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India in the Global Markets Imports Developing a new product is an extremely expensive proposition on India and is confined to large multinationals in India. As and when a new product finds a fit in controlling a specific pest in India, the concerned multinationals go through the process of registering and importing the new molecule into India. Hence products that are imported are generally new sophisticated molecules, which are not manufactured in India. Exports During 1999, Indian exports of agrochemicals reached Rs. 1500 crores, a steep climb from Rs.64 crores exports during the year 1989. Hence in the field of agrochemicals agrochemicals trade India has a healthy surplus on account of abundant and easy availability of high quality and low cost raw materials and intermediates. The high high qualit quality y of India Indian n produc products ts such such as cyper cyperme methr thrin, in, chlorp chlorpyri yriph phos os and endosu endosulfa lfan n gave gave India India a distin distinct ct edge edge over over China. China. On accou account nt of the huge potential for agrochemicals abroad several Indian manufacturers set up large capacities in India, anticipating that very soon domestic demand would justify the same. However, the growth was slower than expected.
