{"id":133857,"date":"2023-01-01T17:41:09","date_gmt":"2023-01-01T22:41:09","guid":{"rendered":"https:\/\/www.agribusinessglobal.com\/?p=133857"},"modified":"2026-01-30T14:07:35","modified_gmt":"2026-01-30T19:07:35","slug":"india-update-what-to-expect-in-2023","status":"publish","type":"post","link":"https:\/\/www.agribusinessglobal.com\/zh\/markets\/asia\/india-update-what-to-expect-in-2023\/","title":{"rendered":"\u5370\u5ea6\u6700\u65b0\u52a8\u6001\uff1a2023 \u5e74\u5c55\u671b"},"content":{"rendered":"<p>India will start 2023 with many opportunities, especially in generics as products worth $4.2 billion are expected to go off patent by 2023, presenting an opportunity for manufacturing 26 active ingredients as generic molecules. Because of 2022 challenges in China, Indian companies are making investments to forward new business opportunities and expanding their offerings.<\/p>\n<p>\u201cIn the last five years, Indian companies have really diversified their portfolios,\u201d said Amit Momaya, Regional Head, International Business for Hemani Industries Limited.<\/p>\n<p>\u201cEarlier India was largely an insecticide producer primarily based on pyrethroids and few organophosphates, but now you see a lot of herbicides also being produced along with newer insecticides,\u201d Momaya continued. \u201cIndian companies have invested into factories for new products or for the expansion of existing factories either for capacity expansion or for backward integration. Because of various government initiatives like \u201c<a href=\"https:\/\/www.agribusinessglobal.com\/?s=Make+in+India\" target=\"_blank\" rel=\"noopener\">Make in India<\/a>\u201d and support from organizations like the\u00a0<a href=\"https:\/\/www.pmfaiindia.org\/\" target=\"_blank\" rel=\"noopener noreferrer\">Pesticides Manufacturers and Formulators Association of India<\/a>\u00a0(PMFAI) and\u00a0<a href=\"https:\/\/chemexcil.in\/\" target=\"_blank\" rel=\"noopener\">Basic Chemicals, Cosmetics &amp; Dyes Export Promotion Council<\/a>\u00a0(CHEMEXCIL), Indian suppliers are well known in most major agrochemical markets.\u201d<\/p>\n<p>For those sourcing in India, Shivraj Anand, Director &amp; Global Head, International Business for\u00a0<a href=\"https:\/\/parijatagrochemicals.com\/\" target=\"_blank\" rel=\"noopener noreferrer\">Parijat Industries<\/a>\u00a0said, \u201cThe key to successful sourcing from India is to plan ahead in time. Although shipping delays are not as bad as they were a year ago, the world has still not gone back to pre-COVID-19 delivery times. There has been abundant capacity set up in India over the past four to five years, which a lot of companies can take advantage of and diversify their supply chain.\u201d<\/p>\n<p>Anand added, \u201cIt will also be key to look at the restrictions placed by the Indian government on the sale and usage of various molecules in India both at the state and national level. This will be key for companies looking to manage their inventory levels and plan for the season.\u201d<\/p>\n<p>Jitendra Mohan, Chief Operating Officer for Willowood Chemicals Limited, said that for those sourcing in 2023 from India, he offers a checklist for the new year to review before selecting a company:<\/p>\n<ul>\n<li>Product range of the company<\/li>\n<li>Manufacturing capabilities of both technical and formulations. Whether technical manufacturing is backwardly integrated or not?<\/li>\n<li>R&amp;D strengths<\/li>\n<li>Quality standards<\/li>\n<li>Availability of good lab practices (GLP) regulatory data in chemistry and toxicology including 5-batch reports<\/li>\n<li>Regulatory support<\/li>\n<li>IP strengths<\/li>\n<li>Product development strengths<\/li>\n<li>Product costing<\/li>\n<li>Export orientation<\/li>\n<li>Supply chain capabilities<\/li>\n<\/ul>\n<h2><strong>Research and Development (R&amp;D)<\/strong><\/h2>\n<p>Another big issue is the investment in research and development (R&amp;D), many Indian companies are now providing services to launch new products.<\/p>\n<p>\u201cIndian companies have invested a lot of money in good laboratory practice (GLP) data so the customers will also be satisfied in terms of regulatory requirement,\u201d said Momaya.<\/p>\n<p>The Indian government recognizes its agrochemical industry as one of its top 12 industries to achieve global leadership growing at 8% to 10% through 2025, according to the Federation of Indian Chambers of Commerce and Industry.<\/p>\n<p>\u201cThe focus of Government of India, especially of our Honorable Prime Minister, is strongly on R&amp;D in line with Make in India, Atma Nirbhar Bharat, and Vocal for Local initiatives of the government,\u201d said Mohan. \u201cAs India is strongly focusing on becoming global manufacturing hub, therefore, it is imperative for the industry to focus on R&amp;D for backward integration for the manufacturing of technical grade products as well as a focus on innovation for novel crop protection solutions for the farmers in India as well as globally. R&amp;D focus will help in reducing import dependence as well reducing the costs of the products which will help in doubling of farmers\u2019 income.\u201d<\/p>\n<h2><strong>Biostimulant Growth<\/strong><\/h2>\n<p>When biostimulants became recognized under the FCO (fertilizer control order) in India, it opened what could be a $1.5 billion market for Indian companies serious about production and following government regulations.<\/p>\n<p>\u201cWe see biostimulants being a much needed addition to the company\u2019s existing portfolios as a complimentary nature to traditional chemistries,\u201d said Anand. \u201cThe future lies in an integrated pest management model with offerings<br \/>\nacross the chain.\u201d<\/p>\n<p>Mohan agrees but believes as an inundated biostimulants market continues growing, there may be other areas in the marketplace Indian companies turn their attention to.<\/p>\n<p>\u201cBiostimulant products have a huge market in India of the value of around INR 2500 crores, which is growing every year,\u201d said Mohan. \u201cHowever, since every company wants to grow by adding more business verticals, therefore, [the market] may [show growth in] other segments related to agriculture like biological products, fertilizer, seeds, spray equipment, and drone technology.\u201d<\/p>\n<h2><strong>Agtech In India<\/strong><\/h2>\n<p>In 2021, the Government of India launched the\u00a0<a href=\"https:\/\/pib.gov.in\/PressReleaseIframePage.aspx?PRID=1813681\" target=\"_blank\" rel=\"noopener noreferrer\">Digital Agriculture Mission for 2021-25<\/a>\u00a0to include artificial intelligence, remote sensing, drones, robots, and other technology with grants for drone procurement.<\/p>\n<p>\u201cThe Government of India is promoting use of technology in agriculture, like drones, to promote precision agriculture,\u201d said Mohan. \u201cAlong with this, the focus is on developing and promoting novel low dose products like nano urea, biological crop protection products, and others. All these things will help in achieving the target of doubling of farmers\u2019 income by reducing input costs and improving output costs in agriculture.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"<p>\u5370\u5ea6\u5c06\u57282023\u5e74\u8fce\u6765\u8bf8\u591a\u673a\u9047\uff0c\u5c24\u5176\u662f\u5728\u4eff\u5236\u836f\u9886\u57df\uff0c\u9884\u8ba1\u4ef7\u503c10\u4ebf\u81f342\u4ebf\u5362\u6bd4\u7684\u4ea7\u54c1\u5c06\u505c\u4ea7\u2026\u2026<\/p>","protected":false},"author":1477,"featured_media":76637,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[28],"tags":[1998],"class_list":["post-133857","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-asia","tag-abg-direct-january-2023"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.7 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>India 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