Chemical
India's chemical sector is extraordinarily diverse, covering more than 80,000 commercial goods and can be divided into bulk chemicals, specialty chemicals, agrochemicals, petrochemicals, polymers, and fertilizers.
India produces 16% of all dyestuffs and dye intermediates in the world. With a global market share of 15%, the Indian colorants sector has also emerged as a significant player.
After the United States, Japan, and China, India is the world's fourth-largest producer of agrochemicals. India’s easy access to the Middle East, the world's largest petrochemical feedstock supplier, benefits the bulk production of petrochemicals.
Reasons for Investing
- Petroleum, Chemicals, and Petrochemicals Investment Regions (PCPIR), namely Andhra Pradesh, Gujarat, Odisha, and Tamil Nadu, are estimated to attract an investment of US$ 104.36 billion. India is ranked 17th in global chemical exports (excluding pharmaceutical products) and 7th for chemical imports.
- Duty-free procurement of goods for the functioning of Special Economic Zones (SEZ) like Noida, Kochi, Chennai, etc.
- MSMEs in domestic chemical sectors have showcased a revenue growth of 18-23%.
- India boasts world-class engineering facilities as well as significant research and development capabilities.
Industry Growth Factors
- India’s specialty chemicals market growth is driven by increased demand from industries such as food processing, personal care, and home care.
- Indian specialty chemical companies are increasing their capacities to meet increased domestic and international demand.
- The recent Union Budget has an allocation of US$ 32.2 million for the Department of Chemicals and Petrochemicals.
- With global firms looking to de-risk their supply chains heavily reliant on China, India's chemical sector has a lot of room to grow.
What we can do for you?
1Step 1
Business Registration
- Choose a suitable business structure
- Register your business with the Ministry of Corporate Affairs (MCA).
- Obtain a Digital Signature Certificate (DSC) and Director Identification Number (DIN).
Step 2
Compliance and Licensing
• Apply for necessary licenses and permits based on your consultancy services (e.g., GST registration, Professional Tax registration).
• Ensure compliance with local, state, and national regulations.
• Set up a business bank account and maintain proper financial records.
2
3Step 3
Operational Setup
- Establish a physical or virtual office space.
- Hire skilled professionals and build a competent team.
- Develop a marketing strategy to attract clients and grow your business.