A big bet on the U.S. fracking boom is coming back to haunt India’s guar industry.
Orders for guar gum -- used to extract shale oil and gas -- are drying up as U.S. companies cut investments following the plunge in crude oil prices. For Vikas WSP Ltd., India’s second-largest exporter, that’s meant idling 40 percent of its 140,000 metric ton capacity, a sign of industry stress.
