Press Release

Indian Farmers to benefit from R&D JV of Insecticides (India) Ltd. with Oatsuka of Japan

Indore, November 05, 2012
Insecticides (India) Ltd. (IIL), a BSE & NSE listed agro chemicals manufacturing company;today announced their new JV with OatsukaAgritech, Japan.In its endeavor to provide latest technology to the farmers, Insecticides (India) Ltd. (IIL) is partnering with Japan-based OtsukaAgriTechno Co. Ltd (OAT) to set up a R&D centreto invent new agro chemical molecules for global markets in India.

Under the terms of the JV, both the companies have agreed to establish a 4000 sqmresearch centre in Bhiwadi, Rajasthan. The state-of-the-art research centrewill be first of its kind, employing both Japanese and Indian researchers under the same roof.

Insecticides (India) 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. Hakamais 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 alsolaunched Nuvan, a popular international insecticide brandused 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: "We are committed to provide world class agrochemicals to farmers. This JV reflects our commitment in that direction. It will help IIL to move up in the value-chain and own intellectual property. The new products invented in the research centre will help farmers to increase their crop yield multi-fold."

"We would also like to thank the channel partners and the farmers for their wonderful response to our products Hakama and Nuvan. This encourages us to plan for the next year in bigger way. We assure to keep bringing in new technologies in the future also." Mr. Aggarwal said.

“We at IIL have been striving hard to provide training and information to the farmers, since last 3 years through farmer awareness programmes pan India. The objective of these programs is to create an understanding on the judicious use of pesticides and its safety measures with the emphasis on good agricultural practices, and how the crop yield can be maximized. We would like to mention here that this year our Jagruktaabhiyan touched more than 1 lac farmers pan India. ”said Mr. P.C. Pabbi,Vice President, Corporate affairs.

Nuvan, Pulsor&Hakama are the new additions to IIL’s kitty of leading and most popular brands in furtherance to Lethal, Victor, Thimet and Monocil.

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