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India's agrochemical industry seeks government incentives to reduce reliance on imported chemical ingredients.
The Agro Chem Federation of India (ACFI) is urging the government to introduce a Production-Linked Incentive (PLI) scheme and offer tax holidays to reduce the country's dependence on imported technical ingredients for agrochemicals.
ACFI and Deloitte highlighted in a report that India, the third-largest agrochemical exporter globally, is heavily reliant on imports, particularly from China, which poses risks to supply stability.
The PLI scheme aims to boost local production and self-reliance, while also strengthening India's position in the global supply chain.
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La industria agroquímica de la India busca incentivos gubernamentales para reducir su dependencia de los ingredientes químicos importados.