CHEMEXCIL crosses US$ 30.31 bn of chemical exports in FY23

CHEMEXCIL crosses US$ 30.31 bn of chemical exports in FY23

CHEMEXCIL to focus on exports to emerging markets, the concept of renewable chemicals named as “Green Chemicals” as well as bio based specialty chemicals and renewable chemicals

  • By ICN Bureau | April 16, 2023

CHEMEXCIL (Basic Chemicals, Cosmetics & Dyes Export Promotion Council) crossed USD 30 billion of exports in organic & inorganic chemical sector for the FY23 of which USD 27 billion of exports were achieved from April 2022 to February 2023. CHEMEXCIL will focus on the emerging markets concept of renewable chemicals named as “Green Chemicals” as well as Bio based Specialty chemicals and Renewable chemicals.

CHEMEXCIL Chairman S. G. Mokashi announced this major development on the occasion of the Council in the presence of the Chief Guest Anupriya Patel, Union Minister of State for Commerce and Industry, Govt. of India and Guest of Honour, Padma Bhushan Professor M. M. Sharma; Vice Chairman Abhay Udeshi; Past Chairman, Ajay Kadakia; Dr. Satish Wagh, Chemical Panel Chairman; S.G. Bharadi, Executive Director; Esteemed Council of Administration (COA) members, esteemed award winners, Captain of the Trade and Industries.

Speaking on the occasion, Patel said, “t is indeed a matter of great pleasure that CHEMEXCIL is organising the 47th Export Awards function to felicitate the outstanding exporters of Basic Chemicals, Dyes & Dye Intermediates, Cosmetics & Toiletries, Castor Oil and Speciality Chemicals, etc.

CHEMEXCIL plays an important role of interfacing with the industry and the Government of India in the formulation of export-oriented policies and to create a favourable and export friendly environment to augment exports of chemicals from India. There are challenges ahead in this fast-changing world and with continued policy support from the Government, the Council and the enterprising exporting community will definitely sustain and also surpass its enhanced momentum in export growth.”

She also conveyed her warmest greetings and felicitations to all the award winners for outstanding export performance and best wishes to CHEMEXCIL for the success of its members.

On 31st March 2023, Commerce & Industry Minister Piyush Goyal and Minister of State for Commerce and Industry, Anupriya Patel, had released the new Foreign Trade Policy 2023. The new FTP is dynamic and kept open ended to make amendments to facilitate the need of the industry.

Goyal said in a message, “Under the dynamic leadership of Hon’ble Prime Minister Shri Narendra Modi, India has emerged as a reputed and reliable manufacturer and an international supplier of dyes & dye intermediates, basic chemicals, agrochemicals, cosmetics and toiletries, castor oils, etc. Chemicals and petrochemicals sector has the potential to transform India into a global manufacturing hub. This is in line with the Hon’ble Prime Minister’s Shri Narendra Modi’s vision of Make in India for the World. I am sure that CHEMEXCIL will continue to act as a catalyst in fulfilling the Government’s commitment to encourage exports and surpass the export growth achieved in the past. I urge exporters to utilise the emerging business opportunities by scaling-up their production and diversifying their product range in tune with the requirements of the domestic and global market. I congratulate all the award winners for their determined efforts in promoting our overall exports and wish CHEMEXCIL all the success in its future endeavours.”

Mokashi, Chairman, CHEMEXCIL, said, “CHEMEXCIL welcomed the new Foreign Trade Policy which is designed to facilitate greater trade, boost manufacturing, promote exports, further enable “ease of doing business” and also work towards making Indian Rupee a global currency, adding further impetus to India’s emergence as the global trading hub.”

Mokashi added, “The policy has also initiated to create an institutional mechanism at the State and District level to promote identified products and services, which will further help in giving boost to the MSMEs and creation of employment across all sectors of economy.”

India became as the preferred manufacturing destination for companies across the world. Supply chain disruption during pandemic period, has really opened the doors for Indian supplier to the world market,” said  Mokashi.

“We need to maintain effluent load and protect environment. Therefore, we look for the sustainable products. Sustainability is the need of the hour. To minimize the time for obtaining permission from Pollution Control Board, we have taken up the issue with Hon’ble Minister of Environment Forest and Climate Change Shri Bhupendra Yadav ji, & under his direction State Control Board has made favorable amendments, said Mokashi.

“Green Growth is one of the priority sectors in this year’s Union Budget Green Fuel, Green Energy, is one of important component. I would like to add that Bio based Specialty chemicals and Renewable chemicals are future of India with excellent growth prospects. The depleting fossil fuels and increasing greenhouse gas emissions are influencing to increase the need of Bio Material. In view of protection of Environment and increasing demand, the concept of renewable chemicals named as “Green Chemicals” are gaining the market share in Food processing, Pharmaceuticals, Textiles, Construction and coating sectors. Chemexcil members are also working on these directions,” said Mokashi.

To upgrade the process technology and to improve the productivity of chemicals, CHEMEXCIL intends to plug this gap through the development centers like UICT, IIT, NCL like institutes. Joint research programme will also help to improve the technology.

CHEMEXCIL is constantly discussing the issues related to trade with various concerned departments for the benefit of member exporters in order to achieve the goal of exports. As regards Production Linked Incentives Scheme, CHEMEXCIL requested department in various meeting to include chemicals under PLI scheme to boost local manufacturing under ATMANIRBHAR BHARAT PROGRAMME.

CHEMEXCIL has conducted Buyer Seller meet at Korea, Japan and Taiwan with the help of Indian Consulate and received overwhelming response. Recently Govt of India has signed a Trade agreement with Australia, Ind-Aus ECTA and with UAE called India -UAE CEPA.

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