Since your business involves chemicals (you asked about drug-license earlier), keep these in mind:

Focus on speciality chemicals, intermediates, pharma-linked chemicals (CDMO / CRAMS) rather than bulk/commodity chemicals — gives better margin stability.

Consider export opportunities — as overall Indian chemical exports are rising; export markets can help offset domestic volatility.

Ensure strict regulatory compliance, documentation, and license-related transparency — as demand shifts toward safer and sustainable chemicals products.

Watch global supply/demand trends and import competition especially with imports from China or global overcapacity — pricing & margin strategies will need to be cautious