Cut GST on agrochemicals to 5% or at least 12% immediately: MK Dhanuka

Cut GST on agrochemicals to 5% or at least 12% immediately: MK Dhanuka

MK Dhanuka, MD, Dhanuka Agritech, says that in order to make the pesticide available at reasonable prices for the farmers, the government should definitely think of reducing the GST on agrochemicals from 18% to either 5% or at least up to 12% immediately. The industry tried very hard this time for GST reduction but it … Read more

Fertiliser, agrochemical stocks rally as monsoon arrives early

Fertiliser, agrochemical stocks rally as monsoon arrives early

Shares of fertiliser and agrochemical companies were among the top gainers on the BSE on Monday, after monsoons progressed earlier than expected in various parts of the country. Analysts said investors are hoping that the good rainfall could benefit the agriculture sector, which in turn would boost demand for their products. Fertilisers & Chemicals Travancore … Read more

Indian agro-chemical industry can grow over 9 per cent notwithstanding Chinese competition: Niti Aayog

Indian agro-chemical industry can grow over 9 per cent notwithstanding Chinese competition: Niti Aayog

India’s agro-chemical industry has the potential to grow more than the current nine per cent notwithstanding the competition from China, government think tank Niti Aayog member Ramesh Chand said on Wednesday. Chand also observed that many Western countries are shifting from agrochemicals to biopesticides and the Indian industry needs to pay attention to this aspect. … Read more

Rising bromine prices bring Archean back on Street radar

Rising bromine prices bring Archean back on Street radar

The company would be using one-third of the total capacity of bromine for captive consumption to produce bromine derivatives, which not only fetch better prices but are also not hazardous to transport. Synopsis Archean is a marine-based speciality chemical maker that produces natural bromine from its brine reservoir at Rann of Kutch in Gujarat. It … Read more