Greetings to all Members of PMFAI and visitors of this website.
It indeed gives me immense pleasure to inform that due to good monsoon and agro climatic conditions, the Kharif season for Pesticide Industry in India turned out to be very good and Industry is likely to perform better – 15% to 12% growth in sales. Especially I am expecting better results and off-take for generic pesticides after the Gujarat High Court Order which restricts “import of readymade pesticide formulations without registering its Technical Grade Pesticides” due to which in last about 7 years, part of Indian Pesticide Industry has become re-packers like the situation in Pakistan, Bangladesh and Nepal. If the same situation would have been continued, Indian Pesticide Industry would also have fallen in line of re-packers.
We are thankful to Hon’ble Gujarat High Court which has saved Indian Pesticide Industry. My sincere appeal to all PMFAI members and Indian Pesticide Industry is to fight for the justice till end – up to Supreme Court, if need be.
I would like to put on record that today Indian Pesticide Industry’s progress and existence is due to the efforts of PMFAI which has fought all the way to see to that registration under Section 9(4) of Insecticides Act, 1968 remains untouched. In all these years many attempts were made by other Associations and organizations to amend the Section and stop section 9(4) (me too registration), which was great advantage to Indian Pesticide Industry. Today Indian Pesticide Industry exports to the tune of more than Rs.8,000 crores and having domestic market of Rs.14,000 crores with total turnover of Rs.22,000 crores plus.
My sincere request to all Indian Pesticides Manufacturers is to support PMFAI and let us take this industry to $ 7 Billion (Rs.40,000 crores) mark in coming years.
Thank you, Jai Hind.
Pesticides Manufacturers & Formulators Association of India (PMFAI)