Slower approvals a hurdle in bringing new products to India: Syngenta

Our Bureau
Comment   ·   print   ·  
Davor Pisk , Chief Operating Officer, Syngenta AG .
Davor Pisk , Chief Operating Officer, Syngenta AG .

Syngenta AG, the world’s largest agrochemical company, said the sluggish regulatory environment in India was discouraging introduction of new products into the country.

“The slowdown in regulatory approval process is something we hope the policy makers will pay more attention to,” said Davor Pisk, Chief Operating Officer, Syngenta.

The $14.2-billion Swiss firm has been struggling for the past 78 months to get a rice fungicide – di-fenoconazole and propiconazole — registered in India.

Similarly, another Syngenta product – Ampligo – an insecticide used for cotton and pulses has been waiting for approval since March 2010.

“There is a great difficulty in registering the mixtures and active chemical ingredients, which discourages new product investments. We like to see a change in policy,” Pisk told Business Line on the sidelines of a CII event.

The rapidly growing Indian presents a huge potential for Syngenta, where the company has seen major growth both in its agrochemical and seeds business.

In 2011-12, Syngenta’s revenues grew 22 per cent to Rs 2,539 crore in India, one of the fast growing markets.

The recent acquisition of Belgian firm, Devgen, would boost Syngenta’s hybrid rice portfolio in India and “give us a leadership position in the rice breeding technology” Pisk said.

“The Devgen brand will continue to exist in India in the foreseeable future.”

Syngenta, which is planning to bring its genetically-modified corn into the Indian market, is closely observing the developments in the crop biotechnology arena here.

“We believe in the technology, which is widely adopted in other parts of North America and South America and the Philippines.

“This will benefit the Indian growers and is demonstrably safe.

“We don’t see any reason why it should not be available in India,” Pisk said.

(This article was published on February 13, 2013)
XThese are links to The Hindu Business Line suggested by Outbrain, which may or may not be relevant to the other content on this page. You can read Outbrain's privacy and cookie policy here.


This article is closed for comments.
Please Email the Editor

BlackBerry has gone back to its roots with the Classic’s design. Can it win back customers? »

Today's Poll
Will Sensex touch the 35000-mark by year end?
Can't Say
Track your company

Follow us on...

Tweets @businessline


Exchange Rate

Dollar Spot Forward Rate



Recent Article in Agri-biz

Volume drops at Coonoor tea sale

A volume of 10.74 lakh kg has been catalogued for Sale No: 5 of Coonoor Tea Trade Association auction to be held on Thursday and... »

Comments to: Copyright © 2015, The Hindu Business Line.