New Delhi: Dhanuka Agritech, one of the leading agri-input companies in India, has signed a ‘Letter of Intent’ with Spain-based Kimitec to explore various business opportunities, including setting up a joint venture in India for the development and commercialisation of biological products using natural molecules derived from natural sources, the company announced recently. The two companies will also explore setting up a Research & Development facility in India.
“Biological products are derived from natural sources using botany, microbiology, microalgae, and bioinformatics. These represent a sustainable category of products providing crop protection, soil health, and plant nutrition. These products can be used individually or in combination with conventional chemical products as per the requirements,” Dhanuka Agritech informed.
“As part of our continuous effort to offer the best products and solutions to the Indian farming community, we have signed a non-binding Letter of Intent with Spain’s Kimitec to explore various business opportunities, including setting up a joint venture in India and an R&D facility, as well as the commercialisation of biological products. The demand for biological products is increasing globally, and we see an uptrend for these products in India too,” said Rahul Dhanuka, Joint Managing Director, Dhanuka Agritech.
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Kimitec, is a cutting-edge biotech company and founder of MAAVi Innovation Center, a leading European biotech innovation hub dedicated to natural molecules. Kimitec has implemented a revolutionary AI platform at MAAVi Innovation Center. Known by the name of LINNA this AI platform is already providing Kimitec with around 35 per cent of candidate compounds for product development.
“As part of our mission to change the way food is produced globally, we have identified Dhanuka Agritech Ltd as a perfect partner to bring our natural yet as effective as chemicals solutions to farmers in India,” said Félix García, CEO of Kimitec.
Kimitec operates in more than 100 countries around the world and collaborates with MNC’s to develop and commercialise biological products for B2B and B2C markets.
Dhanuka Group already has tie-ups with seven leading agrochemical companies from the US, Japan, and Europe, to introduce the latest technology and products in India.
Dhanuka has set up an R&D Centre in Palwal, Haryana. Dhanuka Group also has over 300 registrations across herbicides, insecticides, fungicides, and plant growth regulators, and 90 products across all segments.
