CHEMEXCIL’s Export Award Ceremony Highlights India’s Chemical Growth

Mumbai: The 48th CHEMEXCIL Export Award Ceremony took place in Mumbai, celebrating the success of India’s chemical industry. Union Minister of State for Chemicals and Fertilizers, Smt. Anupriya Patel, attended the event and praised CHEMEXCIL’s efforts in boosting chemical exports and strengthening India’s presence in global markets.

Minister Patel highlighted the important role of CHEMEXCIL, which promotes the export of dyes, chemicals, cosmetics, and essential oils. Established in 1963 by the Ministry of Commerce & Industry, CHEMEXCIL has played a key part in expanding India’s chemical exports.

India’s Growing Chemical Exports

India’s chemical exports under CHEMEXCIL reached USD 29.34 billion from April 2023 to March 2024. From April to December 2024, exports grew to USD 21.20 billion, a 4.76% increase from the previous year’s USD 20.24 billion. Looking ahead, CHEMEXCIL has set a target of USD 31.53 billion for 2024-25.

The chemical industry is one of India’s fastest-growing sectors, supplying essential products for fertilizers, medicines, textiles, plastics, agrochemicals, paints, and dyes. India is the sixth-largest producer of chemicals globally and third in Asia, contributing 7% to the country’s GDP.

Future Growth and Global Position

India’s chemical industry is valued at USD 220 billion and is expected to grow to USD 300 billion by 2030 and USD 1 trillion by 2040. The country is the fourth-largest producer of agrochemicals after the US, Japan, and China. India also accounts for 16-18% of global dye production and has a strong 15% share in the international colorants market. The sector employs over 2 million people and contributes about 3% to the global chemical industry.

Industry Welcomes Budget 2025-26

CHEMEXCIL Chairman Shri Abhay Udeshi praised the Union Budget 2025-26 for providing duty relief on key chemicals. With 65% of chemical firms in India being small or medium enterprises (MSMEs), the budget offers better credit access and funding for technological improvements and business growth.

With government support and strong industry performance, India’s chemical sector is set to reach new heights in manufacturing and exports, further strengthening its position in the global market.

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