{"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<p>Crop Care Federation of India submitted a detailed proposal to the Ministry of Chemicals &amp; Fertilizers in 2020 for the inclusion of Agrochemicals under the Production Linked Incentive Scheme (PLI) post stakeholder consultation.<\/p>\n\n\n\n<p>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<p>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 class=\"wp-block-image size-large\"><img fetchpriority=\"high\" decoding=\"async\" width=\"1024\" height=\"768\" src=\"https:\/\/blog.kisansabha.in\/wp-content\/uploads\/2023\/05\/56441623-b336-45ad-a23b-0824f5ef6528-1024x768.jpeg\" alt=\"\" class=\"wp-image-2073\" srcset=\"https:\/\/blog.kisansabha.in\/wp-content\/uploads\/2023\/05\/56441623-b336-45ad-a23b-0824f5ef6528-1024x768.jpeg 1024w, https:\/\/blog.kisansabha.in\/wp-content\/uploads\/2023\/05\/56441623-b336-45ad-a23b-0824f5ef6528-300x225.jpeg 300w, https:\/\/blog.kisansabha.in\/wp-content\/uploads\/2023\/05\/56441623-b336-45ad-a23b-0824f5ef6528-768x576.jpeg 768w, https:\/\/blog.kisansabha.in\/wp-content\/uploads\/2023\/05\/56441623-b336-45ad-a23b-0824f5ef6528.jpeg 1200w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<h5 class=\"wp-block-heading\" id=\"h-trade-surplus-of-rs-30-000-crores\"><strong>Trade Surplus of Rs. 30,000 crores<\/strong><\/h5>\n\n\n\n<p>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<p>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<p>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<p>\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<p>Read more at-<strong>https:\/\/bit.ly\/3ImcwG4<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Crop Care Federation of India submitted a detailed proposal to the Ministry of Chemicals &amp; 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 [&hellip;]<\/p>\n","protected":false},"author":7,"featured_media":2073,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"ocean_post_layout":"","ocean_both_sidebars_style":"","ocean_both_sidebars_content_width":0,"ocean_both_sidebars_sidebars_width":0,"ocean_sidebar":"","ocean_second_sidebar":"","ocean_disable_margins":"enable","ocean_add_body_class":"","ocean_shortcode_before_top_bar":"","ocean_shortcode_after_top_bar":"","ocean_shortcode_before_header":"","ocean_shortcode_after_header":"","ocean_has_shortcode":"","ocean_shortcode_after_title":"","ocean_shortcode_before_footer_widgets":"","ocean_shortcode_after_footer_widgets":"","ocean_shortcode_before_footer_bottom":"","ocean_shortcode_after_footer_bottom":"","ocean_display_top_bar":"default","ocean_display_header":"default","ocean_header_style":"","ocean_center_header_left_menu":"","ocean_custom_header_template":"","ocean_custom_logo":0,"ocean_custom_retina_logo":0,"ocean_custom_logo_max_width":0,"ocean_custom_logo_tablet_max_width":0,"ocean_custom_logo_mobile_max_width":0,"ocean_custom_logo_max_height":0,"ocean_custom_logo_tablet_max_height":0,"ocean_custom_logo_mobile_max_height":0,"ocean_header_custom_menu":"","ocean_menu_typo_font_family":"","ocean_menu_typo_font_subset":"","ocean_menu_typo_font_size":0,"ocean_menu_typo_font_size_tablet":0,"ocean_menu_typo_font_size_mobile":0,"ocean_menu_typo_font_size_unit":"px","ocean_menu_typo_font_weight":"","ocean_menu_typo_font_weight_tablet":"","ocean_menu_typo_font_weight_mobile":"","ocean_menu_typo_transform":"","ocean_menu_typo_transform_tablet":"","ocean_menu_typo_transform_mobile":"","ocean_menu_typo_line_height":0,"ocean_menu_typo_line_height_tablet":0,"ocean_menu_typo_line_height_mobile":0,"ocean_menu_typo_line_height_unit":"","ocean_menu_typo_spacing":0,"ocean_menu_typo_spacing_tablet":0,"ocean_menu_typo_spacing_mobile":0,"ocean_menu_typo_spacing_unit":"","ocean_menu_link_color":"","ocean_menu_link_color_hover":"","ocean_menu_link_color_active":"","ocean_menu_link_background":"","ocean_menu_link_hover_background":"","ocean_menu_link_active_background":"","ocean_menu_social_links_bg":"","ocean_menu_social_hover_links_bg":"","ocean_menu_social_links_color":"","ocean_menu_social_hover_links_color":"","ocean_disable_title":"default","ocean_disable_heading":"default","ocean_post_title":"","ocean_post_subheading":"","ocean_post_title_style":"","ocean_post_title_background_color":"","ocean_post_title_background":0,"ocean_post_title_bg_image_position":"","ocean_post_title_bg_image_attachment":"","ocean_post_title_bg_image_repeat":"","ocean_post_title_bg_image_size":"","ocean_post_title_height":0,"ocean_post_title_bg_overlay":0.5,"ocean_post_title_bg_overlay_color":"","ocean_disable_breadcrumbs":"default","ocean_breadcrumbs_color":"","ocean_breadcrumbs_separator_color":"","ocean_breadcrumbs_links_color":"","ocean_breadcrumbs_links_hover_color":"","ocean_display_footer_widgets":"default","ocean_display_footer_bottom":"default","ocean_custom_footer_template":"","ocean_post_oembed":"","ocean_post_self_hosted_media":"","ocean_post_video_embed":"","ocean_link_format":"","ocean_link_format_target":"self","ocean_quote_format":"","ocean_quote_format_link":"post","ocean_gallery_link_images":"on","ocean_gallery_id":[],"footnotes":""},"categories":[41,2,143],"tags":[45,21,64,5,482,665,664],"class_list":["post-2071","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-agricultural-updates","category-benefits-for-farmers","category-farmers-news","tag-agricultire-updates","tag-agricultural-research-and-technology","tag-agricultural-technology","tag-agriculture","tag-ccfi","tag-finance-minister-that-indian-manufacturers","tag-production-linked-incentive-scheme","entry","has-media"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - 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