Bottles of perfume sit inside fragrance store 99ml in Hong Kong, China. (Photographer: Billy H.C. Kwok/Bloomberg)
The boom in specialty and bulk chemicals has brought into focus Indian suppliers of aromatic chemicals used in everything from perfumes and lipsticks to packaged foods.Global companies either acquired stake or partnered with domestic firms in the segment this year in at least three such deals. That comes when suppliers of raw materials to the consumer goods sector are now looking to diversify beyond China.Consolidation is happening i...