{"id":2071,"date":"2023-05-19T10:00:00","date_gmt":"2023-05-19T10:00:00","guid":{"rendered":"https:\/\/blog.kisansabha.in\/?p=2071"},"modified":"2023-05-19T11:12:47","modified_gmt":"2023-05-19T11:12:47","slug":"representation-to-finance-minister-for-inclusion-of-agrochemicals-under-production-linked-incentive-pli-scheme","status":"publish","type":"post","link":"https:\/\/blog.kisansabha.in\/index.php\/2023\/05\/19\/representation-to-finance-minister-for-inclusion-of-agrochemicals-under-production-linked-incentive-pli-scheme\/","title":{"rendered":"Representation to Finance Minister for inclusion of Agrochemicals under Production Linked Incentive (PLI) Scheme"},"content":{"rendered":"\n

Crop Care Federation of India submitted a detailed proposal to the Ministry of Chemicals & Fertilizers in 2020 for the inclusion of Agrochemicals under the Production Linked Incentive Scheme (PLI) post stakeholder consultation.<\/p>\n\n\n\n

Recently, the Industry body has made a representation to the Finance Minister seeking her intervention citing several issues which are plaguing Indian manufacturers. The situation has become alarming due to a surge in agrochemical imports, majorly readymade pesticide formulations by traders who clandestinely importing not for their captive consumption but for merchant sale, which is not officially permissible.<\/p>\n\n\n\n

The imports of agrochemicals have increased by 65% from Rs. 9,096 crores (2019-20) to Rs. 15,000 crores (est.) during 2022-23. Interestingly 55% of these are readymade formulations requiring no value addition or any capital investment.<\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n
Trade Surplus of Rs. 30,000 crores<\/strong><\/h5>\n\n\n\n

Briefing the media Mr. Harish Mehta, Senior Advisor CCFI said \u201cWhenever Indian manufacturers have produced molecules that were previously imported by MNCs, price reduction has been between 50-80%. The importers make huge profits from these imported formulations causing unnecessary burdens on the foreign exchange outgo. Agrochemical is one of those sectors where there is a Trade Surplus of Rs. 30,000 crores (2022-23).\u201d<\/p>\n\n\n\n

CCFI has further assured the Finance Minister that Indian manufacturers plan to invest more than 12,000 crores in the next 3 years provided the proposal is implemented as per industry recommendation.<\/p>\n\n\n\n

The detailed dossier submitted has 35 intermediates in terms of their market size, potential and future growth. It had a listing of 81 technicals imported majorly by MNCs, including about 31 technicals being imported despite having indigenous manufacturing capacities.<\/p>\n\n\n\n

\u201cLastly of concern are 89 readymade formulations being imported which can be manufactured in India. CCFI members are of the firm view that there should be a delta of 10% between the custom duty on the import of technical and formulation. This would be a deterrent to reduce imports and encourage indigenous manufacturing in their expansion plans and future fresh investment\u201d said Mr. Harish Mehta.<\/p>\n\n\n\n

Read more at-https:\/\/bit.ly\/3ImcwG4<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Crop Care Federation of India submitted a detailed proposal to the Ministry of Chemicals & Fertilizers in 2020 for the inclusion of Agrochemicals under the Production Linked Incentive Scheme (PLI) post stakeholder consultation. Recently, the Industry body has made a representation to the Finance Minister seeking her intervention citing several issues which are plaguing Indian 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