Hyderabad-based agrochemical company, Agastya Agro has entered an agreement with the USA based, Primary BioAg Innovations™ (PBI) with an integration of various technology platforms and diverse product portfolio including bio-fertilisers, bio-stimulants and bio-pesticides. The agreement is signed for commercialisation of Primary BioAg Innovations products in India and technology transfer.
The agreement is the outcome of the just-concluded BioAgri 2021 conference organised by Bio Agri Input Producers Association (BIPA) in Hyderabad.
Primary BioAg Innovations has a presence in 17 countries with innovation and manufacturing facility collaborations in six countries such as the USA, Mexico, Italy, Turkey, South Korea, and China. With Business Development partners in all these countries plus Philippines, Indonesia, Malaysia, Vietnam, Greece, Balkans, Brazil, West Africa and Bangladesh.
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Under the partnership agreement, Primary BioAg Innovations will commercialise its product portfolio such InnoAgStart, Stimgo, ProPlus and More in India. In the future, PBI also intends to transfer and adapt the technology to India at Agastya’s and other Indian partners’ facilities in Telangana. These facilities will focus on exports besides serving local markets. It is an exclusive agreement for Agastya for southern states such as Telangana, Andhra Pradesh, Tamil Nadu and Karnataka to begin with and subsequently expanded to other states.
“We have chosen Agastya because of its strong presence, market access, financial soundness, manufacturing capabilities, infrastructure and marketing set up. We produce market proven, unique, well-differentiated, safe and efficacious bio-nutritional products. Our products are compatible with integrated and sustainable crop management for improved crop productivity and profitability for farmers and contribute to food safety and food security for consumers said, Roger Tripathi, Chairman and CEO, Primary BioAg Innovations.