Asia Pacific crop protection meet to focus on biotechnology

By Our Staff Correspondent

MUMBAI, JULY 19. The Rs. 3,600 crore crop protection industry in India is hopeful of receiving a boost for pesticides following the Third Asia Pacific Crop protection conference to be held in New Delhi in September.

Mr. Pradeep Dave, president, Pesticides Manufacturers & Formulators Association of India (PMFAI), said the industry was expected to get initial job work orders of Rs. 50 crores as India was seen as a major contract manufacturing base.

The first conference was held in 1997 and through this India's crop protection industry got a foothold in the export market and was able to post an export turnover of Rs. 750 crores.

Thereafter, Indian exports grew to Rs. 1,500 crores and this is likely to go up to Rs. 1,900-2,000 crores in the current fiscal, according to Mr. Dave.

Also, trade enquiries and business transactions at the conference are expected to result in Rs. 300 crores more of exports. The industry is also expected to get spot export orders in excess of Rs. 100 crores.

The conference will focus on issues such as biotechnology, genetically modified crops, sustainable agriculture, organic agriculture, recent developments in crop protection and e- commerce for agro-chemicals. It will provide multinational companies an insight into the dynamics of Indian markets to aid their entry into the Indian manufacturing base and has been organised with the objective of reorienting Indian manufacturers to the changing global trade environment post-WTO.

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Section  : Business
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