Maritime Sector in India | UJA Market Report
Quick Facts: India's Maritime Sector India is the 6th largest producer of chemicals in the world and the 3rd largest in Asia, contributing 7% to the country’s GDP The chemical and petrochemical industry in India employs over 2 million people and produces more than 80,000 different chemicals and petrochemicals About 70% of India’s chemical production is used within the country India contributes to 2.5% of global chemical sales On the global stage, India holds a strong position in the trade of chemicals, ranking 14th in exports and 8th in imports (excluding pharmaceuticals) India has a significant global presence, exporting chemicals to more than 90 countries, especially in the areas of dyes, pharmaceuticals, and agrochemicals. Government Schemes in the Maritime Sector The Indian maritime sector plays a pivotal role in supporting the country’s trade and economic growth. To modernize infrastructure, enhance port connectivity, and foster sustainability, the government has introduced se...