A recent PwC-Assocham report urges the Indian government to implement safeguard duties and provide incentives to attract speciality chemicals supply chains to India.

Titled "Indian chemical industry: Enablers to make India a growth hub for chemicals", the report highlights challenges such as increasing commoditisation, shrinking profit margins, and reciprocal tariffs from the US, which affect cost structures and global competitiveness. To counter these issues, the report recommends optimising supply chains, leveraging export subsidies, and adopting advanced technologies to boost export performance and product quality. With India’s chemical industry poised for growth, strategic measures are essential to position the country as a cost-competitive, reliable hub in the global speciality chemicals supply chain.