The government will bring a production-linked incentive (PLI) scheme for promotion of domestic manufacturing of agro-chemicals, Minister of State for Chemicals and Fertilisers Mansukh Mandaviya announced on Thursday.
“Like we brought in the pharma sector, we will bring a production-linked incentive scheme for chemicals which are used in agro. Some basic chemicals are the same for all,” he said addressing a webinar by organised by Ficci-HIL.
The sector can progress adopting a multi-pronged approach, firstly by becoming globally competitive, and with reforms in rules and regulations as well as with the ‘Make in India’ approach, the country can further progress in the coming days, he said.
The minister also assured that the Modi government will not bring such laws that will impact the industry and the country’s growth.
He also promised to meet the industry players to address their concerns.
“We need to meet face-to-face and discuss and sort out the issues. … We are aware of the challenges faced by the industry…,” he added.
Source: Business Standard
