First View
UPL Vice President Tyagi on Union Budget 2026-27
This story was originally published at 15:50 IST on 1 February 2026
Register to read our real-time news.Informist, Sunday, Feb. 1, 2026
NEW DELHI – Ombeer Singh Tyagi, vice president, UPL Ltd., said the following on the Union Budget for 2026-27 (Apr-Mar), presented in the Lok Sabha by Finance Minister Nirmala Sitharaman on Sunday:
The Union Budget for FY27 did not directly address key concerns of the agrochemical industry, as it lacked rationalisation in customs duties to support domestic manufacturing. While allocations for agriculture could indirectly support demand for agrochemicals, the Budget did not ensure a level playing field between importers and domestic manufacturers.
The industry had sought lower import duties on raw materials and higher duties on ready-to-use formulations to incentivise domestic manufacturing. Despite the government's focus on ease of doing business, importing agrochemicals remains easier than manufacturing in India.
However, the industry welcomes the government's broader push to raise farmers' income through the promotion of high-value crops such as horticulture and plantation crops. India is already surplus in food grains, and previous Budgets had addressed pulses and oilseeds cultivation by announcing dedicated missions. End
As told to Afra Abubacker
Edited by Ashish Shirke
For users of real-time market data terminals, Informist news is available exclusively on the NSE Cogencis WorkStation.
Cogencis news is now Informist news. This follows the acquisition of Cogencis Information Services Ltd. by NSE Data & Analytics Ltd., a 100% subsidiary of the National Stock Exchange of India Ltd. As a part of the transaction, the news department of Cogencis has been sold to Informist Media Pvt. Ltd.
Informist Media Tel +91 (22) 6985-4000
Send comments to feedback@informistmedia.com
© Informist Media Pvt. Ltd. 2026. All rights reserved.
To read more please subscribe
Share this Story:
