IMD Companies Inc (ICBU)

[Then what happened]

India needs lots of PVC pipes! Google it.

Key Takeaway from Ken Research report titled India Plastic Pipes and Fitting Market Forecast to 2026
•Increasing government investment in agriculture and related activities will augment the growth in PVC pipes and fittings market in India.
•The rise in population will lead to growth will be a major contributor to the PVC pipes and fittings market in India through increase in demand for housing.
•Growing problems of water shortage will also lead to increase in demand for PVC pipes and fittings.

The market for plastic pipes and fittings in India is in its growth stage, growing at double digit CAGR during FY'2013 - FY'2018. The market poise compelling future opportunities with increasing investment by the government in agricultural projects and welfare of farmers. Schemes and programs such as PMKSY (Pradhan Mantri Krishi Sinchayee Yojana) will increase demand for irrigation systems to be installed in farms and fields. This will lead to increase in PVC pipes and fittings which are used in installation of such systems. It has also been anticipated that both urban and rural areas in India are likely to suffer from water shortage problems due to erratic rainfall patterns and decreasing natural sources of water. This will lead to the construction of more borewells across the country to draw groundwater. The rising prices of PVC resin which is the main raw material in manufacturing of PVC pipes and fittings is likely to act as a growth restraint in the market.