![In a reversal, chemical exports decline 4% past 2 years](https://images.assettype.com/fortuneindia%2F2022-03%2F192eb545-b762-40bc-8546-3b1a260a5cc7%2FAdani_Mundra_Port_H5B1934_copy.jpg?rect=0,178,3000,1500&w=300&q=95)
In a reversal, chemical exports decline 4% past 2 years
India's chemical exports to North America dropped significantly, from 21% (between 2019 and 2021) to 2% (from 2021 to 2023), says McKinsey.
India's chemical exports to North America dropped significantly, from 21% (between 2019 and 2021) to 2% (from 2021 to 2023), says McKinsey.
India's initiative to indigenise chemicals is meant to emerge as an alternative to China in global markets.
The U.S.-based company also plans to double capacity at its site in Dahej, Gujarat, and open a grease lab in Navi Mumbai.