Last Updated: July, 2014
Basic chemicals and their related products (petrochemicals, fertilisers, paints, varnishes, glass, perfumes, toiletries, pharmaceuticals, etc.) form a very significant part of the Indian economy and account for about 3 per cent of India's GDP. Among the most diversified industrial sectors, it covers an array of more than 70,000 commercial products. India's chemical industry is the second largest in the world and it has diverse advantages that include sizeable manufacturing base, large refining capacity, strategic location of being close to consuming Asian markets, basic chemistry skills and engineering and process skills.
In 2012-13, India exported dyes and dyes stuffs of about 305,038 million tonnes (MT), organic chemicals of about 406,944 MT and agro chemicals of about 109,541 MT valued at US$ 1.32 billion, US$ 619 million and US$ 967 million respectively.
The UAE, the US, China and Saudi Arabia are the leading importers of cosmetics, toiletries and essential oils.
The exports of inorganic and organic chemicals to the US reached about 9626 MT valued at about US$ 44.28 million in 2012-13.
North America, Western Europe, Japan and emerging economies in Asia and Latin America are some of the major markets for Indian chemicals.
The US, the Netherlands and China are the leading export destinations for Indian inorganic, organic and agro chemicals.
The promotion of product groups such as dyes and dye intermediates, basic inorganic and organic chemicals, including agro-chemicals, cosmetics, toiletries, essential oils, agarbattis, 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 is engaged in organising promotional events and fairs for helping exporters in identifying potential markets abroad and in providing publicity and marketing back-up.
Basic Chemicals, Pharmaceuticals and Cosmetics Export Promotion Council (CHEMEXCIL)
Other Export Promotion Councils:
Disclaimer: This information has been collected through secondary research and IBEF is not responsible for any errors in the same.