Last Updated: August, 2015
Basic chemicals and their related products (petrochemicals, fertilisers, paints, varnishes, glass, perfumes, toiletries, pharmaceuticals, etc) constitute a significant part of the Indian economy, accounting for nearly 2.1 per cent of the GDP. Among the most diversified industrial sectors, chemicals cover an array of more than 70,000 commercial products. In 2014-15, total FDI in chemicals (excluding fertilisers) stood at US$ 669 million whereas cumulative FDI till May 2015 from April 2000 was US$10.5 billion.
Key Markets and Export Destinations
Total exports of dyes and dye intermediates, organic and inorganic chemicals, including agro chemicals, cosmetics and toiletries, essential oils, incense sticks and castor oil, stood at US$ 12.7 billion in 2014–15.
The US, the UAE, the UK, Bangladesh and Saudi Arabia are the leading importers of cosmetics, toiletries and essential oils.
In 2014–15, exports of dyes and dye intermediates increased 9.2 per cent year-on-year to US$ 2.4 billion from US$ 2.2 billion. In the same period, exports of cosmetics, soaps, toiletries and essential oils increased 6.9 per cent to US$ 1.5 billion and that of castor oil improved 6.6 per cent to US$ 771.6 million. Exports of inorganic, organic and agro chemicals stood at US$ 8.0 billion.
BASIC CHEMICALS, PHARMACEUTICALS AND COSMETICS EXPORT PROMOTION COUNCIL
The promotion of product groups such as dyes and dye intermediates, basic inorganic and organic chemicals, including agro-chemicals, cosmetics, toiletries, essential oils, incense sticks, castor oil and its derivatives, is handled by the Basic Chemicals, Pharmaceuticals and Cosmetics Export Promotion Council, which is popularly known as CHEMEXCIL. The Council organises promotional events and fairs to help exporters identify potential markets abroad and providing publicity and marketing back-up.
Ministry of Commerce
Other Export Promotion Councils:
Disclaimer: This information has been collected through secondary research and IBEF is not responsible for any errors in the same.