Production of quality seed in the country has crossed 350 lakh quintals.
Out of certified/quality seed production of 353.62 lakh quintals in 2011-12, about 51% was produced by Government agencies and 49% by private seed companies.
Seed production of crops like cereals, oilseeds and pulses are mostly being undertaken by government owned seed companies, while the private sector seed companies are predominantly producing seeds of vegetable crops, cotton, maize, hybrid paddy, sunflower etc. With the infusion of new seed production technologies like Bt cotton and hybrid maize, private seed sector is playing a significant role in augmenting supply of these seeds.
Rs. 294 crore have been allocated in the current financial year (2012-13) for Central Sector Scheme ‘Development and Strengthening of Infrastructure Facilities for Production and Distribution of Quality Seeds.
Government has taken several steps to encourage and promote the role of seed companies including private sector companies for production of quality seeds. These measures include the following:
i. Under the existing policy relating to seeds, the best planting material available in the world is allowed for import by private/public companies subject to quarantine regulations.
ii. FDI is allowed upto 100% under the automatic route in the development and production of seeds and planting material subject to certain conditions.
iii. Seed companies are exempted from payment of VAT on Seeds.
iv. Under Section 35 of IT Act, 200% of the expenditure on R&D is allowed as weighted deduction to the seed industries having R&D centres recognized by the Department of Scientific and Industrial Research, Ministry of Science & Technology.
v. Back ended subsidy to private companies for creation of seed infrastructure like seed processing and seed storage facilities under the Central Sector Scheme of ‘Development and Strengthening of Infrastructure Facilities for Production and Distribution of Quality Seeds’.
Out of certified/quality seed production of 353.62 lakh quintals in 2011-12, about 51% was produced by Government agencies and 49% by private seed companies.
Seed production of crops like cereals, oilseeds and pulses are mostly being undertaken by government owned seed companies, while the private sector seed companies are predominantly producing seeds of vegetable crops, cotton, maize, hybrid paddy, sunflower etc. With the infusion of new seed production technologies like Bt cotton and hybrid maize, private seed sector is playing a significant role in augmenting supply of these seeds.
Rs. 294 crore have been allocated in the current financial year (2012-13) for Central Sector Scheme ‘Development and Strengthening of Infrastructure Facilities for Production and Distribution of Quality Seeds.
Government has taken several steps to encourage and promote the role of seed companies including private sector companies for production of quality seeds. These measures include the following:
i. Under the existing policy relating to seeds, the best planting material available in the world is allowed for import by private/public companies subject to quarantine regulations.
ii. FDI is allowed upto 100% under the automatic route in the development and production of seeds and planting material subject to certain conditions.
iii. Seed companies are exempted from payment of VAT on Seeds.
iv. Under Section 35 of IT Act, 200% of the expenditure on R&D is allowed as weighted deduction to the seed industries having R&D centres recognized by the Department of Scientific and Industrial Research, Ministry of Science & Technology.
v. Back ended subsidy to private companies for creation of seed infrastructure like seed processing and seed storage facilities under the Central Sector Scheme of ‘Development and Strengthening of Infrastructure Facilities for Production and Distribution of Quality Seeds’.
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