There is an unnoticed scam of more than Rs 7,000 crore by permitting import of readymade pesticide formulations by multinational companies, writes BV Mahalakshmi on FinancialExpress.com. If the imports are not stopped and with no supportive policy for the domestic pesticide industry, there could be a forex loss of over Rs 10,000 crore by 2020, says Pradip Dave, President, Pesticides Manufacturers and Formulators Association of India (PMFAI).
The manufacturers have demanded the Centre not to allow foreign companies to import pesticide formulations without registering technical details or information about the active ingredients with Indian regulators. A technical is a high purity chemical which is the active ingredient and first registered anywhere in the world.
According to the manufacturers, the proposed Pesticide Management Bill-2017 should provide a level playing field for Indian companies as it is being finalized in the next three months. Further, there is no clarity on definitions and registration procedures for formulations and technical details which may lead to harassment of manufacturers and traders by authorities.