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Union Budget 2012-13 should promote investment oppourtunities on Agriculture and Biotech sector - Sushil Karwa, MD, Krishidhan Seeds.
Essential Quality Seeds need top priority for seed Rsearch and seed companies should be given a status of infrastructure companies.
Krishidhan Seeds KSPL which focuses on Agriculture and Biotech sector told Network 7 Media Group’s Indian Affairs Magazine ( www.indianaffairs.in ) & Pharmaleaders Magazine (www.pharmaleaders.co.in )that as it is one of the top three seed companies which is actively involved in research, production, processing, packing, and marketing of high quality seeds of Cotton, Cereals, Pulses, Oil seeds and Vegetables. Speaking to explain its expectations from the Union Budget 2012-13, Mr. Sushil Karwa, MD, Krishidhan Seeds emphasized that “For enhancing the agricultural yield, quality seeds are most essential. In India, farmers are still struggling to get quality seeds because there is no encouragement for seed companies to invest in seed research. To promote seed research, seed companies should be given a status of infrastructure companies and income of seed companies should be treated as agri. income. Finance extended to seed companies should be treated as priority sector lending in the banks. Govt. is extending various subsidies for distribution of oil seeds, pulses seeds, hybrid paddy seeds etc. only to Govt. owned seed corporations. This makes private seed companies uncompetitive. Hence, private seed companies are not investing desirable resources in this segment, because of which, the productivity is stagnant in these crops. Subsidies should be extended to private seed companies also.Price deregulation, particularly in cotton is essential otherwise new technology will not come to India as there is no price differentiation between good & bad”.
It may be recalled that Krishidhan Seeds is one of the fastest growing and amongst the top three seed companies in India with National and International presence. The Group focuses on ushering prosperity of the farming community both at National and International level. The company is actively involved in research, production, processing, packing, and marketing of high quality seeds of Cotton, Cereals, Pulses, Oil seeds and Vegetables. The R&D activities and research stations of Krishidhan are recognized by the Department of Scientific and Industrial Research (DSIR), Govt. of India.
Mr. Sushil Karwa, MD, Krishidhan Seeds expressed hopes that the Union Budget will take into consideration the growing demands of Seeds & Agriculture Companies to promote Farmer’s Research to boost the efficiency of quality seeds. He further stated that the Seeds Companies which are involved in Biotech Research must be given special priorities as agriculture in india is the biggest sector.
