Page 139 - CW E-Magazine (19-9-2023)

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ducts, besides resolving issues faced agri inputs sector in India. The award (EHS) and Manufacturing’ – Mr.
in the trade. A 27-member trade dele- winners included: D.V.S. Narayana Raju, Executive
gation from Vietnam participated in  PMFAI Award for excellence as Director, Deccan Fine Chemicals
the event. “Women Contributor in Inter- (India) Pvt. Ltd.
national Agrochemical Business”:  PMFAI Award for ‘Excellence
PMFAI also held discussions with a Ms. Vaidehi Jhaveri, Senior Vice in Supply Chain Management
16-member Iranian trade delegation for President, Sales & Marketing – Crop of Agri Inputs Business’ – Mr.
cooperation in the area of production Protection Business, Atul Limited; Diwakar Shenoy, Director – Fac-
and distribution of crop protection pro-  PMFAI Award for excellence as tory Operations, Gharda Chemi-
ducts. “Women Contributor in Agri Bio cals Ltd.
Business” – Ms. Supriya Singla, Vice  PMFAI Award for ‘Excellence in
PMFAI awards President, Peptech Biosciences Ltd. Sales & Marketing of Agri Inputs
The event also witnessed the felici-  PMFAI Award for ‘Excellence in Business’ – Mr. Samir Deosthali,
tation of individuals for excellence in Environment, Health & Safety CEO, Spectrum Ethers Pvt. Ltd.
AIDING EXPORTS

Government likely to extend RoDTEP scheme

for chemicals, pharma and steel

The government is likely to extend
the Remission of Duties and Taxes on
Exported Products (RoDTEP) scheme
by six more months for iron and steel,
chemicals and pharmaceuticals sectors.

The coverage of exports by the
RoDTEP scheme is till September-end FOUR POINT SUSPENSION CENTRIFUGE
and the industry has sought its exten- RPM 2800
sion till the end of March 2024. In challenged by the US at the World last fi nancial year to total $23.5-bn. G FORCE : 870
December 2022, the government had Trade Organization (WTO). Products of iron and steel were $9.7-bn
extended the scheme till September 30. last year, or 2.17% of the total. Share of
The incentive is paid in the form of chemicals in exports in FY23 stood at
The demand for extension was transferable duty credit scrip which can 3.33% or $14.9-bn.
raised in the meeting the Ministry of be used to pay import duties or sold in 43
Commerce and Industry had with the the market by exporters. In April-July of this fi nancial year,
representatives of export promotion organic and inorganic chemical ex-
councils in late August. The meeting When the RoDTEP scheme was ports were down 15.17% year-on-year
was called to discuss the showdown fi rst announced in late 2020 and noti- to $9.1-bn. Iron and steel exports grew
in exports being seen in the last few fi ed in August 2021, these sectors were 8.81% to $9.9-bn, while exports of
months and strategies for their revival. left out of it because they were already drugs and pharmaceuticals rose 3.99%
performing well on the exports front. year-on-year to $8.71-bn. However, in
The three sectors were late en- Late last year, with exports started fac- July, pharma exports had declined.
trants in the scheme that aims to refund ing headwinds due to recession in some
duties, taxes and levies at the central, state developed markets and disruption in At present, over 10,342 export items
and local levels that get added to the supply chains due to Russia-Ukraine get the RoDTEP benefi ts. In FY23, the
cost of products meant for exports. This confl ict, these products were brought RoDTEP scheme supported $450-bn
scheme is a replacement for the Mer- under the scheme. worth of exports at the cost of Rs.
chandise Exports from India Scheme 13,020-crore. In 2021-22, the scheme
(MEIS), which, along with other export Drugs and pharmaceuticals accoun- aided $421-bn of exports at the cost of
promotion schemes, was successfully ted for 5.68% of India’s exports in the Rs. 12,100-crore.

138 Chemical Weekly September 19, 2023 Chemical Weekly September 19, 2023 139

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