Air Products has announced that its joint venture in India – INOX Air Products Ltd – is to build six new air separation units (ASUs) in the country under a $100m investment to serve the growing onsite and merchant liquid industrial gases market.
Is this the moment that we will look back upon and say that’s when India’s budding industrial gases industry really began to take off?
India has long been the darling of optimistic growth projections, held aloft as one of the emerging economies to watch out for in the years ahead.
A number of leading gas and equipment players have moved to position themselves for this keenly anticipated wave of growth, investing in gas production plants and equipment manufacturing sites.
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