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
Today's Poll
Is the demand for Kejriwal’s removal as party chief justified?
Can't Say

Budget 2015 highlights

  • Following are the highlights of the Union Budget 2015-16 presented by Finance Minister Arun Jaitley in Parliament today:
  • No change in personal Income Tax * Health Insurance Premium deduction hiked from Rs 15,000 to Rs 25,000; for senior citizens to Rs 30,000
  • Transport allowance exemption hiked to Rs 1,600, from Rs 800 per month
  • Additional 2% surcharge on people earning over Rs 1 cr; to fetch Rs 9,000 cr
  • Wealth tax abolished
  • Direct Taxes Code (DTC) dropped
  • Rs 50,000 deduction for contribution to New Pension Scheme
  • To lower Corporate Tax to 25% over next four years
  • GAAR implementation deferred by 2 years to April 2017
  • Service Tax rate hiked to 14%, from 12.36%
  • Tax free bonds for roads, railways, irrigation projects
  • 2015—16 growth between 8—8.5%, double digit growth feasible
  • Retail inflation close to 5% by March, room for monetary policy easing
  • To achieve fiscal deficit of 3% of GDP by 2017—18
  • Fiscal Deficit target 3.9% in 2015—16, 3.5% in 2016—17
  • Revenue Deficit to be 2.8% in 2015—16
  • Current Account Deficit for 2014—15 to be below 1.3% of GDP
  • To introduce comprehensive law to deal with black money
  • Benami property transaction bill to tackle black money transaction in real estate soon
  • 100% deduction for contribution to Swachh Bharat, Clean Ganga projects
  • GST to be put in place by April 1, 2016
  • Internationally competitive direct tax regime to be put in place to incentivise saving
  • Incentivise use of credit, debit cards; disincentivise cash transaction to curb black money.
  • The Finance Minister has covered good ground, but more needs to be done »

    There are those who dread exams. And then there are those who thrive on acing them year after year »

    Track your company

    Follow us on...

    Tweets @businessline



    Recent Article in Agri-biz

    Unseasonal rains hit Rabi crop prospects

    Wheat, mustard bear the brunt; Central team yet to assess crop loss »

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