11 months ago

FSII Study: Regulatory Friction Costs Seed Industry ₹800 Crore Annually

FSII Study: Regulatory Friction Costs Seed Industry ₹800 Crore Annually
FSII study flags ₹800 crore annual loss from regulatory friction in Indian seed industry · thehindubusinessline.com

Imagine the seed industry is like a plant trying to grow.

But there are too many rules, like different states having different laws.

This study by FSII found that these different rules cost the industry a lot of money, over ₹800 crore a year!

The rules slow down innovation, waste time, and make it hard for companies to launch new types of seeds.

To fix this, the study suggests 'One Nation, One Licence' so companies don't have to deal with so many different rules.

This could save money and allow the industry to grow faster and create more jobs.

Key facts

Industry Value
Over ₹30,000 crore ($3.6 billion)
Annual Loss Due to Friction
Over ₹800 crore
Revenue Loss from Delays
₹290 crore annually
Direct Regulatory Expenses
Over ₹225 crore annually
Survey Participants
55 member companies
R&D Spending (Average)
10% of annual revenue

Quotes

FSII

The Federation of Seed Industry of India

“These insights spotlight how MSME-led, export-oriented, innovation-driven, and globally invested the Indian seed sector already is, while facing regulatory fragmentation and challenges that target all these growth engines, the FSII study said.”
thehindubusinessline.com
“The results show that regulatory friction costs the industry over ₹800 crore annually, with half due to delays and the rest split among direct compliance costs, state fees, and redundant testing.”
thehindubusinessline.com

Sources

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