Budget Agenda for Indian Chemical Sector and Agriculture: Calls for Duties Rationalisation and Sustainability
Key Ideas
  • Rymbal suggests re-evaluating import duties to make Indian-made products more price-competitive compared to imports.
  • Safex Chemicals calls for R&D investments in climate-resistant crops, reducing GST on plant protection chemicals, and promoting crop rotation for sustainable farming.
  • GreenH Electrolysis advocates for incentivizing green hydrogen production through lower GST rates, demand creation, and simplifying the regulatory framework.
  • Vipul Organics emphasizes reducing tariffs on imported raw materials, implementing PLI in the chemical sector, and developing quality infrastructure to boost exports and growth.
The chemical manufacturing and agriculture sectors in India are calling for strategic government interventions in the upcoming budget to enhance competitiveness and sustainability. Rymbal proposes revisiting import duties to make domestic products more competitive. Safex Chemicals stresses R&D investments in climate-resilient crops and lowering GST on plant protection chemicals to promote sustainable farming practices. GreenH Electrolysis urges incentivizing green hydrogen production by reducing GST rates and creating demand through mandatory blending targets. Vipul Organics highlights the importance of reducing tariffs on imported raw materials, implementing PLI, and developing infrastructure to achieve India's export goals. Through these recommendations, the sectors aim to boost innovation, sustainability, and growth in alignment with national economic objectives.
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