE] 1965-09-9
500011-86-9
3-Bromo-1-(3-chloro-2-pyridinyl)-1H-pyrazole-5-carboxylic Acid [K Acid]
despite lower commodity prices in $20-30 bn in 2024. India’s weight- The emerging era of top and bottom- 2-Methoxy-5-nitropyridine 5446-92-4
because inflation is expected to age in the MSCI Global index has line driven start-ups, which create 5-tert-Butyl-m-Xylene 98-19-1
drop, Government spending likely risen from 15.9% to 16.3%, leading real value, opens up good opportuni- 2-Chloro DiPhenyl Ether [CDPE] 2689-07-8
to rise in the Election year, and due to a prospect of additional $ 1.5-bn ties for angel investors, in which re- Decanenitrile [DCN] 1975-78-6
to consumer expenditure support. It foreign inflow into the equity mar- turns could be many times what the 5-Methyl 5-Phenyl Hydantoin [MPH] 6843-49-8
remains a target for China+1 invest- kets. This, and other factors like capital market offers. This also of-
ments. The Government is going all better corporate results, etc. could fers an opportunity for founders with Exclusive synthesis & CDMO Services
out to bring in foreign capital invest- mean a 13-15% increase in BSE genuine business ideas, who were Inventys offers customized development & manufacturing services for Crop Protection, Pharma & Specialties. We have state-of-the-art

ments, which might work because of and NSE equity indices in FY24-25. earlier crowded out by smart talking competence in process R&D and small to medium scale manufacturing conforming from ISO up to GMP standards.
political stability. Large caps may see revival, while founders running flaky start-ups. All
Contract Manufacturing mid and small caps, which delivered this begs the question, ‘Would you
Positive mood in India stellar performance in 2023, may not invest in a basket of equities and Active Pharmaceutical Ingredients (API)
Finally coming to India: the pre- continue to do well in 2024. This start-ups in India and a few select
vailing mood is positive, and the might also offer excellent opportunity EMs, now that the time is ripe?’ Registered Starting Materials
services for Agro, Pharma & Specialities. We have state-
incumbent Government is expected to cherry pick value stocks, besides
of-the-art competence in process R&D and small to
to be returned in the Parliamentary investing in unlisted NSE stocks. If Some of us, including me, would Advanced Intermediates
medium scale manufacturing conforming from ISO up to
elections. There may be additional so, would you not invest in Indian answer positively to all seven ques-
GMP standards.
Government spending in the Jan-Mar and Japanese equities now, instead of tions that I posed in this article Active Ingredients
2024 quarter and a populist Annual defensively playing the debt game? though many readers would have
Budget on Feb 1, with the intent to good reasons for not agreeing to
eliminate any residual chances of an The funding winter for Start- many of the seven. I am reminded of Crop Protection Intermediates
opposition victory. Private capital ups, which started a year ago, has a verse from Robert Frost’s famous
expenditure might get revived post- not yet lifted. This has taken the poem, The Road Not Taken. I shall Specialties
elections. Some sectors like real froth out of start-up valuations and be telling this with a sigh somewhere
INVENTYS RESEARCH COMPANY PVT LTD
estate, construction materials (includ- have taken founders without sensible ages and ages hence: “Two roads Inventys Research Company Pvt. Ltd.
ing cement, paints, plastic pipes, steel), projects off the charts. There was diverged in a wood, and I took the
NBFCs, insurance, pharmaceuticals, only one Unicorn added in India in one less travelled by, And that has Kanakia Zillion, Near Kurla Bus Depot, Kurla (West), Mumbai - 400 070. India
automobiles (especially Evs), auto 2023, while 10 of the existing 108 made all the difference.” Email : CW@inventys.IN Tel: +91.22.714.00.200 Fax: +91.22.714.00.299

182 Chemical Weekly January 30, 2024

Contents Index to Advertisers Index to Products Advertised