Indian Chemical Industry Proposes Duty Cuts

The Economics Times, Mumbai reported that the Ministry would cut in excise duties on drugs in half, to 8%. In response, PMFAI has argued that the same reasons such a move is good for drug producers would apply to pesticide producers, and would help Indian farmers’ profitability.

The Pesticides Manufacturers & Formulators Association of India (PMFAI) represents 250 pesticides manufacturers and formulators from large, medium and small scale industries throughout India.

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