Make in India and Swacch Bharat initiatives are going to have tremendous impact on the Home and Personal Care (HPC) industry.
Though ‘Make in India’ initiative is key towards industrial growth, but to execute the initiative into a reality government needs to focus on industry specific amendments as urged by the leaders of home care, personal care and chemical industry, says a PTI report.
"The single window system for all the clearances should be in place which should also include the environment clearance. This is a hurdle which all the chemical factories are facing. Also, government should ensure that products made in SEZs should be covered par with FTAs," said B K Gaikwad, Vice Chairman, Chemexcil (Chemicals, Pharmaceuticals and Cosmetics Export Promotion Board) told PTI.
"The products produced in these (SEZ) zones when sold in the domestic market, will attract the standard duty. This is in contrast to the fact that India has Free Trade Agreements (FTAs) with several countries where the duty is low or almost zero, he said.
He said that Make in India and Swacch Bharat initiatives are going to have tremendous impact on the Home and Personal Care (HPC) industry.
"Firstly, when we talk of `Swacch Bharat', it does not necessary means cleaning with brooms. It also means maintaining hygiene. With this initiative there is exponential potential for the growth. Per capita consumption of these products is going to go up," he said.
An industry expert Sanjay Trivedi said that home care industry is growing at the rate of 10-11 per cent till now and personal care is between 18-20 per cent.
Nadir B Godrej, MD, Godrej Industries Ltd said that personal and home care industry is very large in China where per capita is much more than India.
"India is generally 10-12 years behind China in this segment. So you can see the very explosive growth happening in the years to come. This is much globalised industry. There are very large multinationals operating in India, there are several Indian companies which have become multinationals over last 5-6 years," he said.
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