The Economic Times

Chemexcil to boost trade potential of state industry

Basic Chemicals, Pharmaceuticals & Cosmetics Export promotion Council(CHEMEXCIL)has opened an office in Ahmedabad to boost the trade potential of the Gujarat-based chemicals and pharmaceuticals industry.

The office will be inaugurated on Saturday by the CHEMEXCIL chairman, Mr. Kishore Chokhani. CHEMEXCIL had around 1,200 members form Gujarat, which contributes more than 50 per cent of the country's turnover in pharmaceuticals, chemical's turnover in pharmaceuticals, chemicals, dyes and dyes intermediates.

"With an office in Ahmedabad, CHEMEXCIL members form Gujarat will get easy access to information on exports and the global market," Mr. Satish Shah,regional chairman, CHEMEXCIL, told ET. Besides, CHEMEXCILwill take up its members grievances with the government agencies like customs, he said.

Also , various incentives for the industrial units can be routed through the Gujarat office.

Besides the new office, CHEMEXCIL, in association with Ebizchem Pvt. Ltd, today launched a trading platform for its 6,500-odd member companies. The platform will give it members access to a range of 1lakh product and database of 30,000 companies. To be known as 'CHEMEXCIL tradezone", the platform will also enable its members to conduct confidential negotiations and close deals.

Besides CHEMEXCIL, Dye-stuff Manufacturer's Association of India and Ankleshwar Industries Association (AlA) have also tied up with Ebizchem to launch their own trade platforms. While DMAI has 350 members, All has around 1,200 members.

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