Last Updated: November, 2016
Basic chemicals and their related products (petrochemicals, fertilisers, paints, varnishes, glass, perfumes, toiletries, pharmaceuticals, etc.) constitute a significant part of the Indian economy. Among the most diversified industrial sectors, chemicals cover an array of more than 70,000 commercial products. In 2015-16, total Foreign Direct Investments (FDI) in chemicals (excluding fertilisers) stood at US$ 1.47 billion whereas cumulative FDI till March 2016 from April 2000 was US$ 11.9 billion.
India is the seventh largest producer of chemicals globally and third largest producer in Asia in terms of output. The country ranks fourth globally in the production of agro chemicals and contributes around 15 per cent to the global dyestuff and dye intermediates production.
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$ 3.8 billion in April-July 2016.
The US, the UAE, the UK, Bangladesh and Saudi Arabia are the leading importers of cosmetics, toiletries and essential oils.
Over April-July 2016, exports of dyes and dye intermediates increased 1.1 and 16.2 per cent year-on-year to US$ 657.8 billion and US$ 56.12 billion respectively. During the period, exports of essential oils increased 2.9 per cent to US$ 35.3 million and that of castor oil improved 8.3 per cent to US$ 220.12 million. Exports of inorganic, organic and agro chemicals stood at US$ 213.6 million, US$ 1.5 billion and US$ 626.6 million respectively.
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.
Source: Basic Chemicals, Pharmaceuticals And Cosmetics Export Promotion Council
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.
Ministry of Commerce