It is believe that the prices of products such as cosmetics, soaps and detergents will increase in the Indian market due to the effects of the weakening rupee.

Satish Wagh, chairman, Basic Chemicals, Pharmaceuticals & Cosmetics Export Promotion Council said that the prices of these products will increase due to higher cost of raw materials due to a weaker rupee. He said that the imports have become more expensive for traders in the country.

Nadir Godrej, MD, Godrej Industries voiced similar concerns by saying that refineries in India are facing difficulty due to higher prices of the raw material. He also said that some independent refineries are also facing closure.

The home and personal care market in India has been seeing healthy growth in recent years. The demand for personal care products increased between 18-20% while the demand for laundry products rose 8% this year.

Wagh said that the Indian Home & Personal Care Industry Association and Oil Technologists Association of India, in association with Chemexcil, is organising an international summit here from December 10-13 for discussing issues like sustainability, markets, innovation and other issues of the industry.