Police say the stock of a chemical substance that was found in Kandana was placed as decorative rocks in the garden of a house.

The chemical substance, suspected to be used in the manufacturing of crystal methamphetamine (ICE),  was also found disposed of in an adjoining land. 

Over 100 kilos of chemical substances were found in the property in Kandana following Police investigations into a suspect, currently in custody. 

It is reported that the stock of chemicals found in Kandana is similar to the stock recovered during a raid on a property in Middeniya last week. (Newswire)

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The Indian chemical industry is gearing up to capture a bigger share of the global market as China struggles with unused production capacity, which is likely to keep chemical prices steady, according to Axis Capital report.

With an expected 4 per cent compound annual growth rate (CAGR) in the global speciality chemicals sector, India’s chemical industry is projected to expand at a faster pace of 15-20 per cent CAGR between CY22-30, driven by ongoing capacity expansion, R&D investments, and strategic market positioning.

Read more : https://www.aninews.in/news/business/indian-chemical-industry-set-for-15-20-pc-growth-amid-chinas-struggles-with-unused-capacity-report20241021103858/ (ANI)

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