IMMA Urges Major Policy Reforms Ahead of Union Budget 2026-27.
The Indian Micro-Fertilizers Manufacturers Association acts decisively now.
Moreover, IMMA submits strong pre-budget recommendations to the Union Government.
Consequently, the body presses for key changes in the fertiliser sector.
First, IMMA demands uniform 5 per cent GST across all products.
Specifically, it wants this rate extended to every fertiliser under the Fertiliser Control Order (FCO).
Additionally, the association praises GST 2.0 as a landmark step.
It reduced rates on certain Schedule 1G items and mixtures from 12 per cent to 5 per cent.
However, an inverted duty structure persists stubbornly.
Raw materials and services attract higher GST than finished products.
Thus, manufacturers face accumulated input tax credits.
These credits tie up vital working capital heavily.
Therefore, IMMA proposes a clear mechanism urgently.
It seeks faster, time-bound refunds of excess GST credits.
Quicker refunds ease liquidity stress significantly.
Manufacturers reinvest in quality and production capacity then.
They expand farmer outreach effectively too.
Furthermore, IMMA pushes for a unified licensing system boldly.
The industry calls it ‘One Nation, One Licence’ framework.
Currently, state-wise and district-wise licences burden companies.
Administrative delays slow operations constantly.
A centralised digital repository changes everything positively.
It stores all licence documents accessibly.
States verify and issue permissions swiftly.
Costs drop noticeably.
Market access improves dramatically for micro-fertiliser makers.
Overall, these reforms boost competitiveness strongly.
They enhance ease of doing business remarkably.
The sector supports millions of farmers nationwide.
Price-sensitive markets demand efficiency urgently.
Regulated regimes require fair policies now.
IMMA highlights the urgency clearly.
The Union Budget 2026-27 approaches fast.
Government listens to industry voices attentively.
Finally, these changes promise a stronger fertiliser ecosystem.
Innovation thrives.
Farmers benefit directly.
India advances sustainable agriculture confidently.
