The central government may soon finalize a production-linked incentive (PLI) scheme for agrochemicals. Specific products that will enjoy the benefits under the scheme have been identified, and the industry consultations are over, it is learned. Once announced, agrochemicals will be the 15th sector that will be covered by the PLI scheme launched a year ago.
“The government has had consultations with the industry. They have segregated a few products. Very soon they are going to announce it. We are expecting some of our important molecules to be there in the scheme,” a leading agrochemical manufacturer who was part of the stakeholder consultations with the chemicals and fertilizers ministry said. Going by the overall thrust given for PLI schemes, the agrochemical products for the PLI scheme will be selected based on the global market size of the products and the scope for Indian exports.
Source- Fortune India
