The Indian chemical industry stands as a cornerstone of the nation’s economic framework, contributing approximately 7% to India’s GDP. In 2022, the industry was valued at around $220 billion and is projected to reach $300 billion by 2025, with aspirations to touch $1 trillion by 2040.

A significant driver behind this impressive growth trajectory is the Basic Chemicals, Cosmetics & Dyes Export Promotion Council, commonly known as Chemexcil. Established by the Ministry of Commerce & Industry in 1963, Chemexcil has been instrumental in promoting and facilitating the export of Indian chemicals to global markets.

Chemexcil’s Initiatives in Promoting India’s Chemical Sector Internationally

1. Trade Facilitation and Market ExpansionChemexcil organizes participation in international exhibitions and trade fairs, providing Indian exporters with platforms to showcase their products. For instance, in October 2023, Chemexcil, with support from the Ministry of Commerce & Industry under the MAI scheme, organized an Indian Pavilion with 20 companies during the KHIMIA 2023 exhibition in Moscow, Russia.
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   Such initiatives enable Indian manufacturers to connect with potential buyers, understand market dynamics, and expand their global footprint.

2. Capacity Building and Knowledge DisseminationRecognizing the importance of knowledge in global trade, Chemexcil conducts webinars and interactive sessions to educate exporters on various aspects of international trade. In January 2025, the council organized a webinar on ‘Free Trade Agreement and Product-Specific Rules with CAROTAR 2020’, attracting 147 attendees. Such sessions equip exporters with the necessary knowledge to navigate complex international regulations and optimize their export strategies.
3. Advocacy for Policy SupportChemexcil actively engages with the government to advocate for policies that enhance the competitiveness of Indian chemical exports. The council has been instrumental in pushing for the inclusion of Chapters 28 and 29 under the RoDTEP Scheme and fixing adequate RoDTEP rates for value-added products like castor oil derivatives and specialty chemicals.Such policy interventions help in reducing the cost burden on exporters, making Indian products more competitive in the global market.
4. Promotion of Sustainable PracticesAligning with global sustainability trends, Chemexcil is promoting ‘Green Chemicals’ to ensure that Indian exports meet international environmental standards. This focus not only opens up new markets that prioritize sustainability but also enhances the global image of India’s chemical industry.

Impact on Export Performance

Chemexcil’s multifaceted initiatives have yielded significant results. India’s chemical exports are projected to surpass $30 billion in the fiscal year 2024-25, reflecting the effectiveness of the council’s strategies.

The United States emerged as a major destination, with exports valued at $3.6 billion, marking a 59% growth over the previous year.

Such impressive figures underscore the pivotal role Chemexcil plays in positioning India as a key player in the global chemical industry.

Altus Exports: Partnering with Indian Manufacturers for Global Success

While organizations like Chemexcil lay the groundwork for international trade, the role of merchant exporters like Altus Exports is crucial in bridging the gap between Indian manufacturers and global markets. Altus Exports specializes in delivering high-quality Indian chemicals to international buyers, ensuring that products meet stringent global standards.

How Altus Exports Can Assist Indian Manufacturers

1. Expertise in Global Market DynamicsAltus Exports possesses a deep understanding of international market trends, regulatory requirements, and consumer preferences. This expertise enables them to provide valuable insights to manufacturers, helping them tailor their products to meet global demands.
2. Robust Network of International BuyersWith an extensive network of buyers across various countries, Altus Exports can facilitate swift market entry for Indian manufacturers. Their established relationships ensure that products reach the right customers efficiently.
3. Comprehensive Export ServicesFrom handling documentation and compliance to logistics and distribution, Altus Exports offers end-to-end export solutions. This comprehensive support allows manufacturers to focus on production while leaving the complexities of international trade to the experts.

Partnering with Altus Exports

Indian manufacturers aiming to expand their global presence can benefit significantly from a partnership with Altus Exports. The company seeks manufacturers who produce export-quality products, aspire for a global footprint, and possess the necessary documentation and certifications. By collaborating with Altus Exports, manufacturers gain access to international markets and benefit from the company’s expertise in global trade dynamics.

For more information on partnership opportunities, manufacturers can visit Altus Exports’ Manufacturer Partnership page.

Conclusion

Chemexcil’s relentless efforts have undeniably propelled India’s chemical industry onto the global stage. However, the journey from production to international distribution requires the expertise of merchant exporters like Altus Exports. Together, through strategic partnerships and a shared commitment to excellence, Indian manufacturers can navigate the complexities of global trade and achieve unparalleled success in international markets.