The government will announce guidelines to regulate the Rs 1,500 crore market of biostimulants that promise farmers higher yields, quality and other benefits from the use of various compounds and micro organisms.
Unlike fertilizers and pesticides, these products are not regulated and are sold without a certification of their efficacy, officials said. The government will set up a regulatory body for such products, officials said.
“Framing of rules is in final stages. As per the proposed guidelines, biostimulants will have to be first registered with government and have to prove efficacy before hitting in the market. Proper labelling will have to be done including name of manufacturers, ingredients and expiry date,” said a senior agriculture ministry official.
He said the need for a regulatory body has arisen as many companies have started manufacturing biostimulants without any authentic formulation.
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