Arete Consultants

Chemical

The vast investment potential within India’s thriving chemical industry, positioned as the world’s sixth-largest producer and third-largest in Asia. With a diverse range of over 80,000 commercial products including bulk, specialty, petrochemicals, agrochemicals, polymers, and fertilizers, the scope for growth is extensive.

Having amassed USD 180 billion in 2020, the industry is poised to reach USD 304 billion by 2025, reflecting promising growth trajectories. India’s chemical exports span across 175 countries, securing the 14th global export position, with a notable dominance in agrochemical exports accounting for nearly 50% of the market share.

Experience the transformative potential of initiatives like the Production Linked Incentives (PLI) Scheme for Advanced Chemistry Cell (ACC) Battery Storage, launched in 2021 with a USD 2 billion allocation over 5 years. This initiative catalyzes local advanced chemistry cell manufacturing, paving the way for significant reductions in battery costs nationwide.