Press Release No. 29

9 June 2010

Visit of Indian Chemical Industry delegation to Egypt

A trade delegation consisting of twenty three members of Basic Chemicals, Pharmaceuticals & Cosmetics Export Promotion Council, popularly known as “CHEMEXCIL” is visiting Cairo from 16^th to 17^th June, 2010 to explore trade opportunities in chemical sector between India and Egypt. The delegation, which is led by Mr. Bhupendra Patel, Regional Chairman, CHEMEXIL, represents different companies in the sectors of chemicals (for textile, paper, ceramic, inks, agriculture, veterinary products, animal health products, detergents, aroma and medical uses), cosmetics and dyes (different uses).

CHEMEXCIL is set up by Ministry of Commerce & Industries, Government of India, in 1963. CHEMEXCIL has membership strength of more than 4,000 companies spread all over India. The Indian chemical industry has a total turnover of about US$ 40 bn and ranks 12th by volume in the world production of chemicals. India produces nearly 70,000 commercial products, ranging from Cosmetics and Toiletries, to plastics and pesticides.  India is a major producer and exporter of basic chemicals, dyes, soaps & detergents, cosmetics & toiletries, and other products like incense sticks and castor oil.

Export of cosmetics, toiletries & essential oil to Egypt was US$ 20 millions in 2008 out of Egypt’s imports of US $ 439 and was US$ 18 millions in the year 2009 out of US $ 365 million.

Following the success of its previous visits during the last four years from 2006-2009, CHEMEXCIL is holding a Buyer-Seller Meet at Ramses Hilton Hotel, 1115 Cornich El Nile, Cairo at 6 P. M. on Thursday, 17^th June, 2010. The delegation will hold Business Interaction sessions and also plans to visit chemical and textile factories during their visit.

The visit of the CHEMEXCIL delegation is part of the efforts to expand commercial and economic relations between Egypt and India. The members of the delegation are looking forward to sharing their experience with their Egyptian counterparts. It is expected that Egyptian importers and users of chemicals, cosmetic and allied products will find it beneficial to interact with the visiting Indian delegation and gain fist-hand knowledge of the development of the chemicals and related industries in India in recent years.

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