Insecticides India Limited (IIL), an agro chemicals manufacturer, has partnered with Oatsuka Agritech of Japan. The idea was to set up a R&D centre to invent new agro chemical molecules for global markets in the country. Under the JV, both the companies have agreed to establish a 4000 sqm research centre in Bhiwadi, Rajasthan. The state-of-the-art research centre will be first of its kind, employing both Japanese and Indian researchers under the same roof.
Apart from it, IIL also launched Japanese products Hakama and Pulsor early this year, got very good response among the farming community in Madhya Pradesh, a major producer of soybean, groundnut and cotton. Hakama is used to control narrow weeds in the crops of soybean, groundnut and cotton crops. Company aggressively launched the product amid of 500 product demonstrations and 750 farmer meetings. Company also launched Nuvan, an insecticide, used nearly in all the crops, in technical collaboration with US-based American Vanguard Corporation (AMVAC) under which the product is now manufactured and marketed by Insecticides (India) Limited.
Commenting on the development, Rajesh Aggarwal, managing director, IIL, said, “The JV reflects our commitment in that direction. The new products invented in the research centre will help farmers to increase their crop yield multi-fold.”
-TimesofIndia
+++
Alternate Investments 