Seed industry wants restoration of 200% tax deduction for R&D

The Hindu Business Line | Jan 16, 2020 at 10:51 AM
  • Indian seed industry has called for increasing weighted tax deduction for in-house research and development (R&D) activities from 100 per cent to 200 per cent as was the case before the financial year 2016-17.
  • Currently seed export from India is around Rs 1,000 crore while the global seed trade is about Rs 1,00,000 crore ($14 Billion).
  • Countries like Chile, Argentina and South Africa dominate the global seed trade as they have positioned themselves as suppliers of reliable quality of seeds.