India Sets Ambitious Chemical Exports Target Amidst Global Demand Surge

India aims to achieve a USD 31 billion export target in 2024-25 for its chemical exports, driven by high global demand. CHEMEXCIL's Raghuveer Kini highlights growth despite challenges like infrastructure and EU carbon tax. Enhanced trade strategies are underway to capture emerging opportunities.

India is poised to hit its ambitious USD 31 billion chemical export target for the fiscal year 2024-25, gaining momentum from robust international demand, according to CHEMEXCIL Director General Raghuveer Kini.

Kini noted that despite challenges such as infrastructure bottlenecks and the European Union's impending carbon tax, the country is on track, with a 4.57% increase in chemical exports reported between April and September.

Efforts to bolster export strategies include addressing logistical concerns around major ports and navigating payment issues due to global sanctions, ensuring Indian chemicals remain competitive on the global stage.

(With inputs from agencies.)