If there are Chemical Engineers or industry insiders available in this forum, their inputs will be really helpful.
I was trying to understand why there is a high import restriction on Boron and related raw materials in India, but couldn’t find any valid reason (I did find many articles on GOI backing up their stance on the restriction, but not a proper reasoning behind it).
In fact, in the report ‘Critical Minerals for India’ published by the Ministry of Mines in June 2023 (https://mines.gov.in/admin/storage/app/uploads/649d4212cceb01688027666.pdf), they highlight Boron as a raw material with ‘High Economic Importance as well as High Supply Risk’. This further feeds the confusion around the high import restrictions on the same.
Indo Borax’s competitiveness is clearly visible in their high Margins, ROIC and the little to no Capex requirement to grow at high double digits. Understanding the reasoning behind GOI’s adamant stance on import of Boron could contribute to unravelling Indo Borax’s Competitive Advantage and more importantly, whether it’s Sustainable or Unsustainable.
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