India to Relax Pesticide Production and Export Regulations

2013/10/29 13:50:00 China Agricultural News Network

content Summary: According to Indian officials, India may relax the use of foreign technology in the country to export pesticide production and pesticide export-related regulations. India is one of the most dynamic generic pesticide producers in the world, with more than 60 pesticide compounds produced locally and more than 500 pesticide formulation companies nationwide.

India may ease the use of foreign technology for the production and export of pesticides in the country. Pesticides export-related regulations. According to Indian officials, the relaxation of restrictions is to make India a center for pesticide production, especially those produced by buying technology from foreign companies. These high-quality pesticides, once produced, will be used directly for export and will not be sold in India's domestic market.

Therefore, according to the proposal, the quality and production process of these products will not have to be subjected to strict inspection. However, overseas companies carrying out such technology transfers and companies producing in India must comply with safety, environmental norms and labor standards.

The main target markets for Indian agrochemical exports are the United States, the United Kingdom, France, the Netherlands, Belgium, Spain, South Africa, Bangladesh, Malaysia and Singapore. India is one of the most dynamic non-patented pesticide producers in the world, with more than 60 kinds of pesticide raw drugs produced locally, more than 125 large and medium-sized manufacturers (including about 10 multinational companies), and more than 500 pesticide formulation companies nationwide.

However, according to official reports, the economic benefits of the industry are limited due to rising input costs, government duties and taxes, and financing costs. The consumption tax rate on intermediates and end products is also high, with consumption tax and sales tax accounting for nearly 20% of the cost of pesticides.

India is one of the largest pesticide producers in Asia. The size of the pesticide industry in India was $3.8 billion in value terms in 2011. Some companies also produce pesticides in India that are banned in developed countries.

The agricultural industry is part of the chemical industry. The turnover of the globalized industry is reported to be over $3000 billion. India's chemical industry ranks 12th in the world in the production of chemical products. At present, the scale is about 108 billion US dollars, accounting for about 3% of the global industry. According to the Planning Board of India, the size of India's chemical industry will reach $224 billion or $290 billion by 2017 (about 6% of the world's total). India's chemical industry accounts for about 7 per cent of India's GDP and accounts for about 11 per cent of the country's exports. In terms of output, India is the third largest producer of chemicals in Asia after China and Japan.

Citation from Science and Technology World Network http://www.twwtn.com/Agriculture/58_207575.html

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