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The Basic Chemicals, Cosmetics and Dyes Export Promotion Council (CHEMEXCIL) Director General Raghuveer Kini has said that chemical export target of $31 billion for 2024-25 (FY25) will be achieved, as there is a healthy demand for 'made in India' chemicals in countries like Brazil, the US, Japan and Saudi Arabia.

Kini said that the total exports of chemicals during April-September rose by 4.57 per cent to $14.1 billion. He stated ‘So far, we are registering good growth, and we are confident of achieving the $31 billion target this fiscal. Last year, it was around $30 billion.’ He added ‘Last year, because of drought in Brazil, which is the key market for us, exports were down. But this year, the situation is good, and we expect high growth.’ 

Further, he said that the council is holding awareness programmes for exporters about the preparedness of the European Union's carbon tax and quality control orders. He said The EU's carbon tax is a reality, and we have to be prepared for that. Exporters should not be caught unaware. We are explaining the paperwork required to deal with this tax.’ The EU's Carbon Border Adjustment Mechanism or CBAM is its unilateral measure, which India is opposing strongly. CBAM is a kind of import duty that will apply to energy-intensive goods imported into the European Union. It has decided to impose a carbon tax from January 1, 2026, on seven carbon-intensive sectors, including steel, cement, chemicals, and fertiliser. 

Besides, Kini said there has been a rising demand for chemicals globally by end-user industries like pharmaceuticals, agriculture, and manufacturing. He stated Indian chemicals have gained popularity in overseas markets due to their improved quality and adherence to international standards such as REACH (Registration, Evaluation, Authorisation and Restriction of Chemicals) and other regulations.