(MENAFN- KNN India) Govt to soon launch self-certification scheme for chemicals industry: Mansukh Mandaviya
New Delhi, Nov 6 (KNN) The government is in the process to launch a self-certification scheme for the Indian chemicals industry, which will not only benefit the industry but also make India globally competitive in ease of doing business, said the Union Minister of State for Chemical and Fertilizers, Mansukh Mandaviya.
Addressing a webinar 'Post-COVID-19: The Future and Dynamics of Agrochemicals Industry', organised by FICCI, jointly with HIL, Mandaviya said that the chemicals and agrochemicals industry is growing rapidly, and India will soon become the priority for foreign companies.
"In the future, the world will trade with India and this is an opportunity for the chemicals sectors. Global companies are today investing in India," he added.
Mandaviya also said that India has created a lot of opportunities in every sector including textiles, ceramics, brass, and agrochemical sectors during the pandemic.
"Next 10 years are golden years for India and the world will prefer to come to India," he noted.
The Minister stated that during the COVID period the government has worked to support the industry and the economy to bring ease of doing business.
"Post-COVID, the global scenario will change, and we will have to work to start exporting to those countries from where we currently import," he emphasized.
Mandaviya further said that under the Make in India program, many global companies are looking for opportunities in India. He said that the government has already initiated programs and policies, which will benefit the Indian agrochemicals, petrochemicals, and the overall chemical sectors. "We are also working to launch the Production Linked Incentive (PLI) scheme in the chemicals sectors as we have done in the pharma sector," noted Mandaviya.
He said that the government will support the industry to become globally competitive along with skill development and bringing new reforms.
'Our vision is to ensure that both the industry and the economy grow in the future. We must move forward, and we will not take any step that will not benefit the industry,' he assured.
Rajesh Kumar Chaturvedi, Secretary, Department of Chemicals & Petro-Chemicals, Ministry of Chemicals and Fertilizers said that the Indian chemicals and petrochemicals sector targets to contribute 20 per cent of the total manufacturing sector in India by 2025.
"The department has set up a Vision-2024, to seize opportunities and establish India as a leading manufacturing hub with a thrust on reducing import dependency, attracting investments," he added.
Chaturvedi also stated that the agrochemical industry can play an important role in Indian agriculture to increase productivity and ensure food security for the nation.
"The agrochemical sector has been identified as a champion sector by the government. Growth in the sector is possible due to reforms like Make in India, Atmanirbhar Bharat, digital connectivity, etc.," he said.
In order to tap the opportunities in the agrochemicals sector, he urged the industry to focus on developing new processes and products like improved pesticides and formulations bio pesticides, with sustainability as a core principle.
"Opportunities for the Indian crop protection industry will come from exports, higher production of generic products, product portfolio expansion along with growth in herbicides and fungicides. The government will continue to play the role of a facilitator for the growth of the industry, assured Chaturvedi.
MENAFN06112020000155011030ID1101082575
Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.