Exports of Indian Chemicals registered 106% growth in 2021-22 in 2013-14. Chemical exports to India in 2021-22 reached a record US $ 29296 Million, while in 2013-14 India Chemical exports were US $ 14210 Million.
Highlighting the success of the Tweet, the Minister for Trade and Industry, Consumer Affairs, Food and Distribution and Fabric, Shri PiyushGoyal said the export growth would improve the Prime Minister, Aatmanirbhar Bharat Abhiyan of Prime Minister Shri Narendra Modi.
Growth in Chemical exports has been achieved due to increased exports of Organic, Inorganic Chemicals, Chemicals Agrochemicals, Dyes and Medium Dyes, Special Chemicals.
Today the Indian Chemical industry has become a global player and earns the country foreign exchange in the form of “Make in India”. India is the 6th largest Chemical Manufacturer in the world and the third largest in Asia. India is ranked 14th in chemical exports.
Today India leads in the production of Dyes and contributes 16% -18% of global dye sales. Indian dye is exported to more than 90+ countries. India is the fourth largest producer of agricultural chemicals in the world and produces more than 50% pesticide grade technology.
About 50% of agricultural chemicals are exported from India to name. India is the largest producer and exporter of castor oil in the world and is responsible for approximately 85-90% of the total total exports in this sector.
India exports to more than 175 countries and the leading destinations are USA, China and new markets. Turkey, Russia and Southeast Asian countries (China, Hongkong, Japan, Korea RP, Taiwan, Macao, Mongolia) have also been added.
The increase in chemical exports has been achieved as a result of ongoing efforts on the part of the Ministry of Trade, Indian Subscribers. Also, CHEMEXCIL has taken various steps through Grant in Aid under the Market Access Initiative Scheme, organizing B2B exhibitions in various countries, exploring potential new markets through product-specific campaigns and marketing through active Indian ambassadors., Providing assistance finance. compliance with the law on the registration of overseas products, etc.
This increase in exports has been achieved despite unprecedented transport challenges such as high quality goods, shortage of boxes, etc. Increased exports of Chemical products have benefited small and medium-sized exporters from Gujarat, Maharashtra, Karnataka, Tamil Nadu and Andhra Pradesh.
Over the years, the industry has been innovating with new molecules, new technologies, product profiles, and quality to emerge as a modern world-class Chemical industry ready to take on global competition.
Aatmanirbharta’s call is not about a return to economic isolation. Its main objective is to secure India’s position as a key player in global chains. By building skills at home, India aims to contribute to reducing disruption to global markets. It is important to identify products and goods where India has the potential or potential to increase domestic production and improve global availability.
Independent India will ensure the production of quality products on a large scale, meet the needs of India and increase the export of production.
In order to promote economic growth, there is a great need for concerted efforts to maintain our position and growth in world trade and Government is taking all necessary steps to promote industrial growth and encourage exports.
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