India’s chemical industry has witnessed significant growth, with exports reaching over $30 billion in the fiscal year 2022-2023.

This success is largely attributed to various government incentives and schemes designed to bolster the sector’s global competitiveness. A pivotal player in this landscape is the Basic Chemicals, Cosmetics & Dyes Export Promotion Council, commonly known as Chemexcil, which plays a crucial role in facilitating and promoting chemical exports.

Government Incentives and Schemes for Chemical Exporters

The Indian government has implemented several initiatives to support chemical exporters:

1. Rebate of Duties and Taxes on Exported Products (RoDTEP): Introduced to replace the Merchandise Exports from India Scheme (MEIS), RoDTEP aims to refund embedded taxes and duties that were previously non-recoverable, ensuring that exported products are tax-free and enhancing their price competitiveness in the global market.
2. Production Linked Incentive (PLI) Scheme: The government is developing a PLI program for the chemical sector to encourage domestic manufacturing.
3. Interest Equalization Scheme: Extended until June 30, 2024, this scheme offers interest subsidies on pre and post-shipment rupee export credit, reducing the cost of finance for exporters.
4. Trade Infrastructure for Export Scheme (TIES): Aimed at developing export infrastructure, TIES provides financial assistance to central and state agencies for creating facilities like testing labs, cold chains, and warehouses, thereby enhancing the logistics capabilities of exporters.

The Role of Chemexcil in Promoting Chemical Exports

Established by the Ministry of Commerce & Industry in 1963, Chemexcil serves as a bridge between the government and the chemical industry. Its primary functions include:

• Policy Advocacy: Chemexcil collaborates with the government to formulate export-oriented policies, ensuring that the interests of chemical exporters are represented.
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• Market Development: The council organizes trade delegations, exhibitions, and buyer-seller meets to explore new markets and opportunities for Indian chemical products.
• Information Dissemination: By providing members with updates on international trade regulations, market trends, and government notifications, Chemexcil ensures that exporters stay informed and compliant.
• Capacity Building: Through seminars, workshops, and training programs, the council enhances the capabilities of exporters, helping them navigate the complexities of international trade.

Altus Exports: Partnering with Indian Manufacturers for Global Success

While government initiatives and organizations like Chemexcil provide a robust framework for export promotion, partnering with experienced export facilitators can further amplify a manufacturer’s global reach. Altus Exports specializes in assisting Indian manufacturers in exporting their products seamlessly.

How Altus Exports Can Assist:

• Buyer Identification: Leveraging an extensive network and comprehensive databases, Altus Exports identifies potential buyers across various international markets, ensuring that products reach the right audience.
• Marketing Expertise: A skilled marketing team promotes products effectively in the global arena, utilizing both traditional and digital strategies to maximize visibility and demand.
• Regulatory Compliance: Navigating international trade regulations can be complex. Altus Exports ensures that all necessary documentation and certifications are in place, facilitating smooth cross-border transactions.
• Logistical Support: From handling shipping arrangements to managing customs procedures, Altus Exports provides end-to-end logistical support, ensuring timely and efficient delivery of products.

By partnering with Altus Exports, Indian chemical manufacturers can focus on their core competencies while leveraging expert support to expand their global footprint. To explore partnership opportunities, visit Altus Exports’ Manufacturer Partnership page.

Conclusion

The Indian government’s incentives and the proactive role of organizations like Chemexcil have significantly contributed to the growth of chemical exports. By collaborating with experienced export partners like Altus Exports, manufacturers can navigate the complexities of international trade more effectively, ensuring sustained success in the global market.