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An Indian trade mission visits Philippines seeking opportunities of collaboration in the Chemical sector









The delegation is made up of more than 20 companies engaged in manufacturing and trading of Dyes, Dye intermediates, Organic & Inorganic chemicals including Agro chemicals, Speciality chemicals and Cosmetic sector for multiple applications in the textile, pharmaceutical, agriculture, water treatment, plastic, toy, cosmetic and beauty industries, among others.


Trade relations between the nations have grown gradually over the years, with the impact of the India-ASEAN FTA in Goods and yet the existing relationship is tuned to maximize its potential as both economies are growing and are complementary to each other. Indian investment in Philippines over the years has been mainly in the areas of yarn and textiles, IT&ITes, infrastructure, chemicals, automobiles, pharmaceuticals and agriculture processing (coconut).


Indian chemical exports to Philippines amounted to USD 75.94 MN & 114.09 MN reporting a growth of 35% during FY 2021-22 followed by 11.82% in FY 2022-23 respectively. The major sectors witnessing growth included Dyes,Inorganic , Organic and Agro Chemical sector.



 

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The delegation of 18 Indian companies is scheduled to visit Manila, Philippines aiming to explore areas of collaborations and mutual cooperation within the framework of a trade mission organized by the Basic Chemicals, Cosmetics and Dyes Exports Promotion Council (CHEMEXCIL)

and the support of the Indian Embassy in Manila, Philippines.







INDIA – PHILIPPINES CHEMICAL BUSINESS MEET is scheduled to take place at HOLIDAY INN AND SUITES, MAKATI on 11th March, 2024. Some companies in the delegation are already supplying to the Philippine market, while others will be showcasing their expertise for the first time.


Mr. Raghuveer Kini – Director General, Chemexcil will be leading the Indian delegation aiming towards enhancement of trade relations between the nations in the Chemicals and Cosmetic sector.





He mentions that “The sector hold immense potential of generatin significant business between India and Philippines and thus, deepening the bilateral trade linkages between the nations. I hereby invite the Philippine companies to take advantage of this visit during INDIA –

PHILIPPINES CHEMICAL BUSINESS MEET on 11th March, 2024.”










 

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