Page 152 - CW E-Magazine (16-7-2024)

Pharmaceuticals Fertilisers

TAX RELIEF

GST council refers advisory on exemption for

fertilisers to GoM

The GST council has referred a mittee on Chemicals and Fertilisers The issue of further reduction of
recommendation on exempting the ferti- in February to reduce GST on tax on fertilisers was placed before
liser sector from the current 5 percent nutrients and raw materials in the the GST council in its 45th and 47th
GST to the Group of Ministers interest of fertiliser manufacturing meetings held in September 2021 and
on rate rationalisation, according to companies and farmers. June 2022, though the council did not
Andhra Pradesh Finance Minister, recommend any change in rates. The
Mr. P. Keshav. Currently, GST at a 5 percent rate is latest Council meeting was held after
charged on fertilisers, while raw mate- a gap of eight months. The 52nd
The council discussed the recom- rials like sulphuric acid and ammonia GST Council meeting took place on
support from Encube Ethicals Pvt. This has inspired many small scale mendations made by the Standing Com- face a higher GST at 18 percent. October 7, 2023.
Ltd., one of the largest global topical companies who can now make inter-
formulators in the country. Mr. Mehul mediates at lower costs than many of Assam’s Namrup to get two nano urea plants:
M. Shah, Managing Director and CEO, their bigger counterparts.
is an alumnus of the SIES College of Minister
Arts, Science and Commerce (Empowe- Later, speaking about trends in the
red Autonomous), and contributed pharma industry, Prof. Sharma dis- The Union Minister of Ports, Ship- (BVFCL) in Namrup was discussed. After the meeting, Mr. Sonowal
Rs. 7.50-crore for setting up the formu- cussed the move towards continuous ping & Waterways Mr. Sarbananda Mr. Sonowal requested Mr. Nadda to said that the chemicals & fertiliser
lation development laboratory, the pharma processes instead of batch manufac- Sonowal recently called on the Union expedite the proposed nano urea plants minister had assured that the invest-
museum and purchase of high-end instru- turing. “The pharma industry was late Minister of Chemicals & Fertiliser within the BVFCL compound which is ment of Rs. 500-crores will be done
4th year of B. Pharm course available at ments for the various laboratories. in adopting continuous processes. The Mr. J. P. Nadda where the proposed likely to provide a shot in the arm to the soon for the construction of two new
the inception itself, was constructed at a FDA gives preference to continuous capacity expansion at the Brahmapu- fertiliser facility situated in the Dibru- nano urea plant within the BVFCL
cost of about Rs. 80-crore. It boasts of ‘Focus on research’ processes because there is no chance of tra Valley Fertiliser Corporation Ltd. garh district of Assam. compound.
a formulation development laboratory, Speaking at the event, Prof. Sharma, variations,” he said.
pharma museum and 14 laboratories. noted that the global pharma industry is Iffco launches campaign to promote use of nano-
The Pharmacy Council of India had a $1.3-trillion industry compared to the Prof. Sharma also underlined the
approved the school for B. Pharm and $5-trillion chemical industry. need to address the issue of waste fertiliser
D. Pharm studies from the last academic valorisation in manufacturing of APIs.
year itself. Since the approvals were He spoke about serendipitous dis- Indian Farmers Fertiliser Coopera- The campaign aims to raise aware- Additionally, Iffco will provide a
received late, in the interest of the stu- coveries in the pharma sector and gave Speaking about formulation engi- tive Ltd. (Iffco) has launched a cam- ness about the advantages of nano-ferti- grant of Rs. 100 per acre to drone entre-
dents, the starting of the School of Phar- the examples of penicillin and anaes- neering, he highlighted the “abysmally paign called the “Nano Fertiliser Usage lisers, such as enhanced crop quality preneurs to support the use of modern
macy was delayed to this academic year. thesia. However, he emphasised that low level” of research in the fi eld by Promotion Mahaabhiyan” to promote and increased production. Iffco will be application techniques, enabling farmers
serendipity never occurs to any uniniti- the Indian pharma industry and urged the use of nano-fertilisers among farmers establishing 200 model nano village to access affordable spraying services.
‘Foray into health sciences education’ ated person. “It has to be a prepared the school to explore the possibility of as the government aims to reduce de- clusters, covering 800 villages, where Meanwhile, Iffco has set an ambi-
The inauguration heralds the begin- mind to witness something unusual,” including the topic as an optional sub- pendence on chemical fertilisers and 25 percent subsidy will be offered tious target for the fi scal year 2024-25,
ning of SIES’ foray into health sciences he said and urged the newly opened ject in its curriculum. He also urged for promote more sustainable agricultural on Nano Urea Plus, Nano DAP, and aiming to produce 4-crore Nano Urea
education, said Dr. V. Shankar, Presi- School of Pharmaceutical Sciences to the industry to work on breakthroughs practices. Sagarika fertilisers. Plus and 2-crore Nano DAP bottles.
dent of the Society. This would be focus on research from the very begin- in fermentation technology to develop
followed by the SIES School of Physio- ning. “Without research your teaching biotech-based drugs. Referring to the Coromandel launches new fertiliser – Paramfos Plus
therapy, which will also commence cannot be of a high quality,” he said. India-produced cough syrups causing
functioning from this academic year, deaths in countries like Gambia, he Coromandel International has phur, along with an additional 0.6% yield. It is versatile and can be ap-
and the SIES School of Nursing from He said a remarkable feature of the said such incidents bring a bad name to launched a new magnesium – fortifi ed Magnesium. The added Magnesium plied both as a basal and top dressing
the next year. Indian pharma industry is that more the industry and the country. “We can- complex grade fertiliser ‘Paramfos boosts photosynthesis, chlorophyll for a wide variety of crops, includ-
than seven companies now have a turn- not afford to make mistakes because Plus’ in Bengaluru. ‘Paramfos Plus’ production, and promotes the vege- ing paddy, cotton, maize, sugarcane,
The School of Pharmaceutical over of more than a billion dollars – all we are dealing with human lives,” fertiliser contains 16% Nitrogen, tative growth of plants leading to pulses, ragi, groundnut, oilseeds, and
Sciences was partly funded by CSR driven by fi rst generation technocrats. he remarked. 20% Phosphorus, and 13% Sul- improvement in both quality and vegetables.

152 Chemical Weekly July 16, 2024 Chemical Weekly July 16, 2024 153

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