India - Agrochem, pesticide sector urge govt to increase fund flow to the agri sector

Date:01-24-2022

By Sutanuka Ghosal

Agrochemical and pesticide sector has urged the government to increase fund flow to the agriculture sector in the upcoming Budget for improving the infrastructure for farming in all parts of the country to double the income of the farmers.

Talking to The Economic Times, Rajesh Aggarwal, managing director, Insecticide India said "We look forward to this budget and will undoubtedly focus on agriculture in line with the last years as agriculture has played a vital role in these pandemic times. We also look forward to increased budgets for better infrastructure for farming in all parts of the country."

He said that It is also critical that the input cost is reduced to whatever possible extent to support the farmers. "Industry looks forward to the government's support for research and make in India for the crop protection Industry. Better mechanism for the better prices of produce is another challenge that needs to be looked after," he said.

SK Chaudhary, founder director at Safex Chemicals felt that the agrochemical sector in the country is emerging as one of the champions that can become a major global supply hub if provided with better facilities.

"This has been facilitated due to disruption of supplies from China and everybody looking for a second source. The government should provide regulatory and tax concessions to catch hold of the opportunity. The Indian pesticides and fertilizers market can witness a significant boost in supply and development," Chaudhary said.

Read more at:
https://economictimes.indiatimes.com//industry/indl-goods/svs/chem-/-fertilisers/budget-agrochem-pesticide-sector-urge-govt-to-increase-fund-flow-to-the-agri-sector/articleshow/89013602.cms