 "PI Industries forms JV with Japan's Mitsui Chemicals for agrochemicals")
PI Industries Ltd (PI) has entered into an agreement with Japanese agrochemicals company Mitsui Chemicals Agro Inc (MCAG) to establish a joint venture company in India.
The JV, to be named Solinnos Agro Sciences Pvt Ltd, will provide registration services for Mitsui Chemicals Agro’s proprietary agrochemicals. The JV intends to leverage PI's deep understanding of Indian agriculture, farmer's need, regulatory system, etc and MCAG's capability of delivering innovative agrochemicals.
“This tie up will further strengthen collaboration between the two companies and help them bring innovative product solutions in India to enhance farm productivity,” said Mitsui Chemicals in a statement.
PI Industries, one of India's leading players in the agri-input industry, has exclusive rights with several global companies for distribution in India. The company also focuses on custom synthesis and contract manufacturing of chemicals.
The JV, to be named Solinnos Agro Sciences Pvt Ltd, will provide registration services for Mitsui Chemicals Agro’s proprietary agrochemicals. The JV intends to leverage PI's deep understanding of Indian agriculture, farmer's need, regulatory system, etc and MCAG's capability of delivering innovative agrochemicals.
“This tie up will further strengthen collaboration between the two companies and help them bring innovative product solutions in India to enhance farm productivity,” said Mitsui Chemicals in a statement.
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Mitsui Chemicals Agro will hold 51 percent stake in Solinnos Agro Sciences (headquartered at Gurgaon (Haryana), while remaining stake will be held by PI Industries.
PI Industries, one of India's leading players in the agri-input industry, has exclusive rights with several global companies for distribution in India. The company also focuses on custom synthesis and contract manufacturing of chemicals.