Last Updated: March, 2015
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. The Indian chemical industry stands as the third largest producer in Asia and 12th in world, in terms of volume. The industry 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 US$ 4,142 million, organic, inorganic and agro chemicals of around US$ 5,874.6 million and cosmetics and essential oils of around US$ 1,608.79 million respectively.
The UAE, the US, China and Saudi Arabia are the leading importers of cosmetics, toiletries and essential oils.
North America, Western Europe, Japan and emerging economies in Asia and Latin America are some of the major markets for Indian chemicals.
China followed by USA and Indonesia emerged as the top three importers of dyes and dye intermediates from India in 2012-13.
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.