“The headwind that we are also seeing currently in chemicals is that there is a slowdown in Europe. A lot of clients in Europe are holding back orders. So, there is a short-term challenge that the space is seeing. But if you take a little longer-term view of at least the next one, one-and-a-half, two years, clearly there are very interesting plays that reside in the sector. There is a stickiness to the business. Clients do not really change their suppliers very often.”
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