Natco Pharma to enter agrochemicals, set up Rs 100 crore facility in AP

The decision marks Natco's first ever entry into agrochemical manufacturing, an all together a new area of business for a pharma player

Natco Pharma announced on Friday that it has initiated work on green-field manufacturing facilities for producing niche agrichemical products in Nellore district of Andhra Pradesh. The decision marks Natco's entry into agrichemical manufacturing, a new area of business for an Indian pharma player.

The company said it expects to commission these new agrichem manufacturing facilities by the end of 2019 with a total capital expenditure of Rs 100 crore.

"Natco strongly believes that its pharma strength in chemistry coupled with an acumen towards selection of niche molecules would differentiate itself in the agrichemical space as well," the company informed the