Govt plans incentives to help chemical exporters cut US dependence, enter new markets

To lower reliance on the US, India must adopt a targeted product-region export strategy, according to Dr Ram Singh, professor and head at IIFT, New Delhi. He noted that India should focus on agrochemicals, water treatment, and construction chemicals in Africa, while pitching agrochemicals, specialty chemicals, dyes, and pigments to Latin America. Meanwhile, Asean presents strong demand for surfactants, polymers, and industrial intermediates, while Europe offers key opportunities for specialty, green, and pharmaceutical chemicals. “Simultaneously, India must shift from bulk chemicals to higher-value, application-specific products to enter higher-profit segments,” Singh added.