India’s export sector has been a cornerstone of its economic growth, contributing significantly to the nation’s GDP. In the fiscal year 2023-24, India’s merchandise exports reached an impressive US$ 317.12 billion.

This achievement is a testament to the collaborative efforts between the government and various export promotion councils, notably CAPEXIL (Chemical and Allied Export Promotion Council). Established in 1958 under the Ministry of Commerce and Industry, CAPEXIL has been instrumental in advocating for export-friendly policies and facilitating government incentives to bolster the export landscape.

Government Incentives Fueling Export Growth

The Indian government has implemented a series of initiatives to enhance the competitiveness of Indian exporters on the global stage. One of the flagship programs is the Merchandise Exports from India Scheme (MEIS), designed to offset infrastructural inefficiencies and associated costs, thereby providing a level playing field for exporters.

Additionally, the Foreign Trade Policy 2015-20 introduced various promotional measures aimed at boosting exports. These measures include duty exemptions and remission schemes, export promotion capital goods schemes, and initiatives to promote the development and diversification of export markets.

In 2024, the government launched the Trade Connect e-platform, a single-window initiative to assist exporters and MSMEs in accessing new markets. This platform aims to streamline the export process, making it more efficient and accessible for businesses of all sizes.

CAPEXIL’s Role in Policy Advocacy

CAPEXIL has been at the forefront of policy advocacy, ensuring that the interests of exporters in the chemical and allied sectors are well-represented. The council offers advisory services to its members, providing updates on policies, rules, and regulations pertinent to the export sector. This includes information on government schemes, export incentives, tax benefits, and logistics support.

Furthermore, CAPEXIL facilitates networking opportunities by connecting Indian exporters with potential buyers, investors, and business partners globally. Through trade delegations and international buyer-seller meetings, the council enables businesses to establish and strengthen relationships with key stakeholders in the global market.

The council also conducts research and development activities, gathering information about the latest trends in the chemical and allied products sector. This includes insights into technological advancements, changing regulations, and market shifts, helping Indian exporters stay ahead of global competition.

Impact of Policy Advocacy on Export Performance

CAPEXIL’s persistent advocacy has led to tangible benefits for exporters. By engaging with policymakers, the council has contributed to the extension of export promotion schemes, providing continued support to exporters.

Moreover, CAPEXIL’s efforts have been instrumental in the negotiation of free trade agreements, such as the India-European Free Trade Association (EFTA) Trade and Economic Partnership Agreement signed in March 2024. This agreement is expected to enhance market access for Indian exporters, promoting the growth of exports in the chemical and allied sectors.

Altus Exports: Partnering with Indian Manufacturers for Global Success

As Indian manufacturers seek to expand their footprint in international markets, partnering with experienced export facilitators becomes crucial. Altus Exports stands as a premier merchant exporter, delivering the best of India’s textiles, handicrafts, chemicals, and food products to the world.

How Altus Exports Can Assist Indian Manufacturers

1. Quality Assurance: Altus Exports prioritizes quality at every step, from sourcing to packaging. Their rigorous quality control processes ensure that products meet the highest international standards, enhancing the reputation of Indian goods abroad.
2. Extensive Network: With a robust network of trusted suppliers, manufacturers, and artisans across India, Altus Exports offers a diverse range of products and swift response times to meet global demands.
3. Customer-Centric Approach: Understanding the unique requirements of international markets, Altus Exports provides tailored solutions to clients, ensuring satisfaction and fostering long-term relationships.
4. Sustainable Practices: Committed to eco-friendly and ethical business practices, Altus Exports minimizes environmental impact and supports fair trade and ethical labor standards, aligning with global expectations.
5. Competitive Pricing: Efficient supply chain management enables Altus Exports to offer high-quality products at competitive prices, delivering exceptional value to clients.
6. Global Reach: With extensive international trade experience, Altus Exports exports to numerous countries, ensuring seamless transactions and regulatory compliance.

Partnering with Altus Exports

Indian manufacturers looking to export their products can benefit from partnering with Altus Exports. By collaborating, manufacturers gain access to global markets, benefit from established distribution networks, and receive support in navigating the complexities of international trade. Altus Exports’ expertise ensures that Indian products reach the right markets efficiently and effectively.

To explore partnership opportunities, manufacturers can visit Altus Exports’ Manufacturer Partnership page.

Conclusion

The synergy between government incentives and CAPEXIL’s proactive policy advocacy has created a conducive environment for Indian exporters. Organizations like Altus Exports further amplify this advantage by providing the necessary infrastructure, network, and expertise to navigate global markets. By leveraging these resources, Indian manufacturers can